Christopher Deeming and Paul Smyth
- Published in print:
- 2017
- Published Online:
- May 2018
- ISBN:
- 9781447332497
- eISBN:
- 9781447332534
- Item type:
- chapter
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781447332497.003.0002
- Subject:
- Social Work, Social Policy
The chapter will examine the strengths and weaknesses of the social investment approach before looking at how it can be enhanced by the inclusive growth framework which has been the subject of a ...
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The chapter will examine the strengths and weaknesses of the social investment approach before looking at how it can be enhanced by the inclusive growth framework which has been the subject of a major dialogue between the OECD itself with the World Bank. This chapter reflects on how well the social policy discipline is responding to the challenge of reintegration with economic policy identifying the key challenges which lie ahead for developed economies.Less
The chapter will examine the strengths and weaknesses of the social investment approach before looking at how it can be enhanced by the inclusive growth framework which has been the subject of a major dialogue between the OECD itself with the World Bank. This chapter reflects on how well the social policy discipline is responding to the challenge of reintegration with economic policy identifying the key challenges which lie ahead for developed economies.
Christopher Deeming and Paul Smyth (eds)
- Published in print:
- 2017
- Published Online:
- May 2018
- ISBN:
- 9781447332497
- eISBN:
- 9781447332534
- Item type:
- book
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781447332497.001.0001
- Subject:
- Social Work, Social Policy
This book is concerned with ‘Social Investment’, in terms of a supply-side strategy complementing the demand-side emphasis of ‘Inclusive Growth’. Our aim is to show the logic of integrating and ...
More
This book is concerned with ‘Social Investment’, in terms of a supply-side strategy complementing the demand-side emphasis of ‘Inclusive Growth’. Our aim is to show the logic of integrating and unifying these new strategies – and some of the challenges ahead - as we move decisively towards forging a new consensus in global policymaking for the twenty-first century based on this new policy perspective: Social Investment for Inclusive Growth.Less
This book is concerned with ‘Social Investment’, in terms of a supply-side strategy complementing the demand-side emphasis of ‘Inclusive Growth’. Our aim is to show the logic of integrating and unifying these new strategies – and some of the challenges ahead - as we move decisively towards forging a new consensus in global policymaking for the twenty-first century based on this new policy perspective: Social Investment for Inclusive Growth.
Stephan Klasen
- Published in print:
- 2017
- Published Online:
- May 2018
- ISBN:
- 9781447332497
- eISBN:
- 9781447332534
- Item type:
- chapter
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781447332497.003.0006
- Subject:
- Social Work, Social Policy
Inclusive growth has been proposed as another approach to ensuring that economic growth promotes well-being for all. At the same time, the precise definition of inclusive growth, its relation to ...
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Inclusive growth has been proposed as another approach to ensuring that economic growth promotes well-being for all. At the same time, the precise definition of inclusive growth, its relation to related concepts, such as pro-poor growth, social exclusion, or inequality, is not very clear. This chapter proposes a way to define inclusive growth, differentiate from related concepts, and propose particular indicators that can be used to monitor inclusive growth in developing and developed countries.Less
Inclusive growth has been proposed as another approach to ensuring that economic growth promotes well-being for all. At the same time, the precise definition of inclusive growth, its relation to related concepts, such as pro-poor growth, social exclusion, or inequality, is not very clear. This chapter proposes a way to define inclusive growth, differentiate from related concepts, and propose particular indicators that can be used to monitor inclusive growth in developing and developed countries.
Tim Jackson and Robin Webster
- Published in print:
- 2017
- Published Online:
- May 2018
- ISBN:
- 9781447332497
- eISBN:
- 9781447332534
- Item type:
- chapter
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781447332497.003.0014
- Subject:
- Social Work, Social Policy
Macro-economic policy should be evaluated and devised according to sustainability criteria alongside economic and social criteria. Economic goals, whether growth of GDP, productivity or ...
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Macro-economic policy should be evaluated and devised according to sustainability criteria alongside economic and social criteria. Economic goals, whether growth of GDP, productivity or competitiveness should not trump equity/justice or sustainability. But nor should environmental goals trump social goals. The urgent challenge addressed in this chapter is to develop a macroeconomic framework that supports ‘eco-social’ policies to pursue both goals simultaneously.Less
Macro-economic policy should be evaluated and devised according to sustainability criteria alongside economic and social criteria. Economic goals, whether growth of GDP, productivity or competitiveness should not trump equity/justice or sustainability. But nor should environmental goals trump social goals. The urgent challenge addressed in this chapter is to develop a macroeconomic framework that supports ‘eco-social’ policies to pursue both goals simultaneously.
Sarah Cook
- Published in print:
- 2017
- Published Online:
- May 2018
- ISBN:
- 9781447332497
- eISBN:
- 9781447332534
- Item type:
- chapter
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781447332497.003.0004
- Subject:
- Social Work, Social Policy
Remaking the relationship between paid work and welfare looms as the central challenge for an inclusive growth regime. Neoliberal economic policies created a legacy of high unemployment and precarity ...
More
Remaking the relationship between paid work and welfare looms as the central challenge for an inclusive growth regime. Neoliberal economic policies created a legacy of high unemployment and precarity that has not been addressed by the social investment approach with its purely supply side focus. Inclusive growth insists that paid work must underpin a sustainable welfare regime. But how can this be done given the state of current labour markets? This chapter reconsiders the paid work welfare nexus.Less
Remaking the relationship between paid work and welfare looms as the central challenge for an inclusive growth regime. Neoliberal economic policies created a legacy of high unemployment and precarity that has not been addressed by the social investment approach with its purely supply side focus. Inclusive growth insists that paid work must underpin a sustainable welfare regime. But how can this be done given the state of current labour markets? This chapter reconsiders the paid work welfare nexus.
Paul Smyth and Christopher Deeming
- Published in print:
- 2017
- Published Online:
- May 2018
- ISBN:
- 9781447332497
- eISBN:
- 9781447332534
- Item type:
- chapter
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781447332497.003.0015
- Subject:
- Social Work, Social Policy
What have learned? Are we talking about a coherent shift in social policy perspective? What have we learned about the challenges ahead for strengthening welfare systems, and for economic and ...
More
What have learned? Are we talking about a coherent shift in social policy perspective? What have we learned about the challenges ahead for strengthening welfare systems, and for economic and sustainable growth for all. In this final chapter we will critically consider the perspectives, and ask whether they are simply saying the same thing with different accents (e.g. different disciplinary and country foci) and whether or the extent to which they have different/unique features. Summary tables will be included to summarise approaches and lessons learned.Less
What have learned? Are we talking about a coherent shift in social policy perspective? What have we learned about the challenges ahead for strengthening welfare systems, and for economic and sustainable growth for all. In this final chapter we will critically consider the perspectives, and ask whether they are simply saying the same thing with different accents (e.g. different disciplinary and country foci) and whether or the extent to which they have different/unique features. Summary tables will be included to summarise approaches and lessons learned.
Paul Shaffer, Ravi Kanbur, and Richard Sandbrook (eds)
- Published in print:
- 2019
- Published Online:
- March 2019
- ISBN:
- 9780198832317
- eISBN:
- 9780191870965
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780198832317.001.0001
- Subject:
- Economics and Finance, Development, Growth, and Environmental
Immiserizing Growth occurs when growth fails to benefit, or harms, those at the bottom. It is not a new concept, appearing such figures as Malthus, Ricardo and Marx. It is also not empirically ...
More
Immiserizing Growth occurs when growth fails to benefit, or harms, those at the bottom. It is not a new concept, appearing such figures as Malthus, Ricardo and Marx. It is also not empirically insignificant, occurring in between 10% and 35% of cases, depending on the data set and the growth and poverty measures used. In spite of this, it has not received its due attention in the academic literature, dominated by the prevailing narrative that ‘growth is good for the poor’. The chapters in this volume aim to arrive at a better understanding of when, why and how growth fails the poor. They combine discussion of mechanisms of Immiserizing Growth with empirical data on trends in growth, poverty and related welfare indicators. In terms of mechanisms, politics and political economy are chosen as useful entry points to explain IG episodes. The disciplinary focus is diverse, drawing on economics, political economy, applied social anthropology, and development studies. A number of methodological approaches are represented including statistical analysis of household survey and cross-country data, detailed ethnographic work and case study analysis drawing on secondary data. Geographical coverage is wide including Bolivia, the Dominican Republic, Ecuador, India, Indonesia, Mexico, Nigeria, the People’s Republic of China, Singapore, and South Korea, in addition to cross-country analysis. As the first book-length treatment of Immiserizing Growth in the literature, we believe that this volume constitutes an important step in redirecting attention to this issue.Less
Immiserizing Growth occurs when growth fails to benefit, or harms, those at the bottom. It is not a new concept, appearing such figures as Malthus, Ricardo and Marx. It is also not empirically insignificant, occurring in between 10% and 35% of cases, depending on the data set and the growth and poverty measures used. In spite of this, it has not received its due attention in the academic literature, dominated by the prevailing narrative that ‘growth is good for the poor’. The chapters in this volume aim to arrive at a better understanding of when, why and how growth fails the poor. They combine discussion of mechanisms of Immiserizing Growth with empirical data on trends in growth, poverty and related welfare indicators. In terms of mechanisms, politics and political economy are chosen as useful entry points to explain IG episodes. The disciplinary focus is diverse, drawing on economics, political economy, applied social anthropology, and development studies. A number of methodological approaches are represented including statistical analysis of household survey and cross-country data, detailed ethnographic work and case study analysis drawing on secondary data. Geographical coverage is wide including Bolivia, the Dominican Republic, Ecuador, India, Indonesia, Mexico, Nigeria, the People’s Republic of China, Singapore, and South Korea, in addition to cross-country analysis. As the first book-length treatment of Immiserizing Growth in the literature, we believe that this volume constitutes an important step in redirecting attention to this issue.
James Midgley
- Published in print:
- 2017
- Published Online:
- May 2018
- ISBN:
- 9781447332497
- eISBN:
- 9781447332534
- Item type:
- chapter
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781447332497.003.0012
- Subject:
- Social Work, Social Policy
This chapter shows how we can avoid the unwanted polarisation between ‘investment’ and ‘protection’. While certain trends in postwar social policy may have encouraged that bifurcation from economic ...
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This chapter shows how we can avoid the unwanted polarisation between ‘investment’ and ‘protection’. While certain trends in postwar social policy may have encouraged that bifurcation from economic policy, this chapter shows how nearly all social policies in fact have a dual function, i.e. both productive and protective. The chapter reasserts the importance of social protection for societies seeking to revive strategies for equality in the new model of inclusive growth.Less
This chapter shows how we can avoid the unwanted polarisation between ‘investment’ and ‘protection’. While certain trends in postwar social policy may have encouraged that bifurcation from economic policy, this chapter shows how nearly all social policies in fact have a dual function, i.e. both productive and protective. The chapter reasserts the importance of social protection for societies seeking to revive strategies for equality in the new model of inclusive growth.
Anton Hemerijck
- Published in print:
- 2017
- Published Online:
- May 2018
- ISBN:
- 9781447332497
- eISBN:
- 9781447332534
- Item type:
- chapter
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781447332497.003.0003
- Subject:
- Social Work, Social Policy
This chapter looks at the new integration of social with economic policy from the developing economies perspective. It will highlight the key social policy instruments in what were seen as ...
More
This chapter looks at the new integration of social with economic policy from the developing economies perspective. It will highlight the key social policy instruments in what were seen as ‘pre-welfare state’ economies, before surveying the ‘social policy spring’ occurring notably in Latin America and in Asia. The chapter will draw out the main learnings for social policy research from the new productivist models associated with Inclusive Growth.Less
This chapter looks at the new integration of social with economic policy from the developing economies perspective. It will highlight the key social policy instruments in what were seen as ‘pre-welfare state’ economies, before surveying the ‘social policy spring’ occurring notably in Latin America and in Asia. The chapter will draw out the main learnings for social policy research from the new productivist models associated with Inclusive Growth.
Guillem López-Casasnovas and Laia Maynou
- Published in print:
- 2017
- Published Online:
- May 2018
- ISBN:
- 9781447332497
- eISBN:
- 9781447332534
- Item type:
- chapter
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781447332497.003.0011
- Subject:
- Social Work, Social Policy
The links between health and development are complex but sufficiently well-established for policy development purposes. The whole idea that health is not a burden on the economy, but is an active ...
More
The links between health and development are complex but sufficiently well-established for policy development purposes. The whole idea that health is not a burden on the economy, but is an active partner in fostering economic growth and tackling health inequalities is widely acknowledged. Investments in improving the health of a population as a whole will have positive economic consequences resulting in higher growth; which as a consequence will improve health – a virtuous circle as this chapter illustrates.Less
The links between health and development are complex but sufficiently well-established for policy development purposes. The whole idea that health is not a burden on the economy, but is an active partner in fostering economic growth and tackling health inequalities is widely acknowledged. Investments in improving the health of a population as a whole will have positive economic consequences resulting in higher growth; which as a consequence will improve health – a virtuous circle as this chapter illustrates.
Giuliano Bonoli
- Published in print:
- 2017
- Published Online:
- May 2018
- ISBN:
- 9781447332497
- eISBN:
- 9781447332534
- Item type:
- chapter
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781447332497.003.0008
- Subject:
- Social Work, Social Policy
Growth which benefits everyone and to which everyone contributes has major implications for pure passive, redistributive policies which do not really result in “contribution to growth” (unless very ...
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Growth which benefits everyone and to which everyone contributes has major implications for pure passive, redistributive policies which do not really result in “contribution to growth” (unless very indirectly, by spending). ALMPs (understood broadly, to encompass also in work benefits) and how they promote the notion of inclusive growth now requires a rethink of the interface between employment and benefits in a way that encourages and rewards participation in productive processes by all those who can. Inclusive growth social policies pose a range of issues and challenges for ALMPs that are discussed and examined in detail in this chapter.Less
Growth which benefits everyone and to which everyone contributes has major implications for pure passive, redistributive policies which do not really result in “contribution to growth” (unless very indirectly, by spending). ALMPs (understood broadly, to encompass also in work benefits) and how they promote the notion of inclusive growth now requires a rethink of the interface between employment and benefits in a way that encourages and rewards participation in productive processes by all those who can. Inclusive growth social policies pose a range of issues and challenges for ALMPs that are discussed and examined in detail in this chapter.
Jane Jenson
- Published in print:
- 2017
- Published Online:
- May 2018
- ISBN:
- 9781447332497
- eISBN:
- 9781447332534
- Item type:
- chapter
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781447332497.003.0013
- Subject:
- Social Work, Social Policy
Analysts of social policy often pay more attention to the content of social policy than to its governance. It is important to assess both. Policy communities currently link the concepts of social ...
More
Analysts of social policy often pay more attention to the content of social policy than to its governance. It is important to assess both. Policy communities currently link the concepts of social investment and social entrepreneurship to advocate both where and how to intervene to ensure inclusive growth.The argument of the chapter is that the explicit linking of these two notions by policy-makers at several scales of authority constitutes an emerging policy paradigm. Despite variation across countries and levels (a characteristic of any paradigm) policy communities proffer the quasi-concepts of social investment and social entrepreneurship in combination as the appropriate ways to govern financing and delivery of social investments and ensure inclusive growth.Less
Analysts of social policy often pay more attention to the content of social policy than to its governance. It is important to assess both. Policy communities currently link the concepts of social investment and social entrepreneurship to advocate both where and how to intervene to ensure inclusive growth.The argument of the chapter is that the explicit linking of these two notions by policy-makers at several scales of authority constitutes an emerging policy paradigm. Despite variation across countries and levels (a characteristic of any paradigm) policy communities proffer the quasi-concepts of social investment and social entrepreneurship in combination as the appropriate ways to govern financing and delivery of social investments and ensure inclusive growth.
Christopher Deeming and Paul Smyth
- Published in print:
- 2017
- Published Online:
- May 2018
- ISBN:
- 9781447332497
- eISBN:
- 9781447332534
- Item type:
- chapter
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781447332497.003.0001
- Subject:
- Social Work, Social Policy
Neoliberalism, based on laissez-faire market ideas, had reached its social policy limits long before the financial crises of 2008. The ‘new social risks’ faced by citizens in post-industrial society ...
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Neoliberalism, based on laissez-faire market ideas, had reached its social policy limits long before the financial crises of 2008. The ‘new social risks’ faced by citizens in post-industrial society led policymakers to rethink what social and economic relations should look like in the 21st century. In this volume we argue that new ideas about social investment and inclusive growth could mark a turning point in social policy.Less
Neoliberalism, based on laissez-faire market ideas, had reached its social policy limits long before the financial crises of 2008. The ‘new social risks’ faced by citizens in post-industrial society led policymakers to rethink what social and economic relations should look like in the 21st century. In this volume we argue that new ideas about social investment and inclusive growth could mark a turning point in social policy.
Jon Kvist
- Published in print:
- 2017
- Published Online:
- May 2018
- ISBN:
- 9781447332497
- eISBN:
- 9781447332534
- Item type:
- chapter
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781447332497.003.0010
- Subject:
- Social Work, Social Policy
Globally, policymakers are promoted social investments as a reform strategy to increase individuals’ capacities and national economic growth. This chapter establishes a framework consisting of ...
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Globally, policymakers are promoted social investments as a reform strategy to increase individuals’ capacities and national economic growth. This chapter establishes a framework consisting of generational, life-course perspectives on social investments and inclusive growth. The generational perspective brings out that social investments involve horizontal redistribution, underpin the productive and reproductive social contract between generations, and the increased diversity within generations. The life-course perspective demonstrates how social issues and social investments in one life stage depend on the situation in prior life stages and affect the situation in later life stages and, possibly, in multiple dimensions.Less
Globally, policymakers are promoted social investments as a reform strategy to increase individuals’ capacities and national economic growth. This chapter establishes a framework consisting of generational, life-course perspectives on social investments and inclusive growth. The generational perspective brings out that social investments involve horizontal redistribution, underpin the productive and reproductive social contract between generations, and the increased diversity within generations. The life-course perspective demonstrates how social issues and social investments in one life stage depend on the situation in prior life stages and affect the situation in later life stages and, possibly, in multiple dimensions.
Marius R. Busemeyer
- Published in print:
- 2017
- Published Online:
- May 2018
- ISBN:
- 9781447332497
- eISBN:
- 9781447332534
- Item type:
- chapter
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781447332497.003.0009
- Subject:
- Social Work, Social Policy
High investment in human capital is the signature of the social investment approach embracing both education and skills. This chapter expands the conventional perspective taken up in the social ...
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High investment in human capital is the signature of the social investment approach embracing both education and skills. This chapter expands the conventional perspective taken up in the social investment literature by systematically discussing the potential contribution of vocational education and training and lifelong learning to promoting inclusive growth and social investments.Less
High investment in human capital is the signature of the social investment approach embracing both education and skills. This chapter expands the conventional perspective taken up in the social investment literature by systematically discussing the potential contribution of vocational education and training and lifelong learning to promoting inclusive growth and social investments.
Huck-ju Kwon
- Published in print:
- 2017
- Published Online:
- May 2018
- ISBN:
- 9781447332497
- eISBN:
- 9781447332534
- Item type:
- chapter
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781447332497.003.0005
- Subject:
- Social Work, Social Policy
One of the biggest challenges for developing a new more productivist social policy approach has been the apparent absence of a new, post-neoliberal, economic model even after the global financial ...
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One of the biggest challenges for developing a new more productivist social policy approach has been the apparent absence of a new, post-neoliberal, economic model even after the global financial crisis. This chapter explores the social policy implications of the official ‘pragmatism’ of the new economic model with its ‘institutionalist’ emphases on nation states finding what works best in their own contexts rather than looking to the one size fits all approach of recent decades.Less
One of the biggest challenges for developing a new more productivist social policy approach has been the apparent absence of a new, post-neoliberal, economic model even after the global financial crisis. This chapter explores the social policy implications of the official ‘pragmatism’ of the new economic model with its ‘institutionalist’ emphases on nation states finding what works best in their own contexts rather than looking to the one size fits all approach of recent decades.
Günther Schmid
- Published in print:
- 2017
- Published Online:
- May 2018
- ISBN:
- 9781447332497
- eISBN:
- 9781447332534
- Item type:
- chapter
- Publisher:
- Policy Press
- DOI:
- 10.1332/policypress/9781447332497.003.0007
- Subject:
- Social Work, Social Policy
The inclusive growth agenda prioritises a broad based, employment centred pattern of growth as a foundation of social development. Welfare goals cannot be pursued solely through taxes and transfers ...
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The inclusive growth agenda prioritises a broad based, employment centred pattern of growth as a foundation of social development. Welfare goals cannot be pursued solely through taxes and transfers ‘after the economic event’. The focus must also be upon the predistribution of economic endowments such as human capital, on the distribution of opportunities within the labour market as well as the wages and conditions of the workforce. This means raising the general level of education and training in the workforce, promoting inclusion of marginalized employees, encouraging transitions between various employment relationships over the life course, and ensuring the potential of social mobility.Less
The inclusive growth agenda prioritises a broad based, employment centred pattern of growth as a foundation of social development. Welfare goals cannot be pursued solely through taxes and transfers ‘after the economic event’. The focus must also be upon the predistribution of economic endowments such as human capital, on the distribution of opportunities within the labour market as well as the wages and conditions of the workforce. This means raising the general level of education and training in the workforce, promoting inclusion of marginalized employees, encouraging transitions between various employment relationships over the life course, and ensuring the potential of social mobility.
