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Gordon L. Clark

European Pensions & Global Finance (Economics & Finance)

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ISBN: 0199253633
Издательство: Oxford University Press
Год издания: 2003
Book DescriptionThis book is about the demographic and funding crises that threaten continental Eurpoean 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; Eurpoean 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 Eurpoean 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 Eurpoean notions of social justice.