Focusing on the developing economic challenges confronting Korea and the US in response to the aging of their populations, this timely book examines how public policies are evolving in light of demographic changes, the impact of aging on governmental expenditures, and transitions in the labor force associated with aging. International contributors comparatively analyze government approaches to population aging, illustrating the similar challenges faced across nations. Chapters draw attention to those particular issues that public policy plans must surmount, including funding pressures on retirement plans and the effects of an aging labor force on economic growth and productivity. They offer evidence on the scale of these challenges in Korea and the US and empirically evaluate how governments, employers, and individuals may respond to these issues in the years to come. Addressing fiscal sustainability and key social security programs, including the implications of the 2015 Korean pension reform and the economic difficulties entailed by the future of Medicare, this book investigates the implications of managing and sustaining welfare for an aging population. This cutting-edge book will be ideal reading for economists focusing on public policy and welfare programs, benefiting from the comparative approach to fiscal accountability and sustainability. It will also appeal to practitioners and policymakers seeking insights into the consequences of an aging population and hoping to develop innovative methods and approaches to welfare.

Recent events, such as capital flow reversals and banking sector crises, have shaken faith in the widely held belief in the benefits of greater financial integration and financial deepening, which are typical in advanced economies. This book shows that emerging economies have occasionally weathered the storm best, despite the supposed burden of 'weak institutions'. Written by leading scholars and practitioners, the authors demonstrate that a better policy framework requires reliable indicators of vulnerability to financial instability. Using empirical evidence and case studies, the twelve chapters stress the necessity of improved policy tools and automatic stabilizers that anticipate and limit the vulnerabilities to financial crises. Cross-border capital flows, international reserves and foreign exchange markets are covered in depth. This timely book offers an insightful overview and policy solutions to the issues surrounding macroprudential regulation of economies in a globalized world. It is required reading for students and scholars of international finance and regulation. Contributors include: S. Cho, R. Cifuentes, S. Claessens, S.R. Ghosh, M.S. Gochoco-Bautista, J.-H. Hahm, A. Jara, D. Jeong, K.-C. Jung, D. Kang, J. Lee, J.-E. Lee, A. Mason, A. Munro, C. Nam, M. Reddell, C. Rhee, H.S. Shin, S. Suh

Japan?s dramatic transformation from economic success to economic stagnation offers important policy lessons to advanced countries everywhere that are struggling with stagnation. The term '?Japanization'? is often used by economists to describe long-term stagnation and deflation. Symptoms include high unemployment, weak economic activity, interest rates near zero, quantitative easing and population aging. In the global context, what can governments do to mitigate the downward trends experienced by Japan? This judicious volume investigates in depth the causes of Japan?s ?lost decades? versus the real recovery achieved by the United States, and the lessons that can be learned. This book helps to provide a basis for assessing a wide range of policy approaches from which policymakers and governments can choose to avoid economic decline. The expert contributions provide an overview of the pattern of '?Japanization'? in a global economic perspective, analyze similarities and differences between the Korean and Japanese economies, and examine policies taken by Japan during the lost decades. From this analysis, the book proposes future policy solutions for countries experiencing ?'Japanization'?. Economic stagnation and the relevant policy reactions have been of keen interest around the globe since the global financial crisis and this book will be an invaluable resource for scholars, policymakers, and economic commentators alike. Contributors include: D. Cho, M. Fukao, K. Ito, T. Ito, D. Jeong, K.-C. Jung, S.T. Kim, Y.G. Kim, K. Kwon, A. Mason, J. Oh, I. Saito, J. Schiff, I. Song

Population aging is perhaps the single biggest economic and social obstacle confronting Asia's future. The region-wide demographic transition towards an older population is fundamentally reshaping the demographic landscape, and is giving rise to two key socio-economic challenges. This timely book provides an in-depth analysis of these challenges and presents concrete policy options for tackling them. First, the expert contributors argue, Asia must find ways to sustain rapid economic growth in the face of less favorable demographics, which implies slower growth of the workforce. Second, they contend, Asia must find ways to deliver affordable, adequate, and sustainable old-age economic security for its growing elderly population. Underpinned by rigorous analysis, a wide range of concrete policy options for sustaining economic growth while delivering economic security for the elderly are then presented. These include Asia-wide policy options - relevant to the entire region - such as building up strong national pension systems, while other policy options are more relevant to sub-groups of countries. This stimulating and informative book will be of great interest to academics, students, and researchers with an interest in Asian studies, economics generally, and, more specifically, public sector economics. Contributors: Q. Chen, K. Eggleston, G. Estrada, L. Ladusingh, M.S. Lai, S.-H. Lee, L. Li, A. Mason, R. Matsukura, M.R. Narayana, N. Ogawa, D. Park, A. Ramayandi, K. Shin, A.-C. Tung

Traditional understandings of citizenship are facing a number of challenges. Ideas of cosmopolitan and environmental citizenship have emerged in the light of concerns about global inequality and climate change, whilst new models of multicultural citizenship have been developed in response to the dilemmas posed by immigration and the presence of national minorities. At the same time, more particular debates take place about the demands citizenship places upon us in our everyday lives. Do we have a duty as citizens to take steps to reduce the risk of needing to rely upon state benefits, including health care? Does good citizenship require that we send our children to the local school even when it performs poorly? Does a parent fail in his duty as a citizen - not just as a father, say - when he is less involved in the raising of his children than their mother? Should citizens refrain from appealing to religious reasons in public debate? Do immigrants have a duty to integrate? Do we have duties of citizenship to minimise the size of our ecological footprints? This book develops a normative theory of citizenship that brings together issues such as these under a common framework rather than treating them in isolation in the way that often happens. It distinguishes two different ways of thinking about citizenship both of which shed some light on the demands that is makes upon us: according to the first approach, the demands of citizenship are grounded exclusively in considerations of justice, whereas according to the second, they are grounded in the good that is realised by a political community the members of which treat each other as equals not only in the political process but in civil society and beyond.

Offers a sophisticated analysis of central political concepts in the light of recent debates in political theory. Introduces students to some of the main interpretations of key political conceps highlighting their strengths and weaknesses. Tackles the principle concepts employed to justify any policy or institution and examines the main domestic purposes and functions of the state. Examines the relationship between state and civil society and finally looks beyond the state to issues of global concern and inter-state relations. Studies the relationship between state and civil society and finally looks beyond the state to issues of global concern and inter-state relations. -- .

Ancient thought, particularly that of Plato and Aristotle, has played an important role in the development of the field of aesthetics, and the ideas of ancient thinkers are still influential and controversial today. Ancient Aesthetics introduces and discusses the central contributions of key ancient philosophers to this field, carefully considering their theories regarding the arts, especially poetry, but also music and visual art, as well as the theory of beauty more generally. With a focus on Plato and Aristotle, the philosophers who have given us their thought about the arts at the greatest length, this volume also discusses Hellenistic aesthetics and Plotinus' theory of beauty, which was to prove very influential in later thought. Ancient Aesthetics is a valuable contribution to its field, and will be of interest to students of philosophy and classics.

What role did population change play in East Asia's rapid economic development? A reliable answer to the question is important because the extraordinary economic record of East Asian countries during their high-growth era (1960-90) is central to current development policy debates. This book argues that previous studies have neglected the fundamental ways in which demographic forces have influenced economic growth and regional economic integration. Consequently, the significance of East Asia's remarkable decline in childbearing, the diminished rates of population growth, and the accompanying changes in age structure are not fully appreciated by policymakers.
The fifteen essays in this volume address two broad sets of issues. First, did rapid demographic change contribute to East Asian economic development? Specifically, what aspects of the region's development were influenced by such demographic trends as economic growth, inequality, and the economic status of women? Second, what was the role of population policy in East Asia? What policies and programs were implemented, and which of them achieved their goals? Were demographic outcomes a product only of the region's rapid economic development, or did population policies accelerate the transition to low fertility and slower population growth?
These questions are addressed through a detailed examination of the experience between 1960 and 1990 of six East Asian economies: Japan, South Korea, Taiwan, Singapore, Thailand, and Indonesia. The essays compare the countries' distinctive approaches to population policies and examine the important channels through which population change has affected economic development. Among the topics covered are the impact of population on productivity and innovation; economic structure; saving, investment, and international capital flows; international labor migration; human resource development; distribution of income; and the economic status of women.

"Equality of opportunity for all" is a fine piece of political rhetoric but the ideal that lies behind it is slippery to say the least. Some see it as an alternative to a more robust form of egalitarianism, whilst others think that when it is properly understood it provides us with a real radical vision of what it is to level the playing field. This book combines a meritocratic conception of equality of opportunity that governs access to advantaged social positions, with redistributive principles that seek to mitigate the effects of differences in people's circumstances. Taken together, these spell out what it is to level the playing field in the way that justice requires. Oxford Political Theory presents the best new work in contemporary political theory. It is intended to be broad in scope, including original contributions to political philosophy, and also work in applied political theory. The series will contain works of outstanding quality with no restriction as to approach or subject matter. Series Editors: Will Kymlicka, David Miller, and Alan Ryan

Over coming decades, changes in population age structure will have profound implications for the macroeconomy - influencing economic growth, generational equity, human capital, saving and investment, and the sustainability of public and private transfer systems. How the future unfolds will depend on key actors in the generational economy: governments, families, financial institutions, and others. This path-breaking book provides a comprehensive analysis of the macroeconomic effects of changes in population age structure across the globe. The result of a substantial seven-year research project involving over 50 economists and demographers from Africa, Asia, Europe, Latin America and the United States, the book draws on a new and comprehensive conceptual framework - National Transfer Accounts - to quantify the economic lifecycle and economic flows across generations. It presents comprehensive estimates of both public and private economic flows between generations, and emphasizes the global nature of changes in population age structure which are affecting rich and poor countries alike. This unique and informative book will prove an invaluable reference tool for a wide ranging audience encompassing: students, researchers, and academics in fields such as demography, aging, public finance, economic development, macroeconomics, gerontology and national income accounting; policymakers and advisers focusing on areas of the public sector such as education, health, pensions, other social security programs, tax policy, and public debt; and policy analysts at international agencies such as the World Bank, the IMF and the UN.

In 2008, the global economy experienced the most severe crash since World War II. A sharp collapse in international trade followed, leaving no country on the globe immune to a sequence of economic shocks. This timely book explores many of the key issues raised in the wake of the global economic crisis and provides an in-depth analysis of crisis transmission to emerging markets. The expert contributors compare the recent crisis with earlier crises, explore international aspects of the crisis from the perspectives of financial markets and trade, and examine macroeconomic policy responses. In so doing, they address important questions including: How did this crisis differ from those suffered previously? How and why did flaws in financial markets contribute to the crisis? How important were global imbalances and global overheating in explaining the global meltdown? Did different pre-crisis fundamentals generate different post-crisis performances? And, how severe were the economic shocks to countries such as Korea and other emerging economies? Academics, students and policymakers in the fields of economics, international economics, finance, money and banking and Asian studies will find this book to be a thought-provoking and stimulating read. Contributors: J. Aizenman, M.D. Bordo, M. Chamon, M.D. Chinn, D. Cho, B. Eichengreen, A. Ghosh, M.M. Hutchison, H.-W. Kim, J.I. Kim, J.S. Landon-Lane, H. Lee, H. Lee, K.-M. Lim, A. Mason, M. Obstfeld, M.-K. Song

Ancient thought, particularly that of Plato and Aristotle, has played an important role in the development of the field of aesthetics, and the ideas of ancient thinkers are still influential and controversial today. Ancient Aesthetics introduces and discusses the central contributions of key ancient philosophers to this field, carefully considering their theories regarding the arts, especially poetry, but also music and visual art, as well as the theory of beauty more generally. With a focus on Plato and Aristotle, the philosophers who have given us their thought about the arts at the greatest length, this volume also discusses Hellenistic aesthetics and Plotinus' theory of beauty, which was to prove very influential in later thought. Ancient Aesthetics is a valuable contribution to its field, and will be of interest to students of philosophy and classics.

Plato (c.428-347 BCE) stands at the beginning of many debates that have continued throughout the history of philosophy. His literary career spanned fifty years and the influence of his ideas and those of his followers pervaded philosophy throughout antiquity. Andrew Mason's lucid and engaging introduction, draws on recent scholarship to offer a fresh general survey of Plato's philosophy. Aware of the methodological challenges that confront any writer on Plato, Mason handles the issue of Plato's intellectual development and relationship with Socrates with an assured grasp. Thematically structured, the book begins with Plato's principal contribution to metaphysics, the 'Theory of Forms', which forms a necessary background to his thought in many areas. His theory of knowledge, which is intimately linked with the Forms is explored in detail along with Plato's views of the soul, an important theme in itself and an entry point to discussion of his ethics, one of Plato's major concerns. Finally, the book deals with two areas of Plato's thought which have had an especially important historical impact, not confined to academic philosophy: his theory of God and nature, and his aesthetics. Throughout, Mason highlights the continuing themes in Plato's work and how they develop from one dialogue to another.

Plato (c.428-347 BCE) stands at the beginning of many debates that have continued throughout the history of philosophy. His literary career spanned fifty years and the influence of his ideas and those of his followers pervaded philosophy throughout antiquity. Andrew Mason's lucid and engaging introduction, draws on recent scholarship to offer a fresh general survey of Plato's philosophy. Aware of the methodological challenges that confront any writer on Plato, Mason handles the issue of Plato's intellectual development and relationship with Socrates with an assured grasp. Thematically structured, the book begins with Plato's principal contribution to metaphysics, the 'Theory of Forms', which forms a necessary background to his thought in many areas. His theory of knowledge, which is intimately linked with the Forms is explored in detail along with Plato's views of the soul, an important theme in itself and an entry point to discussion of his ethics, one of Plato's major concerns. Finally, the book deals with two areas of Plato's thought which have had an especially important historical impact, not confined to academic philosophy: his theory of God and nature, and his aesthetics. Throughout, Mason highlights the continuing themes in Plato's work and how they develop from one dialogue to another.

This book is a collection of papers by leading scholars whose research concerns economic transfers between generations. The issues addressed have great relevance to demographic issues, particularly the determination of fertility, to economic issues, including equity and growth, and to public policy, especially social security reform. Part I focuses on intergenerational features of the macroeconomy. Advances in the construct ion of generational accounts are described and used to examine how the magnitude and direction of intergenerational transfers influences demographic behaviour, the distribution of income and the accumulation of wealth. Studies presented in Part II consider the role of the state as a provider of economic security for the elderly. The authors draw on international experience and discuss many of the issues that must be confronted if efforts to reform public pension programs are to be successful. Part III considers the intergenerational behaviour of the family. The authors examine competing theories in both industrialized and developing country settings to consider how demographic change, the development of financial institutions, public policy and other economic forces influence the amount, form and timing of intergenerational transfers.

Birth rates are dropping to ever-lower levels around the world. Populations are growing more slowly and, in some cases, beginning to decline. Rapid population aging has begun in the West and parts of Asia and is just over the horizon elsewhere. The demographic changes, their economic implications, and possible policy responses are the subject matter of this volume. What will be the effects on economic performance? How can couples be encouraged to marry and have children? Can educational reform lead to a more productive young labor force helping to offset their meager numbers? Can labor market reform extend the work life of older workers without damaging the interests of others? How should the social safety net that supports the elderly evolve in ways that are both fair and sustainable? The papers in this volume draw on international experience to address these issues, but emphasize the experience of Japan the country with the world's oldest population. It includes contributors such as: Noriko Aoki, Akira Kawaguchi, Allen Kelley, Wei Huang, Robert Hutchens, Tomoko Kinugasa, Andrew Mason, Naoki Mitani, Takashi Oshio, Robert Schmidt, and Mitoshi Yamaguchi.

Population aging is a global phenomenon that influences not only the industrialized countries of Asia and the West, but also many middle- and low- income countries that have experienced rapid fertility decline and achieved long life expectancies. This book explores how workers and consumers are responding to population aging and examines how economic growth, generational equity, trade and international capital flows are influenced by population aging. The contributors draw on the experience of the developing and industrialized worlds and on countries in Asia, North America, and Europe. They offer new evidence about micro-level responses of labor force participation, earnings, and savings to actual and/or perceived demographic change. Their broad perspective on population aging spans the entire demographic transition and demonstrates the importance of effective policy response in the early stages of population aging. Also included are policy analyses that explore the use of tax policy, financial reform, and policies targeting immigration and procreation. This insightful study will prove invaluable to students and scholars of population economics, public sector economics, welfare economics, social economics, and public finance. Pension analysts and government policymakers will find the material of great practical use.

Despite the frequency with which the term 'community' is used, it is hard to find any comprehensive exploration of the nature and value of community. This book tries to remedy this omission whilst taking seriously the idea that community can be of different kinds and can exist at different levels, and that these levels and kinds may come into conflict with one another. It focuses on the question of what kind of community is valuable at the level of the state. It then explores the limits that ideals of political community place upon cultural diversity within the state, and the limits that, in turn, ideals of global community place upon the self-determination of political communities. This book will be of interest to students of political theory, philosophy and international relations.

This book considers a variety of explanations of why political disagreement is so extensive and persistent. The author examines variants of the 'contestability' and 'imperfection' conceptions which have dominated political theory: the idea that political disagreement is so pervasive because of its value-ladenness; that key political concepts are essentially contested; that those who occupy very different political positions fail to understand each other. He argues that we need to develop a framework which borrows elements from both schools of thought, presupposing some form of moral cognitivism, while recognizing that many political disputes cannot be resolved to the satisfaction of every reasonable person. Within such a framework he shows how empirical models can be constructed which give an active role not only to the agent's reasons for his or her beliefs, but also to other psychological and sociological considerations.

What role did population change play in East Asia's rapid economic development? A reliable answer to the question is important because the extraordinary economic record of East Asian countries during their high-growth era (1960-90) is central to current development policy debates. This book argues that previous studies have neglected the fundamental ways in which demographic forces have influenced economic growth and regional economic integration. Consequently, the significance of East Asia's remarkable decline in childbearing, the diminished rates of population growth, and the accompanying changes in age structure are not fully appreciated by policymakers.
The fifteen essays in this volume address two broad sets of issues. First, did rapid demographic change contribute to East Asian economic development? Specifically, what aspects of the region's development were influenced by such demographic trends as economic growth, inequality, and the economic status of women? Second, what was the role of population policy in East Asia? What policies and programs were implemented, and which of them achieved their goals? Were demographic outcomes a product only of the region's rapid economic development, or did population policies accelerate the transition to low fertility and slower population growth?
These questions are addressed through a detailed examination of the experience between 1960 and 1990 of six East Asian economies: Japan, South Korea, Taiwan, Singapore, Thailand, and Indonesia. The essays compare the countries' distinctive approaches to population policies and examine the important channels through which population change has affected economic development. Among the topics covered are the impact of population on productivity and innovation; economic structure; saving, investment, and international capital flows; international labor migration; human resource development; distribution of income; and the economic status of women.

People are treated differently as a result of their looks. But when is appearance discrimination, or "lookism" as it is often called, morally objectionable? This issue is important for at least two reasons. First, the benefits that flow to people who are regarded as visually attractive are sizeable and are enjoyed in a number of contexts, including employment, personal relationships, education, politics, and the criminal justice system. Second, appearance discrimination is of moral interest not only in its own right, but also in terms of its connection to other forms of discrimination. Appearance norms, that is, norms concerning how we should look, often place greater burdens on disadvantaged groups. As a result, discrimination on the basis of appearance, when it rewards people who conform to these norms, may involve, or interact with, the effects of, wrongful discrimination on the basis of features other than appearance, in a way that aggravates existing injustices. What's Wrong with Lookism? examines the morality of appearance discrimination in three contexts: employment decisions; the choice of friends or romantic partners; and the everyday practice of judging and commenting upon people's looks. Andrew Mason develops a pluralist theory of what makes discrimination wrong that identifies three wrong-making features, namely, disrespect, deliberative unfairness, and contributing to unjust consequences, and demonstrates how the presence of one or more of these features in each of these contexts problematises the lookism that takes place in it.

Over coming decades, changes in population age structure will have profound implications for the macroeconomy - influencing economic growth, generational equity, human capital, saving and investment, and the sustainability of public and private transfer systems. How the future unfolds will depend on key actors in the generational economy: governments, families, financial institutions, and others. This path-breaking book provides a comprehensive analysis of the macroeconomic effects of changes in population age structure across the globe. The result of a substantial seven-year research project involving over 50 economists and demographers from Africa, Asia, Europe, Latin America and the United States, the book draws on a new and comprehensive conceptual framework - National Transfer Accounts - to quantify the economic lifecycle and economic flows across generations. It presents comprehensive estimates of both public and private economic flows between generations, and emphasizes the global nature of changes in population age structure which are affecting rich and poor countries alike. This unique and informative book will prove an invaluable reference tool for a wide ranging audience encompassing: students, researchers, and academics in fields such as demography, aging, public finance, economic development, macroeconomics, gerontology and national income accounting; policymakers and advisers focusing on areas of the public sector such as education, health, pensions, other social security programs, tax policy, and public debt; and policy analysts at international agencies such as the World Bank, the IMF and the UN.

An authoritative primer to Jyotish, or Vedic Astrology, this book draws on the author's extensive study of the tradition. Andrew Mason explains in detail the practical applications of Jyotish, introduces the planets, signs and houses, as well as the many rich and highly entertaining mythologies of the system with an explanation of how to interpret them. He also covers Vedic Astrology's sister science, Ayurveda, and describes how they interact to provide insight into celestial timing, sustained health and general wellbeing. With sample charts that show the applications throughout, the book provides a complete an accessible resource on Jyotish for students of Indian astrology and Ayurveda practitioners. It will also be of interest to anyone with a passion for astrology.

This book considers a variety of explanations of why political disagreement is so extensive and persistent. The author examines variants of the 'contestability' and 'imperfection' conceptions which have dominated political theory: the idea that political disagreement is so pervasive because of its value-ladenness; that key political concepts are essentially contested; that those who occupy very different political positions fail to understand each other. He argues that we need to develop a framework which borrows elements from both schools of thought, presupposing some form of moral cognitivism, while recognizing that many political disputes cannot be resolved to the satisfaction of every reasonable person. Within such a framework he shows how empirical models can be constructed which give an active role not only to the agent's reasons for his or her beliefs, but also to other psychological and sociological considerations.