What social model are we heading for?
Analysis of the World Bank’s ‘new social contract’
It has been said and it has been repeated: social policies have been the major victims of neoliberal globalisation. During the past forty years, attention for social protection and social development, everywhere, shifted towards ‘poverty reduction’, the IMF’s (International Monetary Fund) and the World Bank’s prescriptions continuously implied cuts in social spending and targeted policies in the South, while ‘austerity’ was introduced in the North with negative consequences on welfare states and labour law.
The changing world of work and the fundamental societal changes – migration, ageing, women on the labour market – recently gave rise to some timid discussions on social protection. The only real debate that took place in the North concerned the possible introduction of a ‘Universal Basic Income’, a basically liberal idea that almost inevitably would make an end to welfare states.[1]
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