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European Pensions and Global Finance (Economics & Finance)
 
 
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European Pensions and Global Finance (Economics & Finance) [Hardcover]

Gordon L. Clark (Author)

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Book Description

0199253633 978-0199253630 March 27, 2003
This book is about the demographic and funding crises that threaten continental European systems of pension and retirement income. The author argues that state-sponsored social security will not deliver proised retirement incomes for the baby-boom generation; European monetary union and the imperatives of global finance has made such promises untenable thereby undercutting nation-state social soliarity. Globalization has set many challenges for European countries not least of which is prividing pension security for theor citizens. At the same time, global finance has opened-up options for corporations and individuals seeking alternatives to the past; but exercising those opportunities will come at a high cost for European notions of social justice.

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Editorial Reviews

Review


"European Pensions and Global Finance is a thought-provoking and lucid book. Drawing on research from a diverse range of fields ranging from sociology to geography to financial economics, Gordon Clark has succeeded in producing perhaps the best overall exposition of the key issues of governance and globalisation and their role in the evolution of pensions in Europe. This is a book which can and should be read by anyone who wishes to further their understanding of European pensions."--Mike Orszag, Head of Research, Watson Whatt; Chairman, Research Committee, International Network of Pension Regulators and Supervisors


About the Author


Gordon L. Clark is the Halford Mackinder Professor of Geography, Fellow of the Sa�d Business School, and Research Fellow of the Institute of Ageing at the University of Oxford, and is a Fellow of St Peter's College, Oxford. He is a member of the Panel of Academic Experts of the UK National Association of Pension Funds and a Governor of the Pensions Policy Institute.

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First Sentence:
There was a time, not so long ago, when the nation-state represented the boundaries of social life. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
pensions funding crisis, central reserve fund, private pension institutions, corporate pension liabilities, supplementary pension systems, retirement income provision, retirement income systems, social security liabilities, sector pension funds, pension fund capitalism, supplementary pensions, fund governance, comparative corporate governance, index firms, social security institutions, expected liabilities, retirement products, pension fund assets, pension assets, national pension systems, global finance, sector plans, international accounting standards, sector funds, demographic crisis
Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States of America, United Kingdom, Second World War, Deutsche Bank, European Commission, House of Commons, North America, World Bank, Arthur Levitt, Financial Accounting Standards Board, Maatschappij Drijvende Bokken, Bear Stearns, Canary Wharf, David Kynaston, European Central Bank, Financial Times, Merrill Lynch, Towers Perrin, World Trade Center
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