Tuesday, September 23, 2008
[IWS] WEF: THE FUTURE OF PENSIONS & HEALTHCARE IN A RAPIDLY AGEING WORLD -- SCENARIOS TO 2030 [23 September 2008]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
World Economic Forum (WEF) in collaboration with Mercer
The Future of Pensions and Healthcare in a Rapidly Ageing World Scenarios to 2030 [23 September 2008]
http://www.weforum.org/pdf/scenarios/Pensions.pdf
[full-text, 115 pages]
Press Release 23 September 2008
Scenarios for the future of pensions and healthcare in rapidly ageing world
http://www.weforum.org/en/media/Latest%20Press%20Releases/FDS08PR
Geneva, Switzerland 23 September 2008 The world is ageing at an unprecedented rate. This will undermine the financial sustainability of not only traditional pension systems, but also conventional healthcare systems. A new report from the World Economic Forum argues that urgent action in many countries around the globe is required to meet these challenges.
The World Economic Forum's report, < http://www.weforum.org/en/initiatives/Scenarios/FinancingDemographicShifts/index.htm > the Future of Pensions and Healthcare in a Rapidly Ageing World Scenarios to 2030, released today, indicates that new forms of collaboration between key stakeholders individuals, financial institutions, healthcare providers, employers and governments will be critical to finance the ongoing well-being of current and future generations in a sustainable manner.
"The ageing of our societies is one of the most profound challenges that the world is facing today. New solutions are required to afford adequate and accessible retirement and healthcare services for the world's ageing population in 2030 and beyond," said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum. (< http://www.youtube.com/watch?v=53yY6TETNnM&eurl=http://www.weforum.org/en/initiatives/Scenarios/FinancingDemographicShifts/index.htm > watch a five-minute interview with the co-authors of the report, Bernd Jan Sikken, Associate Director, Financial Institutions; Head of Project Management, Centre for Global Industries, and Chiemi Hayashi, Associate Director, Scenario Planning Team, both of the World Economic Forum.)
The World Economic Forum's report takes an innovative approach to the analysis, describing three thought-provoking scenarios to 2030. The scenarios are designed to challenge current thinking, create new insights, facilitate the debate between key decision-makers and provide momentum for action.
The Winners and the Rest, the first scenario, is a world in which global economic growth delays the financial consequences of the emerging demographic crisis. Despite growing liabilities from ageing populations, most governments are able to maintain scaled-back versions of existing social security systems, which they do as a matter of political expediency. However, amid growing inequality and underinvestment in the public sector, such systems are seen as increasingly inadequate by those forced by low incomes to rely on them, creating a conflict-ridden climate of "The Winners and the Rest" on a global scale.
We Are in This Together, the second scenario, is a world distinguished by a concerted effort on behalf of leaders and electorates to rein in growing inequality and reassert the idea of collective responsibility and accountability for social services. In this world, growth is moderate, but lower than expected returns on capital are compensated for by an emphasis on finding innovative, efficient and inclusive ways to manage the financial implications of the demographic shift, including family- and community-based solutions.
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
World Economic Forum (WEF) in collaboration with Mercer
The Future of Pensions and Healthcare in a Rapidly Ageing World Scenarios to 2030 [23 September 2008]
http://www.weforum.org/pdf/scenarios/Pensions.pdf
[full-text, 115 pages]
Press Release 23 September 2008
Scenarios for the future of pensions and healthcare in rapidly ageing world
http://www.weforum.org/en/media/Latest%20Press%20Releases/FDS08PR
Geneva, Switzerland 23 September 2008 The world is ageing at an unprecedented rate. This will undermine the financial sustainability of not only traditional pension systems, but also conventional healthcare systems. A new report from the World Economic Forum argues that urgent action in many countries around the globe is required to meet these challenges.
The World Economic Forum's report, < http://www.weforum.org/en/initiatives/Scenarios/FinancingDemographicShifts/index.htm > the Future of Pensions and Healthcare in a Rapidly Ageing World Scenarios to 2030, released today, indicates that new forms of collaboration between key stakeholders individuals, financial institutions, healthcare providers, employers and governments will be critical to finance the ongoing well-being of current and future generations in a sustainable manner.
"The ageing of our societies is one of the most profound challenges that the world is facing today. New solutions are required to afford adequate and accessible retirement and healthcare services for the world's ageing population in 2030 and beyond," said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum. (< http://www.youtube.com/watch?v=53yY6TETNnM&eurl=http://www.weforum.org/en/initiatives/Scenarios/FinancingDemographicShifts/index.htm > watch a five-minute interview with the co-authors of the report, Bernd Jan Sikken, Associate Director, Financial Institutions; Head of Project Management, Centre for Global Industries, and Chiemi Hayashi, Associate Director, Scenario Planning Team, both of the World Economic Forum.)
The World Economic Forum's report takes an innovative approach to the analysis, describing three thought-provoking scenarios to 2030. The scenarios are designed to challenge current thinking, create new insights, facilitate the debate between key decision-makers and provide momentum for action.
The Winners and the Rest, the first scenario, is a world in which global economic growth delays the financial consequences of the emerging demographic crisis. Despite growing liabilities from ageing populations, most governments are able to maintain scaled-back versions of existing social security systems, which they do as a matter of political expediency. However, amid growing inequality and underinvestment in the public sector, such systems are seen as increasingly inadequate by those forced by low incomes to rely on them, creating a conflict-ridden climate of "The Winners and the Rest" on a global scale.
We Are in This Together, the second scenario, is a world distinguished by a concerted effort on behalf of leaders and electorates to rein in growing inequality and reassert the idea of collective responsibility and accountability for social services. In this world, growth is moderate, but lower than expected returns on capital are compensated for by an emphasis on finding innovative, efficient and inclusive ways to manage the financial implications of the demographic shift, including family- and community-based solutions.
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 8:34 AM
