"Two contemporary issues provide reason to focus on national saving and investment: the debate over public pensions, and pensions more generally, in all rich countries; and the large global current account imbalances, conceptually the difference between national savings and domestic investment. Are we all saving enough to provide adequate retirement income for rapidly ageing populations—especially Americans, whose household savings seems to have disappeared altogether in 2005? And are the countries with large external deficits—notably the United States—mortgaging the income of future generations inappropriately, not to mention courting financial calamity in the meantime?" Source: Weatherhead Center for International Affairs, Harvard University
Download full PDF Report
No comments:
Post a Comment