Pension Fund Capitalism: The Privatization of Pensions in Developed and Developing Countries

This book explores the origins and consequences of pension fund capitalism, which has spread worldwide since 1981, focusing on its privatization in Chile and other developed and developing countries. It provides a critical analysis of the driving forces behind privatization, its forms and tools, and the risks and costs associated with private pensions. The book also examines the experiences of Poland as an example of a country where privatization failed completely. It is a valuable resource for academic researchers, students, and professionals interested in understanding the problems arising from pension privatization and its potential reversal.

Format: Hardback
Length: 170 pages
Publication date: 11 April 2022
Publisher: Taylor & Francis Ltd

This comprehensive book delves into the intricate origins and far-reaching consequences of a phenomenon known as pension fund capitalism, which has gained global traction since 1981, when Chile fully privatized its pension system. The author sheds light on the driving forces behind this privatization movement, exploring its various forms and practical tools employed. Additionally, the book addresses the risks and costs associated with private pensions, providing valuable insights for readers. Furthermore, the reader gains a comprehensive understanding of the experiences of developed countries, such as the United States, Canada, Australia, and Germany, as well as Latin American and Eastern European nations, in their journey toward pension privatization.

Particular emphasis is placed on Poland as an example of a country where this privatization initiative failed spectacularly. This book serves as a profound source of reflection on the outcomes, economic and social implications, and potential reversal of pension privatization. It is an invaluable resource for academic researchers and students of economics, finance, social, and political sciences, as well as professionals engaged in shaping or influencing economic and social policy.

The book offers valuable insights into the complexities of pension fund capitalism and its impact on societies worldwide. By examining the origins, forms, and consequences of this privatization trend, it empowers readers to understand the challenges and opportunities arising from this transformative process.

Dimension: 234 x 156 (mm)
ISBN-13: 9781032078601