11. Privatizing Pensions
- Author:
- Leon Aron
- Publication Date:
- 07-2004
- Content Type:
- Policy Brief
- Institution:
- American Enterprise Institute for Public Policy Research
- Abstract:
- Perhaps more than any other structural market reform unfolding today in Russia, pension privatization epitomizes both the enormous progress achieved over the past decade and the equally huge obstacles still ahead on the road to "civilized" liberal capitalism. The reform highlights and tests the quality of key institutions and instruments central to such a system: transparency and liquidity of banks and mutual funds, probity and competence of state regulatory agencies, and stability of equity and bond markets.
- Topic:
- Economics, International Organization, and International Trade and Finance
- Political Geography:
- Russia, Europe, and Asia