Description

Can pension systems in developing economies deliver dignified retirement without fiscal collapse or widening inequality? In this rigorous academic manuscript, Dr. Elias Kwaku Megbetor offers evidence-based answers. Drawing on original field interviews with Ghanaian pensioners and fund managers, plus comparative analysis of Chile’s mandatory individual accounts, Mauritius’s hybrid universal-contributory model, and Singapore’s comprehensive provident fund, the study exposes why reforms often falter.

Megbetor highlights persistent challenges—political interference, informal-sector exclusion, governance gaps, low contribution rates, and sustainability risks—while proposing context-sensitive, actionable solutions tailored to developing economies. More than critique, this work provides a compassionate, analytically robust blueprint for equitable, resilient, and inclusive pension systems.

Essential for policymakers, economists, development practitioners, and scholars in the Global South, the manuscript demonstrates that secure aging is achievable through thoughtful, inclusive design—a vital contribution to pension economics and social policy in emerging markets.