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    Global aging: emerging challenges

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    This repository item contains a single issue of The Pardee Papers, a series papers that began publishing in 2008 by the Boston University Frederick S. Pardee Center for the Study of the Longer-Range Future. The Pardee Papers series features working papers by Pardee Center Fellows and other invited authors. Papers in this series explore current and future challenges by anticipating the pathways to human progress, human development, and human well-being. This series includes papers on a wide range of topics, with a special emphasis on interdisciplinary perspectives and a development orientation.Aging policy frameworks were devised during a demographic and economic context in which population aging seemed confined to wealthy nations. These countries could afford retirement policies that supported older workers, decreased unemployment among younger workers, and decreased family pressure to provide old age care. This calculation was based in part on failure to anticipate three demographic trends: continual decline in fertility below replacement rate, continual gains in longevity, and the rise of population aging in poor and “under-developed” countries. These three trends now fuel a sense of crisis. In the global North, there is fear that increasing numbers of older adults will deplete state pension and health care systems. In the global South, the fear is that population aging coupled with family breakdown” requires such state intervention. Natural disaster metaphors, such as “agequake” and “age-tsunami,” illustrate fears of a “graying globe” in which population aging implies population decay and economic destruction. Yet, global aging trends develop over decades and are not easily reversed. Longer-range trends can be addressed through revising policy frameworks to incorporate how growing old is moving from global exception to expectation. Alexandra Crampton was a 2008–2009 Postdoctoral Fellow at the Frederick S. Pardee Center for the Study of the Longer-Range Future and is currently Assistant Professor in the Department of Social and Cultural Sciences at Marquette University. Her scholarship and teaching bring an anthropological perspective to theoretical and practical questions on aging, social welfare policy, social work practice, negotiation, and alternative dispute resolution. She has presented her work for the American Anthropological Association, the Gerontological Society of America, the Council on Social Work Education, and the Society for Social Work Research. She holds a joint PhD in Social Work and Anthropology from the University of Michigan

    Emerging privacy challenges and approaches in CAV systems

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    The growth of Internet-connected devices, Internet-enabled services and Internet of Things systems continues at a rapid pace, and their application to transport systems is heralded as game-changing. Numerous developing CAV (Connected and Autonomous Vehicle) functions, such as traffic planning, optimisation, management, safety-critical and cooperative autonomous driving applications, rely on data from various sources. The efficacy of these functions is highly dependent on the dimensionality, amount and accuracy of the data being shared. It holds, in general, that the greater the amount of data available, the greater the efficacy of the function. However, much of this data is privacy-sensitive, including personal, commercial and research data. Location data and its correlation with identity and temporal data can help infer other personal information, such as home/work locations, age, job, behavioural features, habits, social relationships. This work categorises the emerging privacy challenges and solutions for CAV systems and identifies the knowledge gap for future research, which will minimise and mitigate privacy concerns without hampering the efficacy of the functions

    Emerging contours of financial regulation: challenges and dynamics.

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    The current ongoing financial crisis is attributed to a variety of factors such as the developments in the subprime mortgage sector, excessive leverage, lax financial regulation and supervision, and global macroeconomic imbalances. At a fundamental level, however, the crisis also reflects the effects of long periods of excessively loose monetary policy in the major advanced economies during the early part of this decade. The theory and belief of efficient and rational markets have been severely discredited by the current crisis. There is, therefore, a growing agreement for much strengthened, and perhaps, intrusive regulation and supervision in the financial sector. Hitherto unregulated institutions, markets and instruments will now have to be brought under the regulatory framework. A more developed macroprudential approach will be important. Once the current financial crisis is beyond us, minimum regulatory capital requirements would need to be signifi cantly above existing Basel rules, with emphasis on Tier I capital, and supported by a maximum gross leverage ratio. Liquidity regulation and supervision must be recognised as of equal importance to capital regulation, reinforced by an effective global liquidity framework for managing liquidity in large, cross-border fi nancial institutions. The issue of remuneration in the fi nancial sector would require reforms on an industry-wide basis so that improved risk management and compensation practices by some systemically important firms are not undermined by the unsound practices of others. Whereas the suggested reform principles are being increasingly well accepted, many challenges will arise on their modes of implementation, and their practicality. For instance, once normalcy returns, the fi nancial industry will do its utmost to resist the requirements for higher capital at that time. From the point of view of emerging market economies (EMEs), the volatility in capital flows – mainly the outcome of extant monetary policy regimes in developed countries – has led to severe problems in both macro management and financial regulation. This will remain a challenge since there is little international discussion on this issue. Finally, as the global economy starts recovery, a calibrated exit from the prevalent unprecedented accommodative monetary policy will have to be ensured to avoid the recurrence of the financial crisis being experienced now.

    Trade reform in Vietnam : opportunities with emerging challenges

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    In 1986 Vietnam initiated a transition from a centrally planned economy to a market-oriented economy where the government would keep playing a leading role. These renovation (doi moi) policies were successful at generating economic growth and reducing poverty. In the ten-year socioeconomic strategy endorsed by the Ninth Party Congress in April 2001, the authorities further articulated their development objectives in terms of economic growth and poverty reduction. To reach these objectives, the government indicated that its structural reform priorities were to change Vietnam's trade and financial policies, liberalize the climate for private investment, increase the efficiency of public enterprises, and improve governance. The author argues that the pace of implementation of trade reform-which has been impressive so far-is raising new challenges. On one side, fast liberalization of trade reform may soon conflict with the slow pace of implementation of other reforms, including restructuring of state-owned enterprises and state-owned commercial banks. On the other side, Vietnam would greatly benefit from fast implementation of trade reform and particularly fast accession to the World Trade Organization (WTO), especially after China's recent WTO accession. Auffret concludes that implementation of trade reform will be a testing ground to reveal the extent of Vietnam's commitment to a market-oriented economy.Environmental Economics&Policies,Trade Policy,Rules of Origin,Economic Theory&Research,Payment Systems&Infrastructure,TF054105-DONOR FUNDED OPERATION ADMINISTRATION FEE INCOME AND EXPENSE ACCOUNT,World Trade Organization,Economic Theory&Research,Environmental Economics&Policies,Trade and Services

    Doing business in emerging markets: roadmap for success

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    Entering an emerging market is not easy. In my experience in teaching this topic, consulting for several multinational corporations around the world, and being a practitioner myself, I find that emerging markets are tough to enter. Government interference, backward infrastructure, and a lack of skilled workers require a lot of patience, perseverance, and specialized assistance. Opportunities in the emerging markets come with their own set of challenges. For instance, often lack of education of the workforce translates into thwarted growth being curbed by a lack of a skilled workforce. Other challenges that arise are legal frameworks with regard to trade policies, which may be absent or underdeveloped, or tendencies for political paternalism or blatant interferences, which we see in India and Latin America. This paper provides basic business strategies for entering emerging markets.https://www.researchgate.net/publication/309764181_Doing_Business_in_Emerging_Markets_Roadmap_for_SuccessSupporting documentatio
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