Retirement Challenge – A Perspective for Emerging Markets
By Nadeem Jeddy (Independent)
The West offers valuable lessons in managing retirement challenge but their experience needs to be contextualized for a vastly different sociopolitical environment of the emerging markets. This has important implications for aggregating retirement pools to build scale, investment model of firms, boundary for public sector role and solutions for income security. The article describes the differences in sociopolitical context, reviews some important Western lessons and then proceeds to outline the key features of a sustainable retirement path for the emerging markets. The emerging markets should adopt newer ideas and avoid legacy systems of the West. The retirement challenge builds up slowly and there are no quick painless fixes. Preventive action should be taken decades in advance.
Source: SSRN
