eBook

Privatizing Pensions

Mitchell A . Orenstein

2008

Overview

To what extent do international organizations, global policy networks, and transnational policy entrepreneurs influence domestic policy makers? Have we entered a new phase of globalization that, unbeknownst to most citizens, shapes policies that used to be the sole domain of domestic politics?Privatizing Pensionsreveals how international institutions--such as the World Bank, USAID, and other transnational policy actors--have played a seminal role in the development, diffusion, and implementation of new pension reforms that are transforming the postwar social contract in more than thirty countries worldwide, including the United States. Mitchell Orenstein shows how transnational actors have driven change in a policy area once thought to be beyond reform in many countries, and how they have done so by deploying their unique resources and legitimacy to promote new ideas, recruit disciples worldwide, and provide a broad range of technical assistance to government reformers over the long term. He demonstrates that while domestic decision makers may retain veto power over these reforms--which replace traditional social security with individual pension savings accounts--transnational policy makers play the role of \"proposal actors,\" shaping the information, preferences, and resources of their domestic clients. Privatizing Pensionsargues that even the most quintessentially domestic areas of policy have been thoroughly globalized, and that these international influences must be better understood.

• Publisher: Princeton University Press,Princeton Univ. Press
• Subject: Activism / Akezhan Kazhegeldin / Asset management / Austerity / Central bank / Centre-right politics / Centrism / Coalition government / Comparative Politics / Competition (economics) / Debt-to-GDP ratio / Declaration of Philadelphia / Democratic peace theory / Developed country / Development aid / Domestic policy / Economic forces / Economics / Externality / Federal Insurance Contributions Act tax / Fund administration / Global governance / Government bond / Government policy / Health care reform / Historical institutionalism / Indexation / Interessenpolitik / Interest groups / International Monetary Fund / Internationale Beziehungen / Investment fund / Lobbying / Management fee / Monetarism / Monetary policy / National security / Neoliberalism / New Laws / Pension / Pension fund / Pension schemes / Pensions / Pensions -- Government policy / Pensions crisis / Phare / Policy / Policy entrepreneur / Political agenda / Political economy / POLITICAL SCIENCE / POLITICAL SCIENCE / Globalization / POLITICAL SCIENCE / Public Policy / General / POLITICAL SCIENCE / Comparative Politics / Poverty reduction / Pretax Earnings / Privatization / Privatization in the United States / Profession / Public Policy / Quiet Revolution / Regional policy / Rentenfinanzierung / Rentenpolitik / Rentenreform / Replacement Rate / Right-wing politics / Securities commission / Social insurance / Social liberalism / Social protection / Social security / Social security -- Government policy / Social security financing / Social Security Trust Fund / Subsidy / Supermajority / Tax / Tax advantage / Tax incidence / Think tank / Transnationalism / United Nations Development Programme / United States Agency for International Development / Washington Consensus / Welfare / Welfare state / Welt / World Bank / World Bank Group
• ISBN: 9780691136974, 0691136971, 0691132887, 9780691132884, 1400837669, 9781400837663