The Developmental Social Policy Standstill: Cash Payout Schemes Amid the Covid‐19 Pandemic in Four East Asian Economies

ABSTRACT In response to the Covid‐19 pandemic, the governments of Hong Kong, Taiwan, Japan, and South Korea implemented direct cash disbursements to citizens in 2020 and 2021. This paper assesses whether these near‐simultaneous universal cash payout schemes presage a broader transformation in the welfare paradigm of these East Asian economies, traditionally viewed as minimal‐welfare developmental states. Our analysis finds that economic stimulus, rather than social protection, was the primary objective in all four cases, even amid the public health crisis. This reflects a strong continuity with the policy responses adopted following the 2007/8 Global Financial Crisis. The underlying “productivist” welfare regimes remained largely unchanged and firmly rooted in the developmentalist, pro‐growth paradigm that has shaped these economies for decades. Accordingly, the adoption of universal cash payouts is best understood as a pragmatic policy adjustment to evolving political‐economic conditions, rather than evidence of a paradigmatic shift in welfare governance.