The future of the welfare state
Article Abstract:
The future of the Welfare State which has been severely impacted by the rise in social problems is examined. Countries that have adopted the Welfare State philosophy have undermined its original intentions by taking over an array of economic activities that could be better performed by a free market. Cost of Welfare State services will rise faster than rate of inflation and place even greater financial stress on governments. Possibility of reducing Welfare State services from middle class to poor are discussed. Use of loan guarantees and wage subsidies as a way to reduce inefficiencies and inequities are described.
Publication Name: Economic Journal
Subject: Economics
ISSN: 0013-0133
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Case study: designing state contingency funds as a Markov process
Article Abstract:
The creation of a contingency fund to be used as a hedge against tax revenue shortfalls is a useful idea with hazardous political consequences. The fund must not be too large to discourage budgetary restraint by the government. A study of the 35 states with contingency funds develops a model for determining the optimal size of a state contingency fund.
Publication Name: Managerial & Decision Economics
Subject: Economics
ISSN: 0143-6570
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
More Power to the State
Article Abstract:
The British government has allowed the Central Electricity Generating Board to take over the reactor- building role from semi-private National Nuclear Corporation, for efficiency reasons. However efficiency will not solve the problem of lack of orders. The government wants to promote nuclear power, but is reluctant to fund a reactor-building program.
Publication Name: Economist
Subject: Economics
ISSN: 0013-0613
Year: 1984
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Learning from the Reagan deficits. Learning and forgetting: the dynamics of aircraft production
- Abstracts: The Free Trade Area of the Americas: A Latin American perspective. Bilateral 'WTO-Plus' Free Trade Agreements: The WTO Trade Policy Review of Singapore 2004
- Abstracts: What can we know about the effects of IMF programmes? Can the IMF help low-income countries: a reply. Can the IMF help low-income countries? Experiences with its structural adjustment facilities
- Abstracts: Impact of DFI on the supply side of the Singapore economy: focusing on total factor productivity. Forest conservation and its effects on Peninsular Malaysian log supply
- Abstracts: The Drug Industry Moves from Discovery to Design. Planning beyond current conditions: SABIC moves ahead on petrochemicals