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When Markets Fail : Social Policy and Economic Reform by Ethan B. Kapstein; Branko Milanovic is a book available to read on EtoBox.

What is When Markets Fail : Social Policy and Economic Reform about?

The sweeping political and economic changes of the past decade—including the spread of democracy, pro-market policies, and economic globalization—have dramatically increased the demand in developing countries for social programs such as unemployment compensation, pensions, and income supplements for the poor. When Markets Fail examines how emerging market economies in Eastern Europe, Latin America, North Africa, and the Middle East are shaping their social policies in response to these changes. The contributors—leading scholars of development and social policy—use detailed case studies to examine whether the emerging economies are likely to move toward European-style welfare systems, characterized by high unemployment benefits and large entitlements, or if they will opt for more austere, stripped-down welfare regimes. They find that much will depend on how well emerging economies perform economically, but that the political forces, ideological preferences, and historical backgrounds of each country will also play a decisive role. In his chapter on Central and Eastern Europe, Peter Lindert focuses on how aging populations and the fall of communism have fostered increased need for so

Author

Ethan B. Kapstein; Branko Milanovic

Publisher

Russell Sage Foundation Publications

Published

2002

Language

EN

ISBN

9781610443272

Subjects

Political Science, Science, Social Science