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Prior to the onset of the current financial crisis, global trends of social security in industrialised societies were indicating a progressive disengagement from the state in favour of tax-financed measures similar to social assistance - which may fail to ensure a basic standard of living. In this timely book, the author with his lifelong experience of international social security advocates reinstating social insurance by reducing the volume of income redistribution, increasing the transparency of money flows and improving citizen information. Additionally, the book makes the case that in order to preserve social security institutions against any future economic upheavals, adequate financial reserves within the national economy should be available. It will be of interest to a wide audience, including undergraduate and postgraduate students, researchers, lecturers, policy makers, social partners, professionals dealing with social security institutions and civil society groups.