The aim of this volume – which is a reprint by the Regional Programme Political Dialogue Asia/Singapore - is to clarify the concept of Social Market Economy in terms of economic and social policy and its political implementation. On the one hand, it is an attempt to retrace the origins and basic principles of the Social Market Economy. On the other, it presents the different forms of Social Market Economy, the need for adaptation in the light of recent challenges, the objections to Social Market Economy and its prospects as a future economic and social system.