scholarly journals Economic Transition Process and Kosovo Pension Reform System

2016 ◽  
Vol 6 (1) ◽  
pp. 80
Author(s):  
Nexhmedin Shaqiri
Keyword(s):  
Economic System ◽  
System Integration ◽  
Global Economy ◽  
Economic Transition ◽  
Pension System ◽  
Pension Reform ◽  
Transition Process ◽  
System Model ◽  
System Reform ◽  
The World

This article aims to study the Kosovo economic transition process and its impact on the Pension system reform. The study will focus on; model of new economic building system (market liberalization, economic recovery, the concept of entrepreneurship development, system integration of economic trends in the global economy, privatization and transformation of property, social welfare, social justice), etc. During this study different theories on the transition process in the economy will be used, as well as theories on reforming the pension system in the world, which affirm the sustainability of the construction of the new economic and pension system. Methods used will serve to draw relevant conclusions as follow; heuristic, descriptive, historical, comparative, statistical. The hypothesis of this study is, "Impact of the economic reform system in Kosovo and its results in the construction of the new sustainable pension system model." Through this study conceptual changes to the economic system will be put forward, dealing with socialist and liberal philosophy, as different concepts of economic development, the role of the state or the market as a regulator of the economic system. In particular, attention is paid to the new pension system in Kosovo; the causes for reform of the pension system, reforming the pension system, the basic goals of the reform of the pension system, the types of pensions systems in the world, the conceptual basis of the construction of the pension system in Kosovo, the principles of the reform of the pension system, the regulatory framework of the new pension system in Kosovo, advantages and challenges of multi pillar pension system model, the model used for Kosovo's pension system, pension schemes in Kosovo, the efficiency of the new pension system in Kosovo, comparing the new pension system in Kosovo with pension systems of other countries in the region.

DEMOGRAPHIC, SOCIAL AND ECONOMIC DETERMINANTS OF THE PENSION REFORM PAYMENT PLAN OF THE PENSION SYSTEM BASED ON TRANSFER OF CAPITAL FROM OPF FUNDS TO IPA

2017 ◽  
Vol 5 (1) ◽  
pp. 108-126
Author(s):  
Dariusz Prokopowicz
Keyword(s):  
Economic Policy ◽  
Social Insurance ◽  
Pension System ◽  
Pension Reform ◽  
Negative Impact ◽  
Stock Exchange ◽  
System Reform ◽  
Economic Determinants ◽  
Reform Plan ◽  
Capital Construction

The article describes the demographic, social and economic determinants of the capital reform plan of the pillar of the pension system based on the transfer of capital from Open Pension Funds to the Individual Pension Accounts system. The purpose of the planned pension reform is to improve the efficiency of the capital pillar of the pension system. Reform should also counteract the negative impact of demographic change, i.e. the aging process, on the public finances of the participatory pension system managed by the Social Insurance Institution. From mid-2016, the Ministry of Development had present the "Capital Construction Program", that is an important pillar of economic policy developed in Poland in 2017, at press conferences organized by the Warsaw Stock Exchange. The main assumptions of this economic policy are laid down in the so plan for responsible development.

CityLab

2018 ◽  
Vol 37 (2) ◽  
pp. 213-235 ◽  
Author(s):  
Lindsay Thompson ◽  
Richard G. Milter ◽  
Keyword(s):  
United Nations ◽  
Economic System ◽  
Global Economy ◽  
Graduate Program ◽  
Management Education ◽  
Learning Experience ◽  
Social Sector ◽  
Leadership Roles ◽  
The World ◽  
Sustainable Economy

This paper outlines the academic architecture of CityLab as graduate program course initiative and Principles of Responsible Management Education (PRME) capstone exemplar. When the United Nations launched the Millennium Goals in 2000 to focus global development on humanity rather than GDP, the Global Compact was launched as a collateral effort, challenging business, government, and social sector leaders to transform the global economic system. In 2007, the Six PRME focused on business schools, challenging them to reorient their curricula towards preparing students to lead the world in building “an inclusive and sustainable economy.” CityLab is an example of innovating the learning experience and challenging learners to take leadership roles in efforts to enhance the value of livable cities as the foundation of an inclusive and sustainable global economy for the Urban Century.

scholarly journals The Impact of Fiscal Conservatism ; A Case Study of the 2007 National Pension System Reform in Korea

2019 ◽  
Vol 4 (No. 1 Apr 2019) ◽  
pp. 17-38
Author(s):  
Jai Seop Lee
Keyword(s):  
Structural Transformation ◽  
Pension System ◽  
Pension Reform ◽  
Influential Factors ◽  
System Reform ◽  
Theoretical Assumption ◽  
Internal Contradiction ◽  
The Impact ◽  
Fiscal Conservatism

This research intends to identify the influential factors in the 2007 National Pension System (NPS) reform in Korea (the Republic of Korea) which drove the NPS toward a structural transformation. This research also examines the applicability of the theory of Clemens and Cook (1999) to the Korean policy shift, who argue that the innate driving force of a policy, an internal contradiction, can be a critical source of structural policy change. A literature review based case study was carried out in this research. The findings are as follows. Firstly, rising fiscal conservatism was the main determinant of the 2007 NPS structural reform. The processes and conditions of the reform documented were: the fiscal conservatism embedded in NPS generated serious policy problems and led to an accumulation of the internal contradictions within NPS by raising the question on its fundamental policy goal. As time passed without any self-correction mechanism with respect to the problematic policy, the NPS lost credibility in the eyes of the public and also lost policy legitimacy. At the same time, there was a competing policy alternative to the NPS. This was the universalistic tax-based Basic Old-Age Pension System. This has been a challenge to NPSin that it had been designed based on the social insurance financing principle. The pre-conditions for the structural NPS reform were fully complete and they could be exploited by self-interested political parties in the following policy-making stages. Secondly, the theoretical assumption that the internal contradiction of a policy can be a decisive power for structural transformation, as suggested by Clemens and Cook (1999) among others, was proven to be theoretically and practically accurate in the Korean public pension reform case.

scholarly journals A review of existing pension services in developed and developing countries

2021 ◽  
Vol 258 ◽  
pp. 05040
Author(s):  
Zafar Beknazarov ◽  
Davron Rustamov
Keyword(s):  
Developing Countries ◽  
Global Economy ◽  
Pension System ◽  
Developed Countries ◽  
The World ◽  
Developing And Developed Countries

This paper examines the experience of organizing the pension system in developing and developed countries and develops recommendations for further improving the national pension system considering the specifics of the global economy. Besides that this paper aims at briefly comparing the indicators of average pensions in the world.

scholarly journals Reform of Healthcare and Pension Systems in Chile (Conclusions for Poland)

2011 ◽  
Vol 14 (2) ◽  
pp. 41-60
Author(s):  
Ryszar Piasecki
Keyword(s):  
Health Reform ◽  
Pension System ◽  
Pension Reform ◽  
Public Hospitals ◽  
Medical Doctors ◽  
The Public ◽  
Pension Systems ◽  
Public Pension System ◽  
The World ◽  
State Subsidies

Health reform in Chile attemps to improve healthcare of the citizens. The authorities of the country managed to combine both the private (ISAPRE) and public systems FONASA). The biggest success was the creation of AUGE (state subsidies for 66 diseases). The unsolved problems are as follows: long waiting lists and shortages of beds in public hospitals, shortage of medical doctors and specialists. As far as the pension reform is concerned Chile was the first state in the world which in 1981 totally privatized the public pension system. Unfortunately, the fruit of changes in Chile is less optimistic (extremely low pensions) than it was initially assumed. According to specialists the only chance for a correct work of the pension system is introduction of the system which would combine two forms, i.e. a state intergenerational agreement and capital system.

養老領域中的代際衝突與代際公平——基於儒家倫理的視閾

2019 ◽  
Vol 17 (1) ◽  
pp. 11-28
Author(s):  
Jue WANG
Keyword(s):  
Social Insurance ◽  
Pension System ◽  
Pension Reform ◽  
Global Perspective ◽  
Policy Implications ◽  
Confucian Ethics ◽  
System Reform ◽  
Ethical Perspective ◽  
Generational Equity ◽  
Intergenerational Contract

LANGUAGE NOTE | Document text in Chinese; abstract also in English.從世界範園看，代際公平早已經是一個與養老金改革、醫療資源配置等問題深度捆綁的核心議題。代際公平危機首先凸顯在養老金赤字上，並進一步危及到社會養老保險制度的公平性，危及到養老保障制度的基礎－－代際契約。就倫理層面而言，如何在老齡化的壓力重構代際契約成為決定代際公平辯論走向的關鍵。本文擬簡述目前在代際公平辯論中佔主導地位的解釋範式，並批判性地審查其倫理意蘊與局限性。在此基礎上，本文擬提供一種基於儒家倫理思想的替代性的解釋範式。本文試圖論證儒家倫理及其蘊含的代際契約不僅為解決代際公平問題提供了新的思路，而且也為當前中國養老制度改革提供一些重要的政策建議。From a global perspective, generational equity has long been a core issue in pension reform and medical resource allocation. Indeed, discussion of generational equity involves a financial crisis related to pension deficits and the fairness of the pension system, which is a crisis that threatens the ethical foundation of the social insurance institution, i.e., the intergenerational contract. From an ethical perspective, how to reconstruct the intergenerational contract under the pressure of aging is crucial to the debate on generational equity. This study critically examines the dominant framework of the debate on generational equity and proposes an alternative interpretation framework based on Confucian ethics. Finally, this study argues that Confucian ethics and the interpretation of the intergenerational contract not only shed new light on the issue of generational equity but also provide important policy implications for the current pension system reform in China.DOWNLOAD HISTORY | This article has been downloaded 33 times in Digital Commons before migrating into this platform.

Privatization of pension system in Chile and formation of new pension orthodoxy

2019 ◽  
pp. 40-54 ◽  
Author(s):  
Denis V. Melnik ◽  
Mikhail I. Miryakov
Keyword(s):  
Economic Policy ◽  
Latin America ◽  
Pension System ◽  
Pension Reform ◽  
Soviet Bloc ◽  
Actual Performance ◽  
Theoretical Concepts ◽  
Pension Systems ◽  
Design And Implementation ◽  
The World

In 1981 in Chile the Pinochet regime reformed the state-led PAYG pension system into the private pension system. Chilean experiment attracted the attention of both politicians and experts around the world and laid the foundations for the new pension orthodoxy. As a result, more than 30 countries (mostly in Latin America and in the former Soviet bloc) followed the Chilean model and privatized pension systems. The paper considers the design and results of the Chilean pension reform. The aim of the paper is to show the specific path of transformation of theoretical concepts into actual economic policy. The research provides two key results. The first is that although pension reforms of recent decades were influenced by the ideas of liberalism, their design and implementation in fact suited the pattern of the new paternalism characteristic of “neoliberalism”. The second is that implementation of the Chilean model in other countries was due to the persuasiveness of the discourse of the new pension orthodoxy rather than to actual performance of the Chilean pension system.

Rozwój cywilizacji kapitalistycznej w perspektywie teorii systemu-świata

2017 ◽  
Vol 15 (15) ◽  
pp. 66-89 ◽  
Author(s):  
Tomasz Pawłuszko
Keyword(s):  
Sixteenth Century ◽  
Economic System ◽  
Global Economy ◽  
System Analysis ◽  
World System ◽  
Division Of Labour ◽  
Point Of View ◽  
International Division ◽  
The World ◽  
Political Economic

Article explores the issue of genesis and development of the „world-system analysis” and focuses on its approach to the proces of globalization. From the point of view of world-system analyses the global economic system has emerged since the sixteenth century. For centuries global economy has been based on the international division of labour. It creates a new kind of „capitalistic civiliation”. This paper aims to discuss the development of theoretical framework of the world-system analysis. Besides, I try to outline contemporary scientific and political-economic challenges for the concept of capitalistic civilization.

scholarly journals Containing climate change: The new governmental strategies of catastrophic environments

2020 ◽  
pp. 251484862090238
Author(s):  
Nicholas Beuret
Keyword(s):  
Climate Change ◽  
Economic System ◽  
Global Economy ◽  
World Economy ◽  
The Political ◽  
Political Choice ◽  
The World ◽  
To Come ◽  
Dangerous Climate Change

The only existing plans to arrest dangerous climate change depend on either yet to be invented technologies to keep us below 2°C or on crashing the world economy for decades to come. The political choice appears to be between doing what is scientifically necessary or what is politically realistic; between shifting to an entirely different kind of global socio-economic system or suffering catastrophe. We are thus in a moment of governmental impasse, caught between old and still-emerging political rationalities. Working through the liminal governmental role of environmental non-governmental organisations, this paper explores the shift from governmental regimes centred on biopower to ones that work through the register of geopower, from governing life to governing the conditions of life. Confronted with climate change as an irresolvable problem, what we find emerging are techniques that aim to contain the worst effects of climate change without fundamentally transforming the global economy.

ANALYZING THE EFFICIENCY OF PENSION REFORM: THE ROLE OF THE WELFARE EFFECTS OF FISCAL CLOSURES

2016 ◽  
Vol 21 (5) ◽  
pp. 1205-1234 ◽  
Author(s):  
Krzysztof Makarski ◽  
Jan Hagemejer ◽  
Joanna Tyrowicz
Keyword(s):  
Pension System ◽  
Pension Reform ◽  
Welfare Effects ◽  
System Reform ◽  
Defined Benefit ◽  
Defined Contribution ◽  
Dc System ◽  
Intergenerational Redistribution ◽  
The Way

Replacing the pay-as-you-go defined benefit (PAYG DB) system with an at least partially funded defined contribution (DC) system generates fiscal costs that need financing. The fiscal closures at hand differ by the channel and the extent of distortions. The main contribution of this paper is a thorough comparison of the welfare effects of the various fiscal closures of the pension system reform. In addition, we decompose the welfare effects to the parts attributable to changing the way pensions are financed (PAYG ⇒ prefunding) and to changing the way pensions are computed (DB ⇒ DC). We show that depending on the fiscal closure, the welfare effects differ substantially for the same pension system reform. The financing of the the pension system gap with public debt allows more intergenerational redistribution.

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