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View stunning SlideShares in full-screen with the new Android app!View stunning SlideShares in full-screen with the new iOS app!
“ Beveridge, like most of his contemporaries, was committed to full employment, delivered by Keynesian demand management. The assumption of enduring full employment held good during the 1940s and 1950s . . . [but] began to come apart as early as the 1970s. . . . Today the assumption has completely broken down. Globalisation has placed a premium on workers with the skills and knowledge to adapt to advancing technology.”
“… [the third way] looks to develop a wide-ranging supply side policy, which seeks to reconcile economic growth mechanisms with structural reform of the welfare state [because] in the information economy, human (and) social capital becomes central to economic success…”