January 29th - Key concepts on welfare, public welfare and the Welfare State

Welfare State

A political and societal achievement that provides various forms of welfare services, originating from the late 1940s, with effects on political economy.

Conceptualization

The process of categorizing and organizing ideas to better understand political phenomena.

Human Development Index (HDI)

A measure of well-being across three dimensions: health (life expectancy), knowledge (years of schooling), and standard of living (gross national income per capita).

Welfare

Access to economic resources, a high level of well-being, and capabilities to ensure a good life, including avoiding poverty.

Economic Resources

Material means available to individuals and families that contribute to their welfare and well-being.

Social Protection

Policies designed to protect individuals from economic and social vulnerabilities, including cash benefits and social insurance.

Welfare Regime

The articulation of welfare programs and institutions, including state, market, and family roles in providing social security.

Cash Benefits

Monetary transfers provided to individuals or families to support welfare.

Social Insurance

A system of protection for individuals against economic risks, funded through contributions.

Market Forces

Economic drivers that determine the supply and demand of goods and services, often needing modification by political action for social needs.