Social Investment as a New Paradigm of Social Policy

• Authors: Iveta Dudová
• Languages of publication: EN

Abstracts

EN

The objective of this paper is to evaluate the importance and potential benefits of social investment, particularly during times of economic imbalance. Social investment represents a new paradigm of social policy and a new approach to the economic challenges we are currently facing. The investigation concludes that this concept is based mainly on modernizing Europe’s social protection systems to ensure their sustainability, while enabling them to respond to new social needs. In times of crisis, the concept of social investment allows it to be seen in a new context as a new opportunity, because the crisis puts pressure on European countries to change their social models. In terms of long-term social policy, there must be a collective investment strategy that shapes the ability of individuals and families so that they can cope with new social risks and new economic conditions. A social investment pact should promote a positive path for the development of public policies in a situation where European states are facing budget deficits and a debt crisis. The modernizing of social policy requires that decisions on funding are led by results ex ante and systematically address the role of social policies in the various stages of an individual’s life.

Keywords

EN

Social Investment; Social Policy; New Social Risks; Human Capital; Social Investment Pact

• Publisher: Sciendo
• Journal: DANUBE: Law and Economics Review
• Year: 2013
• Volume: 4
• Issue: 3
• Pages: 231-242

Dates

published

2013-09-01

online

2013-10-08

Contributors

author

Iveta Dudová

• School of Economics and Management in Public Administration in Bratislava, Furdekova 16, 85104 Bratislava, Slovakia.

References

• Delors. J. and Dollé, M. (2009). Manifeste pour une politique sociale - Investir dans le social. Paris: Odile Jacob.
• Esping-Andersen, G., Gallie, D., Hemerijck, A. and Myles, J. (2002). Why We Need a New Welfare State. Oxford: Oxford University Press.
• European Commission. (2013). Investing in Social Europe. Luxembourg: Publications Office of the European Union.
• Giddens,A., Diamond, P. and Liddle, R. (2006). Global Europe, Social Europe. Cambridge: Polity Press.
• Schlotter, M., Schwerdt, G. and Wößman, L. (2008). The Future of European Education and Training Systems: Key Challenges and Their Implications. EENEE Analytical Report No. 3 prepared for the European Commission.
• Vandenbroucke, F., Hemerijck, A. and Palier, B. (2011). The EU Needs a Social Investment Pact. OSE Paper Series, Opinion paper No. 5, May 2011.
• Wößmann, L. and Schütz, G. (2006). Efficiency and Equity in v European - Education and Training Systems.EENEE Analytical Report No. 1 prepared for the European Commission.

Identifiers

DOI

10.2478/danb-2013-0012