Taking social investment seriously in developed economies
Title: Taking social investment seriously in developed economies
Author: HEMERIJCK, Anton
Citation: Christopher DEEMING and Paul SMYTH (eds), Reframing global social policy : social investment for sustainable and inclusive growth, Bristol : Policy Press, 2018, pp. 45-75
This contribution is about taking social investment seriously. It delineated the intellectual background conditions in politics and social policy analysis against which social investment ideas have encountered difficulties in being heard since the 1990s. The chapter then reviews the slow, contained but progessive, evolution of social investment ideas from the metaphoric notion of 'social policy as a productive factor' in the second half of the 1990s to the more fundamental paradigmatic rethink of welfare provision over the 2000s. The chapter concludes by considering how social investment reform can contribute to 'inclusive growth', as advocated today by practically all international organisations and think tanks in the global marketplace of economic ideas.
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