Social investment policy involves intervening early to reduce the cost to the state from at-risk groups. But a purely fiscal approach to social welfare ignores the systemic causes of poverty and need.
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New Zealand is not unique – health systems in most high-income countries are under stress. But that’s no reason to question the viability of the publicly-funded system in general.
The local and international track record of social investment funds and social impact bonds is far from convincing. A better-resourced public sector would be a simpler solution.
There’s a lot of evidence to suggest South Africa should grow its impact investment market.
New Zealand’s coalition government in its first budget has treated public policies as investments, with the goal of improving social and environmental outcomes.
Top contributors
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Professor of Human Geography, University of Auckland, Waipapa Taumata Rau
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Lecturer, Stellenbosch University
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Professor of Public Policy, Monash University; Australia and New Zealand School of Government (ANZSOG)
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Academic in the Department of Business Management., Stellenbosch University
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Professor of Public Health, University of Otago
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Tim Tenbensel is a Friend of The Conversation.
Professor of Health Policy, University of Auckland, Waipapa Taumata Rau
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Professor of Health Economics, University of Auckland, Waipapa Taumata Rau
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Associate Professor of Hauora Māori, University of Otago
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Professor of Law, John and Marylyn Mayo Chair in Health Law, University of Auckland, Waipapa Taumata Rau
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Executive Dean, Bond Business School, Bond University
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Professional Teaching Fellow in Social Work, University of Auckland, Waipapa Taumata Rau