The global welfare system

Abstract

The aim of this paper is to review the welfare system in several countries worldwide and make a comparison between the European welfare system and other similar systems on different continents. Even though the European welfare system has been studied and analysed in the economic literature, there is a lack of analysis regarding the welfare system on continents like Asia, America or Australia. It is therefore the purpose of this paper to try and update the information available regarding how the welfare state has developed not just in Europe, but on a global scale, determined by key factors like a globalized economy, a well-developed information system and a workforce free to travel.