Abstract
This paper evaluates the economic effects of a politically communitarian model of family
ties towards the pension crisis in developing countries. The use of a Canadian - an
individualist-oriented political economic pension system - is compared to a religiously
and culturally communitarian form of family care in Bangladesh, a country slowly
feeling the effects of the pension crisis. The analysis concludes, based on theoretical and
economic evidence, that it is not in the social or economic interest of Bangladesh or
similar countries to use the same policies currently being deployed by Canada and most
other OECD countries. This paper is the first of its kind to apply socioeconomic costs and
benefits of developed countries’ policies and apply them to the context of a developing
country—keeping in mind the cultural aspect and its implications. It aims at bringing
back original ethical and moral values with a social orientation that should inspire all
stakeholders to ensure family self-regulation that converge toward a solid foundation of
communitarian principles.