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Social Security in South Korea and Singapore: Explaining the Differences
Author(s) -
Ramesh M.
Publication year - 1995
Publication title -
social policy and administration
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.972
H-Index - 63
eISSN - 1467-9515
pISSN - 0144-5596
DOI - 10.1111/j.1467-9515.1995.tb00466.x
Subject(s) - social security , social insurance , face (sociological concept) , government (linguistics) , economics , politics , economic growth , development economics , social protection , economic policy , public economics , business , political science , sociology , market economy , social science , linguistics , philosophy , law
The paper sets out statutory social security arrangements in Korea and Singapore and then explains the differences between them. It finds that while Korea has a relatively advanced social security system based primarily on social insurance, Singapore has a patchwork of programmes based on forced saving, tax allowance, public assistance, and public insurance schemes run along commercial lines. Moreover, the increasing share of government expenditure devoted to social security in Korea stands in sharp contrast to the declining share in Singapore. The paper accounts for the variations in terms of the different economic objectives of the two states and the different international and societal constraints they face. In contrast to South Korea * which has rapidly established an elaborate set of income maintenance and health care programmes, Singapore continues to resist expansion of such programmes. The objective of this paper is to describe the social security programmes in the two countries and then explain why the supposedly similar political economies have pursued entirely different social security strategies. The paper will argue that to understand the variations, we need to examine the varying economic objectives of the two states and the different international and societal constraints they face.