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The Grand Challenges of Social Welfare

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TLDR
In this paper, the interplay of social and market forces in order to achieve greater equality in a society has been discussed, and the resources necessary for providing these services can be a challenge particularly in developing countries which tend to face fewer sources of revenue, larger informal economies, and lower tax morale than developed countries.
Abstract
Economic inequality has been a dominant issue in political arenas across the world, and has taken on a different picture as globalization is gained speed. Welfare states can modify the interplay of social and market forces in order to achieve greater equality in a society. A government can provide private goods such as education and healthcare services, important resource entrepreneurs. These and other services, combined with greater entrepreneurial activity, can help to reduce income inequality. However, the resources necessary for providing these services can be a challenge, particularly in developing countries which tend to face fewer sources of revenue, larger informal economies, and lower tax morale than developed countries.

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Investigating the entrepreneurial intentions of social grant recipients in the cities of Johannesburg and Tshwane

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References
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Book

The Three Worlds of Welfare Capitalism

TL;DR: In this paper, Esping-Andersen distinguishes three major types of welfare state, connecting these with variations in the historical development of different Western countries, and argues that current economic processes such as those moving toward a post-industrial order are shaped not by autonomous market forces but by the nature of states and state differences.
Journal ArticleDOI

The great reversals: the politics of financial development in the twentieth century

TL;DR: In this paper, the authors propose an interest group theory of financial development where incumbents oppose financial development because it breeds competition. And the theory predicts that incumbents’ opposition will be weaker when an economy allows both cross-border trade and capital flows.
Journal ArticleDOI

What Makes an Entrepreneur

TL;DR: In this paper, the authors used various micro data sets to study entrepreneurship and found that the probability of self-employment depends positively upon whether the individual ever received an inheritance or gift, and that the self-employed report higher levels of job and life satisfaction than employees.
Journal ArticleDOI

The Great Reversals: The Politics of Financial Development in the 20th Century

TL;DR: In this paper, the authors propose an interest group theory of financial development where incumbents oppose financial development because it breeds competition, and the theory predicts that incumbents' opposition will be weaker when an economy allows both cross-border trade and capital flows.
Related Papers (5)
Trending Questions (3)
How is the social welfare policy important or challenging today?

Social welfare policies are crucial for addressing economic inequality by providing services like education and healthcare. Challenges include funding constraints, especially in developing countries with limited revenue sources.

What are the challenges face by international welfare?

The paper does not specifically mention the challenges faced by international welfare.

What are the challenges of general social service in youth welfare offices?

The provided paper does not specifically mention the challenges of general social service in youth welfare offices.