The Small Welfare State
Show Less

The Small Welfare State

Rethinking Welfare in the US, Japan, and South Korea

Edited by Jae-jin Yang

In a period of rapid change for welfare states around the world, this insightful book offers a comparative study of three historically small welfare states: the US, Japan, and South Korea. Featuring contributions from international distinguished scholars, this book looks beyond the larger European welfare states to unpack the many common political and institutional characteristics that have constrained welfare state development in industrialized democracies.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 8: The development of functional equivalents to the welfare state in post-war Japan and South Korea

Dokyun Kim


Based on a new understanding of functionally equivalent policy, this chapter conducts an exploratory level analysis on the question of why policy methods (i.e. functional equivalents) outside of social policies in post-war Japan and South Korea ended up taking on social policy roles. The development of functional equivalents in Japan and Korea is closely related to a fiscal strategy based on private savings rather than free market ideology within the context of industrialization. This fiscal strategy left little room for social policies based on taxation to develop, but left plenty of room for various functional equivalents. Although the proportion of functional equivalents decreased with the end of state-led industrialization, the path-dependency created by the unique developmental fiscal strategies still contribute to the continuity of the small welfare state by limiting the use of tax-and-spend policy.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.