Financing social investment for an economy of well-being: Moving from good practices to a paradigm shift. EPC Policy Brief 16 July 2019

Dhéret, Claire and Pilati, Marta (2019) Financing social investment for an economy of well-being: Moving from good practices to a paradigm shift. EPC Policy Brief 16 July 2019. [Policy Paper]

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Abstract

High levels of public debt, pressure on government expenditures, and existing financial regulations are some of the existing barriers to increasing the level of social investment in Europe. However, given the long-term challenges the European Union (EU) is facing, increased efforts in deploying social investment strategies are needed now more than ever. Such strategies imply investing in people’s capabilities and social infrastructures, but also in social innovation and the delivery process of public goods and social outcomes. This is crucial to address current market failures in the social sector and to ensure that existing investment can prompt greater levels of social cohesion and territorial convergence.

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