AbstractThis comment discusses two essential conditions in order to make the social investment strategy proposed by Hemerijck successful. First, a certain administrative capacity must be in place. This may be problematic in some southern European countries. Second, social investment policies must be designed and targeted so as to maximise returns. Empirical research on this aspect is arguably crucial in determining the success of the social investment strategy.
Keywords: Social investment, social policy, labour market policy, children, Southern Europe.