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Social Policy Starts at Home

Summary:
By designing a policy package around the needs of contemporary families, political leaders can promote women’s rights, children’s development, and employment. The same policies would therefore be a boon to economic growth and poverty reduction. NEW YORK – Political economy has come a long way. Many figures and institutions that have long embraced neoliberalism increasingly recognize the failures of markets and acknowledge that states may have a role to play in improving socioeconomic outcomes. Even the International Monetary Fund now discusses the “macro-criticality” of social protection, the need for progressive taxation, and, potentially, universal transfers. The Case for a

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By designing a policy package around the needs of contemporary families, political leaders can promote women’s rights, children’s development, and employment. The same policies would therefore be a boon to economic growth and poverty reduction.

NEW YORK – Political economy has come a long way. Many figures and institutions that have long embraced neoliberalism increasingly recognize the failures of markets and acknowledge that states may have a role to play in improving socioeconomic outcomes. Even the International Monetary Fund now discusses the “macro-criticality” of social protection, the need for progressive taxation, and, potentially, universal transfers.

But the conversation – which focuses almost exclusively on coordination between state and market – remains too narrow to produce effective solutions. For that, as a new report by UN Women shows,...

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