Social Investment Welfare

Main Article Content

Pongtep Suntigul
Pailin Suntigul

Abstract

Traditional social welfare systems, which primarily focus on alleviating immediate hardships and providing assistance to the poor and disadvantaged, have increasingly come under scrutiny regarding their fiscal efficiency and effectiveness. Although such approaches were once effective, they have become less suited to address the challenges emerging from rapidly shifting economic and social contexts. These include transformations in mode of production, the rapid advancement of digital technologies, and significant demographic shifts to complete aged society. These changes have given rise to unprecedented social issues and heightened expectations that public welfare spending should actively contribute to economic development. In response, the concept of social investment welfare has been introduced as a new paradigm, emphasizing the role of social welfare in fostering human capital and promoting long-term economic growth. This model has been adopted across several European countries as a strategy to align social welfare with economic development objectives and to mitigate the fiscal burden on the state.

Downloads

Download data is not yet available.

Article Details

Section
Academic article

References

พงษ์เทพ สันติกุล. (2567). ทฤษฎีสวัสดิการสังคม. สำนักพิมพ์มหาวิทยาลัยธรรมศาสตร์.

Bacon, R., & Eltis, W. (1978). Britain's economic problem: too few producers (Vol. 2). Macmillan.

Clasen, J., & Clegg, D. (2006). Beyond activation reforming European unemployment protection systems in post-industrial labor markets. European Societies, 8(4), 527-553.

Cronert, A. (2023). Effects and explanations of active labour market policy: theoretical and empirical challenges for cross-national research. In Handbook of Labour Market Policy in Advanced Democracies (pp. 343-359). Edward Elgar Publishing.

Esping-Andersen, G. (1990). The three worlds of welfare capitalism. Princeton University Press.

Esping-Andersen, G. (2002). Why we need a new welfare state. Oxford University Press.

Garritzmann, J. L., Häusermann, S., & Palier, B. (2023). Social investments in the knowledge economy: the politics of inclusive, stratified, and targeted reforms across the globe. Social Policy & Administration, 57(1), 87-101. https://doi.org/10.1111/spol.12874

Giddens, A. (1998). The Third Way: the renewal of racial democracy. Polity Press.

Giddens, A. (1999). Risk and responsibility. The Modern Law Review, 62(1), 1-10. https://doi.org/10.1111/1468-2230.00188

Goijaerts, J., van der Zwan, N., & Bussemaker, J. (2023). Health and the social investment state. Journal of European Public Policy, 30(5), 828-848. https://doi.org/10.1080/13501763.2022.2038239

Hemerijck, A. (2011). Two or three waves of welfare state transformation?. In Morel, N., Palier, B., & Palme, J. (Eds.). Towards a social investment welfare state?: ideas, policies and challenges. (pp. 33-60). Policy Press.

Hemerijck, A. (2013). Changing welfare states. Oxford University Press.

Hemerijck, A. (2018). Social investment as a policy paradigm. Journal of European Public Policy, 25(6), 810-827. https://doi.org/10.1080/13501763.2017.1401111

Jenson, J. (2009). Lost in translation: the social investment perspective and gender equality. Social Politics, 16(4), 446-483. https://doi.org/10.1093/sp/jxp019

Jenson, J. (2012). Redesigning citizenship regimes after neoliberalism: moving towards social investment. In Morel, N., Palier, B., & Palme, J. (Eds.). Towards a social investment welfare state?: ideas, policies and challenges. (pp. 61-87). Policy Press.

Kuitto, K. (2016). From social security to social investment? compensating and social investment welfare policies in a life-course perspective. Journal of European Social Policy, 26(5), 442-459. https://doi.org/10.1177/0958928716664297

Leoni, T. (2016). Social investment: a guiding principle for welfare state adjustment after the crisis?. Empirica, 43, 831-858. https://doi.org/10.1007/s10663-016-9348-0

Midgley, J. (1999). Growth, redistribution, and welfare: Toward social investment. Social Service Review, 73(1), 3-21. https://doi.org/10.1086/515795

Midgley, J. (2017). Social investment: Concepts, uses and theoretical perspectives. In Social investment and social welfare (pp. 13-32). Edward Elgar Publishing.

Nelson, M., & Stephens, J. D. (2012). Do social investment policies produce more and better jobs?. In Morel, N., Palier, B., & Palme, J. (Eds.). Towards a social investment welfare state?: ideas, policies and challenges. Policy Press.

Nyssens, M. (2007). Social enterprise at the crossroads of market, public policy and civil society. In Social Enterprise (pp. 329-344). Routledge.

OECD. (2019). OECD employment outlook 2019: the future of work. OECD Publishing. https://doi.org/10.1787/9ee00155-en

Skuciene, D. (2021). Lithuanian active labour market policy in 2009-2020: a social investment perspective. Labor et Educatio, 9, 153-167. https://doi.org/10.4467/25439561LE.21.010.15364

Sustainable policies in an ageing Europe. a human capital response. (2006). Institute for Future Studies.

Taylor-Gooby, P. (2008). The new welfare state settlement in Europe. European Societies, 10(1), 3-24. https://doi.org/10.1080/09571260701526964

Taylor-Gooby, P. (2004). New risks, new welfare: the transformation of the European welfare state. Oxford University Press.

Titmuss, R. M. (1974). Social policy: an introduction. Allen & Unwin.

Towards a social investment welfare state?: ideas, policies and challenges. (2012). Policy Press.

Yunus, M. (2010). Building social business: the new kind of capitalism that serves humanity's most pressing needs. Public Affairs.

Wilthagen, T., & Tros, F. (2004). The concept of ‘flexicurity’: a new approach to regulating employment and labour markets. Transfer: European Review of Labour and Research, 10(2), 166-186. https://doi.org/10.1177/102425890401000204