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Reconciling Work and Poverty ReductionHow Successful Are European Welfare States?$
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Bea Cantillon and Frank Vandenbroucke

Print publication date: 2013

Print ISBN-13: 9780199926589

Published to Oxford Scholarship Online: April 2014

DOI: 10.1093/acprof:oso/9780199926589.001.0001

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Beyond Social Investment. Which Concepts and Values for Social Policy-making in Europe?

Beyond Social Investment. Which Concepts and Values for Social Policy-making in Europe?

(p.286) 10 Beyond Social Investment. Which Concepts and Values for Social Policy-making in Europe?
Reconciling Work and Poverty Reduction

Bea Cantillon

Oxford University Press

This chapter summarizes the main findings and put them into the perspective of the changed post-war balance between growth, employment and social inclusion. Clearly, the experience in the EU before the crisis is indicative of though trade-offs between employment-centred welfare reform, social investment and poverty reduction. Disappointing poverty trends in Europe not only signal structural difficulties of developed welfare states today to reduce income poverty, but also limitations of the newpolicy paradigm itself to overcome these deficiencies. Social investment entails the danger of instrumentalisation and undervaluation of social redistribution and of the underestimation of the trade-offs welfare states are confronted with. The new policy paradigm is an important stepping stone towards social progress on the condition that a better distribution of jobs, adequate social protection and care, effective social redistribution supported by social innovation are part and parcel of the investment strategy, and vice versa.

Keywords:   social investment, service sector trilemma, European social agenda, Lisbon strategy, disabled, Europe 2020, social protection, poverty, equal opportunities, Matthew effect, social innovation, welfare state, income distribution

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