Intergenerational economics

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  • The OECD is a unique forum where the governments of 30 democracies work together to address the economic, social and environmental challenges of globalisation. The OECD is also at the forefront of efforts to understand and to help governments respond to new developments and concerns, such as corporate governance, the information economy and the challenges of an ageing population. The Organisation provides a setting where governments can compare policy experiences, seek answers to common problems, identify good practice and work to co-ordinate domestic and international policies....

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  • In the past few decades, worldwide social, political, legal, ethical, cultural and technological forces have led to a globalization movement. Indeed, many efforts have been made in globalizing various economic areas, including global environmental protection, world trade agreements, global sustainable development, etc. However, there are many debates on globalization and its effects on the environment and/or sustainable economic growth around the globe.

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  • In this book we try to present a balanced overview of modern macroeconomic theory. We have adhered to two guiding principles in writing this book. First, we have adopted a rather eclectic approach by paying attention not just to the most recent insights in the field but also to developments that are currently less fashionable. In doing so we hope to provide the students with a better overview of current and past debates in macroeconomic theory.

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  • Deprivation and exclusion are one of the common phenomena in almost all-ageing societies. The elderly in the developing countries also suffer from chronic deprivation and poverty as socio-economic relations change. Studies on the livelihood pattern of the aged in Africa show that poverty among the elderly is one of the challenges in the new millennium (Williams, 2003).

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  • Intergenerational justice and development considerations also factor into the equation. In fact, in December 2007, at the opening of high-level inter governmental negotiations in Bali, Indonesia, UN Secretary-General Ban Ki-moon told ministers and Heads of State: “Climate change affects us all, but it does not affect us all equally. Those who are least able to cope are being hit hardest. Those who have done the least to cause the problem bear the gravest consequences.

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