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Economic Effects of Welfare - Essay Example

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The main purpose of the essay was to appraise the proceedings as to how nations utilize their economy on welfare development.Social and economic soundness is desirable by each and every individual in any society. Welfare provided by government helps individuals to meet their basic necessities of life…
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Economic Effects of Welfare
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Economic Effects of Welfare

Download file to see previous pages... In a research by Severine and Shahani, An Introduction to the Human Development and Capability Approach: Freedom and Agency, it is found that welfare helps individuals to meet their needs and alleviate poverty. Data was collected through a survey. Findings revealed that economic well-being of individuals helped economic growth and macroeconomic stability. This research concluded that welfare of individuals support them to do what they can and expand their capabilities. Goodin in his study, The Real Worlds of Welfare Capitalism, analyzed percentage of GDP spent on welfare programs and economic indicators. Data were collected through annual statistics records. The study analyzed whether low expenditure on welfare leads to better performance of economy or not.  The results showed that United States was spending less that 21% of GDP on welfare programs while others were spending more. On analysis of economic indicators of both countries, it was found that indicators of United States were not performing well as compared with other countries. It concluded that welfare lead to progress and development of economy. Kenworthy (1119-1139) conducted a research Do social-welfare policies reduce poverty? A cross-national assessment, to find whether there is any evidence of relationship between welfare policies and poverty by collecting data using quantitative technique. Kenworthy also investigated that how these variables operate in different countries. These welfare programs have positive impact on economic conditions of developing countries as they spend more for welfare. A research by Sen (13-34) "The Perspective of Freedom" In Development as Freedom, found that while welfare system enhances capabilities of an individual, it also helps them to participate in success of society. ...Download file to see next pagesRead More
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Economic Effects of Welfare
Economic Effects of Welfare. Social and economic soundness is desirable by each and every individual in any society. Welfare provided by government helps individuals to meet their basic necessities of life and live peacefully. These welfare activities have great impact on economy of a country whether it’s a developed country or a developing one.
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Welfare State and Dependency: An Inevitable Consequence? Welfare dependency is one of the most popular themes in today’s policy research. Much has been written and said about the role which welfare states play in the development of public dependencies. In other words, citizens in welfare states no longer imagine their lives without state support.
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However, this goes against the ethos of consumerism, in which the possession of bigger and better material goods - car, house, TV, is equated with happiness, leading to a pattern of excessive consumption. In economic terms, therefore, consumerism can be explained as, "Economic policies placing emphasis on consumption, and, in the abstract sense, the belief that the free choice of consumers should dictate the economic structure of society" (Wikipedia).
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Moreover, supporters of this policy argued that the policy will ensure that welfare recipients are accountable for the help they receive (Schaberg 568). However, this policy is largely irrelevant as it unfairly assumes that welfare recipients
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