International

Trade Is the Best Aid for Africa

The 48 countries south of the Sahara desert in Africa make up the most impoverished and diseased region of the world. Although wealthy countries have poured more than $450 billion of development assis…

Integrated Disability and Retirement Systems in Chile

People are living longer and healthier lives, yet disability benefits are the fastest growing portion of social security expenditures in the United States and many other countries.  What can be done t…

Tipping the Scales: Why Central Europe Matters to the United States

Does Central Europe still matter to the United States? Twenty years ago, the answer to this question was obvious. For Cold War-era U.S. policymakers, the region stretching from the Baltic to the Black…

The Promises and Perils of European Union Membership

On May 1, 2004, the European Union absorbed 10 new members, comprising 250,000 square miles, 80 million citizens and $444 billion in gross domestic product (GDP) - the largest expansion in territory,…

European Unemployment: Lessons for the United States

Europe is a great place to visit - but don't try to find a job there. Unemployment averaged 8.8 percent in Europe last year, compared to 6.1 percent in the United States. [See Figure I.] Americans hav…

The Flat Tax in Russia and the New Europe

On January 1, 2001, a 13 percent flat tax on personal income took effect in Russia. It replaced a three-tiered system with a 30 percent top rate on taxable income exceeding $5,000. The old system was…

Chile Leads the Way with Individual Unemployment Accounts
Chile was the first country in the western hemisphere to set up a social security system, and the first country in the world to reform it using individual investment accounts.
Social Security Reform Around the World: Lessons from Other Countries

Social Security reform is one of the most prominent domestic policy issues in the United States. The U.S. is not alone in facing the daunting challenges posed by its retirement security program.