IDEAS home Printed from https://ideas.repec.org/a/cmj/networ/y2020i15p45-55.html

Can The Welfare State Be The Future Of The Global Economy?

Author

Listed:
  • Narmin BAGHIRZADE

    (The Károly Ihrig Doctoral School of Management and Business, University of Debrecen)

Abstract

Welfare states are results of the dysfunctionality of markets. The relationship between a state and a market can decide the size and the range of a welfare state. For political and institutional economists this is a quite interesting topic, in terms of differences between economic and political institutions across the world. Starting from the Bismarckian policies, welfare states are providing people with economic development and prosperity. It took time, nearly a century, to apply all of the components of welfare states to the global economy, but in the end, it gave the fruits. Likewise, recent surveys show that these components are attractive for Europeans, for example, universal access to education, healthcare, social security, and others. Even if there are numerous theories about the retrenchment of a welfare state, on the contrary, it continues to increase and expand the range. However, will it maintain the development in the future? With the Swedish case, it can be shown that, even if this question still needs much more time and investigation, one aspect is clear: a welfare state is on a solid basement and it will continue to grow.

Suggested Citation

  • Narmin BAGHIRZADE, 2020. "Can The Welfare State Be The Future Of The Global Economy?," Network Intelligence Studies, Romanian Foundation for Business Intelligence, Editorial Department, issue 15, pages 45-55, June.
    • Handle: RePEc:cmj:networ:y:2020:i:15:p:45-55
    as

    Download full text from publisher

    File URL: http://seaopenresearch.eu/Journals/articles/NIS_15_5.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Korpi, Walter, 2003. "Welfare State Regress in Western Europe: Politics, Institutions, Globalization and Europeanization," Working Paper Series 5/2003, Stockholm University, Swedish Institute for Social Research.
    2. Andreas Bergh & Martin Karlsson, 2010. "Government size and growth: Accounting for economic freedom and globalization," Public Choice, Springer, vol. 142(1), pages 195-213, January.
    3. Roger Congleton & Feler Bose, 2010. "The rise of the modern welfare state, ideology, institutions and income security: analysis and evidence," Public Choice, Springer, vol. 144(3), pages 535-555, September.
    4. Femke Roosma & John Gelissen & Wim Oorschot, 2013. "The Multidimensionality of Welfare State Attitudes: A European Cross-National Study," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 113(1), pages 235-255, August.
    5. Walter Korpi, 2000. "Welfare States, Economic Growth, and Scholarly Objectivity," Challenge, Taylor & Francis Journals, vol. 43(2), pages 49-66, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Manuel Carlos Nogueira & Mara Madaleno, 2021. "Is the Aurora Borealis an Inspiration to the Performance of Nordic Economic Sustainability?," Sustainability, MDPI, vol. 13(17), pages 1-22, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sabrina Auci & Laura Castellucci & Manuela Coromaldi, 2021. "How does public spending affect technical efficiency? Some evidence from 15 European countries," Bulletin of Economic Research, Wiley Blackwell, vol. 73(1), pages 108-130, January.
    2. Milan Zafirovski, 2022. "Some dilemmas of economic democracy: Indicators and empirical analysis," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 43(1), pages 252-302, February.
    3. Juhyun Oh, 2023. "The Effects of Local Government Expenditures on Carbon Dioxide Emissions: Evidence from Republic of Korea," Sustainability, MDPI, vol. 15(20), pages 1-15, October.
    4. Nazila Alinaghi & W. Robert Reed, 2021. "Taxes and Economic Growth in OECD Countries: A Meta-analysis," Public Finance Review, , vol. 49(1), pages 3-40, January.
    5. Christian Bjørnskov & Niklas Potrafke, 2012. "Political Ideology and Economic Freedom Across Canadian Provinces," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 38(2), pages 143-166.
    6. Timothy P Schofield & Peter Butterworth, 2015. "Patterns of Welfare Attitudes in the Australian Population," PLOS ONE, Public Library of Science, vol. 10(11), pages 1-14, November.
    7. Bernur Acikgoz & Anthony Amoah Author-Email: a.amoah@uea.ac.uk & Mine Yılmazer, 2016. "Economic Freedom and Growth: A Panel Cointegration Approach," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 63(5), pages 541-562, December.
    8. Phan The Cong & Hoang Khac Lich, 2017. "The Driving Forces of Economic Growth before and after the 2008 Global Financial Crisis," International Journal of Economics and Financial Issues, Econjournals, vol. 7(1), pages 575-582.
    9. Andreas Bergh & Magnus Henrekson, 2011. "Government Size And Growth: A Survey And Interpretation Of The Evidence," Journal of Economic Surveys, Wiley Blackwell, vol. 25(5), pages 872-897, December.
    10. Zimčík Petr, 2016. "Economic Growth and Budget Constraints: EU Countries Panel Data Analysis," Review of Economic Perspectives, Sciendo, vol. 16(2), pages 87-101, June.
    11. Niklas Potrafke, 2012. "Political cycles and economic performance in OECD countries: empirical evidence from 1951–2006," Public Choice, Springer, vol. 150(1), pages 155-179, January.
    12. Kim, Dong-Hyeon & Wu, Yi-Chen & Lin, Shu-Chin, 2018. "Heterogeneity in the effects of government size and governance on economic growth," Economic Modelling, Elsevier, vol. 68(C), pages 205-216.
    13. Marius R Busemeyer & Tobias Tober, 2015. "European integration and the political economy of inequality," European Union Politics, , vol. 16(4), pages 536-557, December.
    14. Seibel, Verena & Hedegaard, Troels Fage, 2017. "Migrants' and natives' attitudes to formal childcare in the Netherlands, Denmark and Germany," Children and Youth Services Review, Elsevier, vol. 78(C), pages 112-121.
    15. Iona, Alfonsina & Leonida, Leone & Limosani, Michele & Maimone Ansaldo Patti, Dario & Navarra, Pietro, 2024. "Does economic liberalization foster corporate investment? Theory and evidence from US and Canadian firms," Socio-Economic Planning Sciences, Elsevier, vol. 91(C).
    16. Halkos, George & Paizanos, Epameinondas, 2015. "Fiscal policy and economic performance: A review of the theoretical and empirical literature," MPRA Paper 67737, University Library of Munich, Germany.
    17. Cabib, Ignacio & Azar, Ariel & Baumann, Isabel & Biehl, Andr & Corna, Laurie & Mautz, Eric & Yopo-Díaz, Martina, 2025. "Gendered employment trajectories and later life health in liberal regime countries: A quantitative study in the United States, England, Switzerland and Chile," Health Policy, Elsevier, vol. 152(C).
    18. Bergh, Andreas & Bjørnskov, Christian, 2014. "Trust, welfare states and income equality: Sorting out the causality," European Journal of Political Economy, Elsevier, vol. 35(C), pages 183-199.
    19. Berggren, Niclas & Nilsson, Therese, 2015. "Globalization and the transmission of social values: The case of tolerance," Journal of Comparative Economics, Elsevier, vol. 43(2), pages 371-389.
    20. Marcin Błażejowski & Jacek Kwiatkowski & Paweł Kufel, 2020. "BACE and BMA Variable Selection and Forecasting for UK Money Demand and Inflation with Gretl," Econometrics, MDPI, vol. 8(2), pages 1-29, May.

    More about this item

    Keywords

    ;
    ;
    ;

    JEL classification:

    • D60 - Microeconomics - - Welfare Economics - - - General
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cmj:networ:y:2020:i:15:p:45-55. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Serghie Dan (email available below). General contact details of provider: https://seaopenresearch.eu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.