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Social Security Reforms in China: Problems and Prospects

Joe C. B. Leung

Head, Department of Social Work and Social Administration

University of Hong Kong

The phenomenal successes of China's market-oriented economic reforms since the 1980s have made the traditional employment-based social security system increasingly inadequate and inefficient. For decades, the Chinese government has tried to develop a more pluralistic, effective and affordable social security system, compatible with an emergent market economy and a monolithic socialist political structure. While the new system is still struggling with a variety of operational problems, the imminent entry of China into the WTO has posed a formidable and looming challenge to the Chinese government to establish a viable social security system. This presentation outlines the recent reforms of the social security system in China, and assesses its effectiveness. Here, social security reforms focus on the changes of the retirement and unemployment insurance schemes and the social assistance program.


Individual Accounts in Social Security: Can They Be Progressive?

Michael Sherraden

Director, Center for Social Development

Washington University

This paper examines implications of proposed individual accounts within the U.S. social security system, noting that most proposals, including what we have heard of President Bush’s, are hugely regressive and undesirable. If there are to be individual accounts, either within the social security system or outside of it, the main issue will be inclusion of the whole population and adequacy of asset accumulations. The author presents policy alternatives that are more progressive.


The Changing World of Social Security

Dalmer Hoskins

Secretary General

International Social Security Association

The speaker shares his reflections and thoughts about the possibilities and pitfalls of providing a social welfare net in the new decade.


Welfare and the Unemployment Crisis: Sweden in the 1990s

Joakim Palme

Stockholm University

The speaker presents statistics illustrating the crisis of unemployment in Sweden in the 1990s.


Privatization: Lessons from the Chilean Experience


Silvia Borzutzky

Carnegie Mellon University

Chile was the first country to fully privatize its social security system. The speaker analyzes the privatization and outlines the lessons that US policymakers can learn from the Chilean experience.

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