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Social Investment after Neoliberalism: Policy Paradigms and Political Platforms
Christopher Deeming1, Paul Smyth2
1School of Geographical Sciences , University of Bristol , UK
The study examines Australia's social investment strategies from 2007-2013, highlighting the shift towards productive social policy and inclusive growth. It assesses achievements and challenges within the neoliberal framework.
Area of Science:
- Social Policy Analysis
- Political Economy
- Australian Politics
Background:
- The 'social investment state' concept emphasizes the productive role of social policy, moving beyond social protection.
- Distinguishes between 'heavy' Nordic and 'light' Liberal social investment models.
- Australia's Labor government (2007-2013) prioritized social investment and inclusive growth to address disadvantage.
Purpose of the Study:
- To critically assess the adoption and implementation of social investment in Australia between 2007 and 2013.
- To analyze the achievements of social investment policies under the Labor government.
- To explore the constraints and processes influencing social investment reform within a neoliberal context.
Main Methods:
- Policy analysis of the Australian social investment agenda during the 2007-2013 Labor government.
- Examination of the inclusive growth approach in the Australian context.
- Critical assessment of the effectiveness and limitations of social investment strategies.
Main Results:
- Social investment and inclusive growth were central to Australia's policy agenda from 2007-2013.
- Analysis reveals both achievements and the significant constraining role of economic and political circumstances.
- Identifies ongoing tensions in pursuing distinct social investment strategies within a neoliberal state.
Conclusions:
- The Australian experience (2007-2013) demonstrates the complexities of implementing social investment policies.
- Leftist parties face distinct challenges in enacting social investment reforms within existing neoliberal structures.
- Further research is needed to understand the long-term impact and distinctiveness of 'social investment' approaches.
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