Whither Welfare States? The Lessons from Fast‐Growing East Asian Emerging Economies and the Grameen Bank Model

Ataul Huq Pramanik (Professor, Department of Economics, International Islamic University Malaysia)

Humanomics

ISSN: 0828-8666

Publication date: 1 February 2000

Abstract

The concept of welfare state gained popularity during the period when the free market mechanism already established its pre‐eminence. The free market mechanism of the west together with the personal freedom being nurtured in an environment of democratic political institutions led to the emergence of the welfare state. The reason why the welfare state gained popularity during the period when the industrialized world was enjoying economic prosperity was because of the growing need for protecting the rights of citizens from any unforseen events regardless of their existing socio‐economic conditions.

Citation

Huq Pramanik, A. (2000), "Whither Welfare States? The Lessons from Fast‐Growing East Asian Emerging Economies and the Grameen Bank Model", Humanomics, Vol. 16 No. 2, pp. 3-18. https://doi.org/10.1108/eb018850

Publisher

:

MCB UP Ltd

Copyright © 2000, MCB UP Limited

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