Countries worldwide all vie to attract inward investment based on their competitive and comparative advantages in various sectors. Few countries stand out however in how they use skills as a key incentive to get foreign direct investment – Singapore and Ireland for example. Developing countries, however, tend to focus their efforts mainly on “creating” an ecosystem that appeals … [Lee más...] about Skills: The New Push to Attract Investment
The aging process of the population in Latin America and the Caribbean will only accelerate in the coming decades. We will need to revise the retirement age in our countries in line with demographic change to guarantee reasonable retirement amounts and the financial sustainability of pensions. Raising retirement age allows us to broaden the contribution base and, at the … [Lee más...] about Is it possible to establish a fair retirement age? What the world experience says
One of the great dilemmas facing countries around the world is to define a pension system that is financially sustainable in the face of increasing life expectancy, falling fertility rates and the consequent lack of generational replacement. Globally, pension reforms in countries with more advanced aging processes have focused on implementing parametric reforms and … [Lee más...] about In search of financially sustainable pension systems: three benchmark models
It is at work that one finds true happiness. Fyodor Dostoevsky In Latin America and the Caribbean, we are at a critical moment to rethink how work and its rewards - such as our pensions- can guarantee the happiness that Fyodor Dostoevsky spoke of, but in the later stages of our lives. The large increase in life expectancy expected in the coming decades for the … [Lee más...] about Life annuities: an opportunity for innovation in Latin America and the Caribbean
Latin America and the Caribbean is on its way to becoming an “aged” region. United Nations population projections leave no room for doubt: in the coming decades, the region will face a scenario of low birth rates and increasing longevity, which will put pension systems at risk. By 2050, the region's population structure will no longer be shaped like a pyramid but like a column, … [Lee más...] about Pensions: What can we learn from countries with more advanced aging processes?