Socialist Welfare in a Market Economy: Social Security Reforms in Guangzhou, China. By Nelson Chow and Yuebin Xu. [Aldershot: Ashgate, 2001. 145 pp. £37.50. ISBN 0-7546-1699-1.]

2002 ◽  
Vol 170 ◽  
pp. 477-502
Author(s):  
Dorothy J. Solinger

This slim volume, sliced into two equal parts, delivers a valuable service to those interested in China's incipient social security system. The first half offers a faithful and detailed recounting of the progressive, if regularly amended, movement of welfare provision (as marketization and lay-offs both proceed apace) away from one based upon disbursal by the firm to one grounded upon societal pooling (a goal far from having yet been met). It begins in 1985, and takes the story up to 1998.

Significance In January, President Rodrigo Duterte with congress’s support ordered pensions benefits under the government-run Social Security System (SSS) to be boosted by 1,000 pesos per month (19.3 dollars), with another 1,000-peso boost scheduled for 2022 or earlier. However, planned increases to contributions have been delayed. Impacts Employers and labour unions could unite against the planned pension reforms. The 2019 mid-term congressional elections could delay social security reforms. Confidence in the Duterte administration’s economic credentials could falter.


1998 ◽  
Vol 47 (3) ◽  
Author(s):  
C. Christian von Weizsäcker

AbstractA “Social Market Economy” in the spirit of Ludwig Erhard is quite different from the present day economy which I call the Status Quo Economy. The Social Market Economy is substantially more deregulated, has a much smaller social security system, and a higher rate of innovation. It is argued that a transition to a “Social Market Economy” could raise the income of all income strata. Therefore using the Rawls criterion of justice, the Social Market Economy is more just than the Status Quo Economy, even though inequality is likely to be larger.


SAGE Open ◽  
2021 ◽  
Vol 11 (3) ◽  
pp. 215824402110376
Author(s):  
Gentian Qejvanaj

Pension policy reform in post-communist countries received attention from most international organizations since the early 1990s. Accordingly, Albania has implemented comprehensive liberalization and privatization of the state sector since transitioning to a market economy. This study will look at the impact that the European Union (EU), the World Bank, and the International Monetary Fund had in guiding the Albanian state-run social security system toward principles of decentralization, liberalization and privatization. Specifically, social security reforms between 2009 to 2019 will be examined, along with a focus on the side-effect of the conditions imposed by the three organizations. A mixed-method including literature review and secondary data analysis will empirically evidence growing inequality, with senior citizens poverty rate sharply rising due to reforms in social security. Our conclusions will argue that closer ties with the EU will keep social security in its current form, as the EU does not push for a specific pension system, while the World Bank policy influence will lose ground, thus freeing Albania from periodic social security reforms.


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