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Abstract
Over the past two decades, many welfare states have experienced a combination of low economic growth and rising unemployment, concurrent with increasing pension and health care obligations, which has exacerbated government budget deficits. Some analysts forecast that for a number of welfare states these problems will worsen in the future. Their fiscal problems, in particular, present welfare state policy makers with the dilemma of attempting to fund redistribution schemes consistent with the ideal of a secure egalitarian society while at the same time remaining competitive in a ‘new economy’ that places a premium on competition, innovation, and flexible labour and product markets.
Thus, an important issue has emerged: what types of reforms are required to enable welfare states to preserve sustainability? For the purpose of this study, a sustainable welfare state is one that can remain the guarantor against social risks and adverse economic trends for all segments of their respective societies and satisfy sound fiscal criteria (such as the Maastricht requirement for all members of the EMU that their fiscal budget deficit does not exceed 3% of the GDP), without imposing considerable financial burdens on future generations.
'Deeply rooted in a sound political economy analysis, this book is a must both for those who are still faithful to some sort of welfare state and for pro-market hardliners.' —Wladimir Andreff, Professor at the University of Paris, Centre d’Economie de la Sorbonne (CNRS), Vice-President of the French Economic Association
This book explores an important, emergent issue: what types of reforms are required to enable welfare states to preserve sustainability? For the purpose of this study, a sustainable welfare state is one that can remain the guarantor against social risks and adverse economic trends for all segments of their respective societies and satisfy sound fiscal criteria (such as the Maastricht requirement for all members of the EMU that their fiscal budget deficit does not exceed 3% of the GDP), without imposing considerable financial burdens on future generations.
James Angresano is Professor of Political Economy at Albertson College, Idaho.
Table of Contents
| Section Title | Page | Action | Price |
|---|---|---|---|
| Cover | 1 | ||
| Front Matter\r | 2 | ||
| Half Title \r | 2 | ||
| Anthem Studies in Development and Globalization \r | 3 | ||
| Title \r | 4 | ||
| Copyright \r | 5 | ||
| Dedication \r | 6 | ||
| Contents\r | 8 | ||
| Acknowledgements\r | 10 | ||
| Preface: Whose Welfare?\r | 12 | ||
| Notes\r | 24 | ||
| Main Body\r | 26 | ||
| Chapter 1. The Contemporary Welfare State: The Issue of Sustainability \r | 26 | ||
| Notes\r | 61 | ||
| Chapter 2. The Case of Sweden: From Deep Recession to Favourable Economic Performance\r | 64 | ||
| Notes\r | 114 | ||
| Chapter 3. The Case of New Zealand: Liberalizing the Welfare State, with Mixed Results\r | 116 | ||
| Notes\r | 145 | ||
| Chapter 4. The Case of the Netherlands: Gradual Reform with Social Cohesion Maintained\r | 146 | ||
| Notes\r | 181 | ||
| Chapter 5. The Case of France: 'Il y a une éxception Francaise?' | 184 | ||
| Notes\r | 246 | ||
| Chapter 6. Summary and Conclusions \r | 250 | ||
| Notes\r | 278 | ||
| End Matter\r | 280 | ||
| References | 280 | ||
| Glossary\r | 292 | ||
| Index\r | 294 |