Answering economic inequality other than with populism and protectionism: the Danish formula of inclusive capitalism.
EU politics have experienced vast changes since 2014 from the rise of anti-globalization populist right parties to Brexit. Similarly, populist and nationalist sentiments also appeared in some Southeast Asian democracies such as Taiwan and the Philippines. Despite their national and regional differen...
| Publicado en: | Asia Europe Journal Vol. 18; no. 1; pp. 139 - 156 |
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| Formato: | Artículo |
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Springer Nature
Mar2020
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=141597656&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 141597656 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 16102932 V96 jtl: Asia Europe Journal issn: 16102932 maglogo: N pubinfo: dt: Mar2020 vid: 18 iid: 1 pid: 237 pub: Springer Nature artinfo: ui: 141597656 10.1007/s10308-019-00538-2 ppf: 139 ppct: 17 formats: fmt: – @attributes: type: T – @attributes: type: P size: 617KB tig: atl: Answering economic inequality other than with populism and protectionism: the Danish formula of inclusive capitalism. aug: au: Luo, Chih-Mei affil: Department of Public Administration and Policy, National Taipei University, Taiwan, Republic of China su: Denmark Philippines Taiwan Capitalism Employment policy Equality Economic policy sug: subj: Capitalism Employment policy Equality Economic policy Denmark Philippines Taiwan ab: EU politics have experienced vast changes since 2014 from the rise of anti-globalization populist right parties to Brexit. Similarly, populist and nationalist sentiments also appeared in some Southeast Asian democracies such as Taiwan and the Philippines. Despite their national and regional differences, one common characteristic of these developments was that it was those left-behind and economically disadvantaged voters who delivered such results. Trade protectionism and populist nationalism were their answers to ever-growing economic inequality. The growing economic inequality thus has become a common policy challenge to both European and Asian leadership. While political and business elites appealed to inclusive capitalism to address the economic inequality, no holistic, realistic policy combination was ever proposed. This paper is an attempt to translate inclusive capitalism from aspiration to systematic policy actions by employing an Inclusive Development Index (IDI) to the study of an indicative country—Denmark. It was found that those areas which Denmark has been performing well in were areas surrounding acquired equal opportunities: quality public education, health and active labor market policies for developing personal capability from childhood to adulthood, and uncorrupted public services and business-friendly legal and tax regimes for facilitating market competition from business creation to operation, especially for small businesses. Governance was a key to the functioning of this self-producing policy ecosystem, centrally staged as a big investor and enabler for both labor and capital. The distinctive thinking underpinning policy-making—treating economic policies as social policies and vice versa—reconciled economic growth and distributive justice simultaneously, resulting in inclusive capitalism in day-to-day realities. The Danish formula has shown that it was not capitalism that needed to reform, it was the prevailing liberalist orthodoxy that guided governance that was in desperate need of an overhaul. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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