The Welfare State

Paper Summary:

This paper explains that modern, industrialized welfare states, such as the United Kingdom, Norway and Sweden, are all under threat. The author points out that the most important and serious challenges stem from the growing globalization of world commerce. The paper relates that concomitant with these challenges are changing social patterns and demographics, which also pose challenges.

From the Paper:

"The welfare state has faced many challenges in the recent past. Modern, industrialized welfare states such as the United Kingdom, Norway, and Sweden are all under threat from these challenges. The most important and serious challenges stem from the growing globalization of world commerce. Concomitant with these challenges are changing social patterns and demographics, which also pose challenges. As we will see, recent challenges are merely the continuation of threats that began to emerge due to the demise of Keynesianism and the rise of neo-liberalism. These created a foundation on which a plethora of serious challenges to the welfare state now stand."

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