Chapter 2 Building markets
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Contrary to the common belief that markets, and social policy institutions are opposed to each other, social policy institutions in East Asia are designed to help build them. In order to understand how, it first discusses why we must see 'capital accumulation' as an underpinning motive behind the introduction of social policy in East Asia. This is followed by how this motive is built into the design of major social programmes. In doing so, it is useful to unpack a wide range of goals embedded in them. Particularly important is the ways in which specific aspects of social policy institutions have developed to help build markets. By establishing a greater degree of ideational institutional coherence between individual social policy institutions and the national narrative, social policy institutions provide meanings and purposes for state actions.

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