Many countries have experienced major economic changes since the mid-1980s as a result of the deregulation and liberalization of national financial systems – two key aspects of globalization – with some experiencing boom and bust in rapid succession. The small Northern European country of...

The rapidly aging populations of many developed countries--most notably Japan and member countries of the European Union--present obvious problems for the public pension plans of these countries. Not only will there be disproportionately fewer workers making pension contributions than there are...