By Robin Blackburn

ISBN-10: 1844678342

ISBN-13: 9781844678341

Publish 12 months note: First released in December 1st 2006

Most nations face the long run with an growing old inhabitants, but such a lot governments are decreasing on pensions and the care providers wanted via the aged. Robin Blackburn exposes the perverse reasoning and detailed pursuits that have mixed to provide this nonsensical scenario. This up to date paperback version of Age surprise contains a new preface explaining why the credits crunch and eurozone obstacle have had this sort of devastating effect and outlining how to warrantly respectable pensions and care provision.

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So long as both sides stuck to their fundamentally different assumptions, the room for common ground and compromise was simply never there. Japan’s counterattack ultimately proved to be effective in undermining America’s new revisionist assumptions, as described in Chapters 8 and 9. By 1996 the Clinton administration was already backing off from its initial desire for quantitative indicators and results. In part this was due to the effectiveness of Japan’s attack on revisionist arguments, and the surprisingly strong negotiating position it maintained through the end of the Framework talks.

10 Yet traditionalists did support efforts to liberalize the Japanese economy— just as they advocated freer trade everywhere. Efforts to remove barriers to trade were important because the principles of free trade held that the market should be allowed to operate unfettered. The traditionalists, however, did not believe that trade negotiations should be carried out on a sector-by-sector basis, but rather called for across-the-board liberalization efforts. Furthermore negotiations should not be bilateral in nature, but rather multilateral.

See Jervis (1970) on the ‘stickiness’ of perceptions. 11 Clinton and Japan At this point, a few concrete examples might clarify how this concept works in practice. When the North Korean economy began to collapse in the mid-1990s, the US government might have defined the issue as a humanitarian one, since estimates were that millions of North Korean civilians would die as the result. Or, policy makers might have conceived of the situation as an opportunity to end the Kim regime and solve nuclear proliferation concerns once and for all.

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Age Shock: How Finance Is Failing Us by Robin Blackburn

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