The Future of the Social Investment State

The Future of the Social Investment State

Author: Marius R. Busemeyer

Publisher: Routledge

Published: 2020-04-02

Total Pages: 179

ISBN-13: 0429846657

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Social investment is part of a strategy to modernize the European welfare states by focusing on human resource development throughout the life-course, while ensuring financial sustainability. The last decades have seen cost containment in areas such as pensions and health care, but also expansion in areas such as early childhood education, higher education and active labor market policies. This development is linked to a Social Investment (SI) approach, which should, ideally, promote a better reconciliation of work and family life, high levels of labor market productivity and strong economic growth, while also mitigating social inequality. However, institutionalization of policies that may mainly benefit the middle class has some unintended effects, such as perpetuating new inequalities and the creation of other Matthew effects. While research on the rise of the social investment state as a new paradigm of social policy-making for European welfare states has grown significantly, there are still important gaps in the literature. The chapters in this book address the controversies around social investment related to inequalities, individual preferences and the politics of social investment. This volume is therefore organized around policies, politics and outcomes. The contributing authors bring together expert knowledge and different perspectives on SI from several disciplines, with original path-breaking empirical contributions, addressing some key questions that thus far are unanswered, related to Matthew effects, inequalities, ambiguities of social investment and institutional complementarities. Furthermore, it is the first volume that covers the core policy areas of social investment: childcare, education and labour market policies. The chapters in this book were originally published in a special issue of the Journal of European Public Policy.


The World Politics of Social Investment: Volume I

The World Politics of Social Investment: Volume I

Author: Julian L. Garritzmann

Publisher: Oxford University Press

Published: 2022

Total Pages: 553

ISBN-13: 0197585248

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"Around the turn of the 21st century, new social policies started to develop all around the world. Bolsa Familia in Brazil, Progresa in Mexico, Superémonos in Costa Rica, Juntos in Peru... almost all Latin American countries have developed "conditional cash transfers" (CCTs), a new type of social policy usually conditioning benefits for poor families on their children going to school or attending health checkups. At the same time, some old industrialized countries famously known for being the heaven of the male breadwinner model have introduced surprising innovation in their welfare systems: in Germany massive investment in preschool childcare (Kita) since the early 2000s and the introduction of two "daddy months" in a German parental leave scheme in 2007; in Japan a well-paid parental leave in 2014 and universalization of free preschool education for ages 3-5 in 2017; in South Korea childcare facilities for children below the age of five made free of charge in 2013. Policies aimed at investing in children's care and education and in mothers' labor market participation seem to have bloomed almost everywhere. Worldwide there has been a sharp increase in access to secondary and tertiary education. Youth training programs have spread in many Latin American countries, while European countries have introduced youth guarantees, an innovative inclusive policy for their NEETs (young people not in education, employment, or training)"--


The World Politics of Social Investment: Volume I

The World Politics of Social Investment: Volume I

Author: Julian L. Garritzmann

Publisher: Oxford University Press

Published: 2022-04-19

Total Pages: 553

ISBN-13: 0197585264

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Welfare states around the globe are changing, challenged by the development of knowledge economies. In many countries, policy-makers' main response has been to modernize welfare states by focusing on future-oriented social investment policies that focus on creating, mobilizing, and preserving human skills and capabilities. Yet, there is massive variance in the development of social investment strategies. The World Politics of Social Investment: Welfare States in the 21st Century is the first of two volumes of the World Politics of Social Investment (WOPSI) project, which systematically maps and explains different welfare reform strategies in democratic countries around the world. This volume develops a theory on the political and socio-economic conditions for the development of social investment policies around the globe, and studies the impact of the main explanatory factors on the empirical variety of social investment reforms (and non-social investment reforms). It also proposes a new typology of different welfare reform strategies, distinguishing nine types of social investment strategies depending on their functions (creating, mobilizing and preserving human skill and capabilities) and their distributive profiles (inclusive, stratified or targeted), and three types of non-social investment welfare strategies (market liberalism, social protectionism and basic income). The chapters of this volume are written by leading social policy scholars from different disciplines and countries, who apply the WOPSI global theoretical framework in a range of contexts and policy fields, shedding light on the scope conditions of social investment, as well as political demand- and supply-side drivers of social investment reforms. This volume on its own or in conjunction with the second volume is an invaluable resource on the state of modern welfare and social investment policies from around the globe.


The World Politics of Social Investment: Volume II

The World Politics of Social Investment: Volume II

Author: Julian L. Garritzmann

Publisher: Oxford University Press

Published: 2022

Total Pages: 521

ISBN-13: 0197601456

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"Around the turn of the 21st century, new social policies started to develop all around the world. Bolsa Familia in Brazil, Progresa in Mexico, Superémonos in Costa Rica, Juntos in Peru... almost all Latin American countries have developed "conditional cash transfers" (CCTs), a new type of social policy usually conditioning benefits for poor families on their children going to school or attending health checkups. At the same time, some old industrialized countries famously known for being the heaven of the male breadwinner model have introduced surprising innovation in their welfare systems: in Germany massive investment in preschool childcare (Kita) since the early 2000s and the introduction of two "daddy months" in a German parental leave scheme in 2007; in Japan a well-paid parental leave in 2014 and universalization of free preschool education for ages 3-5 in 2017; in South Korea childcare facilities for children below the age of five made free of charge in 2013. Policies aimed at investing in children's care and education and in mothers' labor market participation seem to have bloomed almost everywhere. Worldwide there has been a sharp increase in access to secondary and tertiary education. Youth training programs have spread in many Latin American countries, while European countries have introduced youth guarantees, an innovative inclusive policy for their NEETs (young people not in education, employment, or training)"--


The Uses of Social Investment

The Uses of Social Investment

Author: Anton Hemerijck

Publisher: Oxford University Press

Published: 2017-05-26

Total Pages: 500

ISBN-13: 0192507737

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The Uses of Social Investment provides the first study of the welfare state, under the new post-crisis austerity context and associated crisis management politics, to take stock of the limits and potential of social investment. It surveys the emergence, diffusion, limits, merits, and politics of social investment as the welfare policy paradigm for the 21st century, seen through the lens of the life-course contingencies of the competitive knowledge economy and modern family-hood. Featuring contributions from leading scholars in the field, the volume revisits the intellectual roots and normative foundations of social investment, surveys the criticisms that have leveled against the social investment perspective in theory and policy practice, and presents empirical evidence of social investment progress together with novel research methodologies for assessing socioeconomic 'rates of return' on social investment. Given the progressive, admittedly uneven, diffusion of the social investment policy priorities across the globe, the volume seeks to address the pressing political question as to whether the social investment turn is able to withstand the fiscal austerity backlash that has re-emerged in the aftermath of the global financial crisis.


Towards a Social Investment Welfare State?

Towards a Social Investment Welfare State?

Author: Nathalie Morel

Publisher: Policy Press

Published: 2012

Total Pages: 402

ISBN-13: 1847429246

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Since the late 1990s, new strategies concerning the role and shape of welfare states have been formulated, many of which are guided by a logic of social investment. This book maps out this new perspective and assesses both its achievements and shortcomings. In doing so, it provides a critical analysis of social investment ideas and policies and opens up for discussion many of Europe's most pressing concerns--such as an aging population, the current economic crisis, and environmental issues-- and whether social investment can provide adequate responses to these challenges.


Social Value Investing

Social Value Investing

Author: Howard W. Buffett

Publisher: Columbia University Press

Published: 2018-05-29

Total Pages: 592

ISBN-13: 0231544456

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Social Value Investing presents a new way to approach some of society’s most difficult and intractable challenges. Although many of our world’s problems may seem too great and too complex to solve — inequality, climate change, affordable housing, corruption, healthcare, food insecurity — solutions to these challenges do exist, and will be found through new partnerships bringing together leaders from the public, private, and philanthropic sectors. In their new book, Howard W. Buffett and William B. Eimicke present a five-point management framework for developing and measuring the success of such partnerships. Inspired by value investing — one of history’s most successful investment paradigms — this framework provides tools to maximize collaborative efficiency and positive social impact, so that major public programs can deliver innovative, inclusive, and long-lasting solutions. It also offers practical insights for any private sector CEO, public sector administrator, or nonprofit manager hoping to build successful cross-sector collaborations. Social Value Investing tells the compelling stories of cross-sector partnerships from around the world — Central Park and the High Line in New York City, community-led economic development in Afghanistan, and improved public services in cities across Brazil. Drawing on lessons and observations from a broad selections of collaborations, this book combines real life stories with detailed analysis, resulting in a blueprint for effective, sustainable partnerships that serve the public interest. Readers also gain access to original, academic case material and professionally produced video documentaries for every major partnerships profiled — bringing to life the people and stories in a way that few other business or management books have done.


Social Investment and Social Welfare

Social Investment and Social Welfare

Author: James Midgley

Publisher: Edward Elgar Publishing

Published: 2017-05-26

Total Pages: 270

ISBN-13: 1785367838

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This book contributes to the growing literature on social investment by discussing the way social investment ideas have been adopted in different countries and in various academic and professional fields, including social policy, development studies and non-profit management. Documenting the experience of implementing social investment in different communities, it encourages a One World perspective that integrates these diverse experiences and promotes policy learning between different nations.


The Third Way

The Third Way

Author: Anthony Giddens

Publisher: John Wiley & Sons

Published: 2013-05-29

Total Pages: 130

ISBN-13: 0745666604

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The idea of finding a 'third way' in politics has been widely discussed over recent months - not only in the UK, but in the US, Continental Europe and Latin America. But what is the third way? Supporters of the notion haven't been able to agree, and critics deny the possibility altogether. Anthony Giddens shows that developing a third way is not only a possibility but a necessity in modern politics.


Reframing Global Social Policy

Reframing Global Social Policy

Author: Christopher Deeming

Publisher: Policy Press

Published: 2018

Total Pages: 368

ISBN-13: 1447332490

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As neoliberalism begins to reach its limits, and the new landscape of social and public policy that it has left in its wake becomes clearer, there is a great need to define and explain the new roles that social policy, non-governmental organizations, and citizens are taking on. In this book, internationally renowned contributors provide a sustained analysis of this new landscape, reframing social and public policy and bringing in the latest thinking on social investment and inclusive growth on a global scale. Scholars and practitioners working in development, human geography, politics, and international political economy will all need this book as they look at what's to come.