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Book Sections Year : 2022

Toward a Worldwide View on the Politics of Social Investment


Welfare states around the globe are changing, challenged by the development of knowledge economies. In many countries, policymakers’ 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. This 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 socioeconomic 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. The second volume focuses on inter-regional variation of social investment reforms. Jointly, the project offers the first worldwide analysis of social investment reforms around the globe.
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hal-03716313 , version 1 (07-07-2022)



Julian Garritzmann, Silja Häusermann, Bruno Palier. Toward a Worldwide View on the Politics of Social Investment. Oxford University Press. The World Politics of Social Investment: Volume I, 1-58, Oxford University Press, 2022, Welfare States in the Knowledge Economy, ⟨10.1093/oso/9780197585245.001.0001⟩. ⟨hal-03716313⟩
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