Cold War in Welfare: Stock Markets Versus Pensions - Couverture rigide

Minns, Richard

Couverture rigide

ISBN 10 : 1859846254 ISBN 13 : 9781859846254

Editeur : Verso Books, 2001

Synopsis

A new Cold War has developed between competing blocs of countries over the role of financial markets versus the state in the provision of pensions and the financing of the economy generally.

An Anglo-American bloc, which has spread into South America, Australia, Canada and Japan, favors private pension investment on stock markets. Proponents of this approach argue that it will be much more efficient and provide capital for corporate growth. A European bloc, which covers most European countries other than the UK, favours state provision and a much smaller role for stock markets in pensions' provision and in corporate relations with the financial sector. This model is, unsurprisingly, under threat from the World Bank, financial markets, and many senior academics in the US and Britain.

This book is the first to analyse comprehensively this situation. It argues that social provision and corporate relationships with the financial sector are inextricably linked, and moreover that the expansion of private pensions through stock markets has all the attendant consequences for the control of companies by investors on those markets who want to maximize individual financial returns as opposed to corporate growth. Indeed, the book comes to the conclusion that many of the arguments used in support of the Anglo-American approach are based not on improving pensions and economic growth but rather on how to promote stock markets themselves, a decidedly different matter.

A propos du livre

À propos de l'auteur

Richard Minns is a researcher on pension funds and an international economic development adviser. He is a visiting fellow at Sheffield University and the London School of Economics. His books include Pension Funds and British Capitalism.

Détails de l'édition

• Éditeur: Verso Books
• Date d'édition: 2001
• Langue: anglais
• ISBN 10: 1859846254
• ISBN 13: 9781859846254
• Reliure: Relié
• Nombre de pages: 240
• Coordonnées du fabricant: non disponible
• Personne responsable: Terminal Video; n.pederzini@terminaldistribuzione.com; ; Via Bruno Buozzi, 24/26,; Granarolo dell'Emilia BO,; Italie