This work proposes a new approach to welfare: a social policy that goes beyond simple income maintenance to foster individual initiative and self-sufficiency. It argues for an asset-based policy that would create a system of saving incentives through individual development accounts (IDAs) for specific purposes, such as college education, homeownership, self-employment and retirement security. In this way, low-income Americans could gain the same opportunities that middle- and upper-income citizens have to plan ahead, set aside savings and invest in a more secure future.

Social Policy in East and South East Asia provides the first systematic comparison of the policy sectors of income maintenance, health, housing and education in Hong Kong, South Korea, Singapore and Taiwan. It focuses particularly on the provision and financing arrangements of these four Asian newly industrialized economies and their outcomes in terms of adequacy, efficiency and equity, drawing on extensive primary research carried out by the author. Locating the importance of Asian social policies in the wake of the recent financial crisis in the region, this work provides a comprehensive analysis of the different types of welfare state in contemporary Asia.