The Politics of Social Investment in the Knowledge Economy: Analytical Insights from a Global Comparison (Chapter 16)
Abstract
This concluding chapter summarizes what the authors have learned from the global comparison of welfare reform strategies in general and social investment strategies in particular. Drawing on all chapters of both volumes of the World Politics of Social Investment Project, it first offers a typology of how to differentiate, characterize, and systematize nine types of social investment strategies—and why this differentiation is crucial for the politics of social investment. Second, the chapter draws comparative analytical insights on the role of key driving factors of social investment politicization and reform: social demands, collective actors, socioeconomic factors, as well as institutional factors. The authors answer the questions, under what conditions are actors protagonists, antagonists, or consenters of (different kinds of) social investment, and under what conditions do different factors foster, slow, or hinder welfare reforms? The chapter ends with a predictive outlook on “most likely” and “least likely” constellations for successful and sustainable social investment reforms.
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