Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
The promise that each generation will be better off than the last is a fundamental tenet of modern society. By and large, most advanced economies have fulfilled this promise, with living standards rising over recent generations, despite setbacks from wars and financial crises.In the developing world, too, the vast majority of people have started to experience sustained improvement in living standards and are rapidly developing similar growth expectations. But will future generations, particularly in advanced economies, realize such expectations? Living standards around the world continue to rise.A second set of problems concerns the need to ensure that the economic system is perceived as fundamentally fair, which is the key to its political sustainability.The third problem is that of aging populations, an issue that would pose tough challenges even for the best-designed political system.Will each future generation continue to enjoy a better quality of life than its immediate predecessor?In advanced economies, though the answer should still be yes, the challenges are becoming formidable.
America’s looming debt decision: Thinking long term
Britain’s democratic failure, a Russian roulette for republics
Emerging markets should go for the gold
FOLLOW THIS ARTICLE