Performance in major industrialized economies will help determine the volume of external private financing to Crisis economies, an important determinant of the latter's growth.

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The caliber of the people in those jobs is therefore an important determinant of the caliber of the work force in the private sector.

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This reality is inescapable and is the reason why the real determinant of the feasibility of Social Security (or any other type of retirement system, private or public) is productivity.

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