If you review the recent rankings of the Melbourne Mercer Global Pension Index, Singapore is the only Asian economy that ranks within the top 10 (ie, ranked 10th in 2014). China, Indonesia, Japan, South Korea and India have the same qualitative result and are ranked 21st to 25th.
In his book “Our wealth and its enemies”, the German journalist Gabor Steingart describes the blurring of lines between banks and the state as follows: “Precisely in the centre […] of our market economy a mutation took place. The close connection between risk-taking and responsibility, a constitutive element of the market economy, was decoupled […].