The advantages and disadvantages of different social welfare strategies

The following was delivered by the author to the High Level American Meeting of Experts on The Challenges of Social Reform and New Administrative and Financial Management Techniques. The meeting, which took place September 5-7, 1994, in Mar del Plata, Argentina, was sponsored by the International Social Security Association at the invitation of the Argentine Secretariat for Social Security in collaboration with the ISSA Member Organizations of that country.