Varieties of Asian welfare capitalisms and the influence of globalization
| Autor: | Hironori Tohyama |
|---|---|
| Rok vydání: | 2015 |
| Předmět: |
021110 strategic
defence & security studies Health (social science) Sociology and Political Science media_common.quotation_subject 05 social sciences 0211 other engineering and technologies Financial integration 02 engineering and technology 0506 political science Globalization Order (exchange) 050602 political science & public administration Institution Openness to experience Economics Welfare capitalism Economic system Nexus (standard) Welfare Social Sciences (miscellaneous) media_common |
| Zdroj: | Journal of International and Comparative Social Policy. 31:51-73 |
| ISSN: | 2169-978X 2169-9763 |
| Popis: | Asian welfare capitalisms as well as advanced economies face the risks associated with globalization. In order to understand how Asian welfare capitalisms respond to globalization, it is essential to describe the institutional diversity of Asian welfare capitalisms and the welfare–risk nexus. This paper defines four types of Asian welfare capitalisms based on social spending data and investigates the welfare–risk nexus by focusing on globalization risks, such as a globalized production process, trade openness, and financial integration. The empirical results based on multiple factor analysis and cluster analysis clearly show that Asian welfare capitalisms are heterogeneous and that four clusters can be found in the welfare–risk nexus based on the dimensions present in Asian economies in the 2000s. This analysis stresses that globalization has different effects on these types of Asian welfare capitalisms according to their welfare–risk nexuses. |
| Databáze: | OpenAIRE |
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