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By David Vanderburgh and John McCarten The New Yorker, May 12 , 1962P. 34 Excerpt from a letter from the supervisor of the Policy Service Department of the United States Life Insurance Company: "We are also arranging to have the servicing and collection of your policy transferred to our Home Office in New York City.
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Securitization of life insurance policies transferred to third parties is not necessarily a bad thing.
The reality is that the crisis results from decades of financial deregulation, policies transferring wealth from the poor and middle class to the wealthy.
But the report rightly warns us against "fast-track policy transfer".
The policy transfer analysis suggested instruments currently in use in the Netherlands, England and Denmark that can fulfill these needs.
The framework applied is a combination of theories on instrument choice (ICT), policy transfer and legitimacy.
The processes are analysed under a framework for policy transfer (Dolowitz and Marsh, 2000).
Policy transfer is the process of applying a policy, or knowledge that informs a policy, from one setting to another.
Policy transfer was deemed useful in terms of policy development, relations with stakeholders, scheme design and administrative approaches.
This paper concludes by identifying the contributions of the case study of Valletta to the policy transfer literature.
The implications for the design of future multi-national projects in order to maximise effective policy transfer, is discussed.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com