Suchergebnisse

ARTICLE EXAMINES THE STRUGGLE OVER MINERAL RESOURCES THAT IS TAKING PLACE BETWEEN THE MULTINATIONALS AND THE THIRD WORLD POLITICAL MOVEMENTS, WITH SPECIAL EMPHASIS ON THE STRATEGIC RESPONSES OF THE MULTINATIONALS TO THEIR WEAKENED THIRD WORLD POSITION. THIS WEAKENING HAS BEEN CAUSED, MOST DIRECTLY AND GENERALLY, BY THE CREATION IN THE THIRD WORLD OF AN OVERALL INSECURE INVESTMENT CLIMATE.

It is contended that bank-based & capital-market based financial systems can be used to promote egalitarian economic policy. Existing literature that has evaluated the performance of bank-based & capital-market based financial systems in various industrialized nations is reviewed, demonstrating that the former are more successful in addressing incentive- & information-related difficulties; although bank-based financial systems are more inclined to provide long-term financial stability & government activity in financial policy, it is stressed that such systems are typically controlled by private or public bureaucracies, thus problematizing their incorporation into egalitarian economic policy. Consequently, Hirschman's framework of exit & voice is used to develop an approach that combines the effectiveness of bank-based financial systems with increased democratic participating in financial issues; in fact, it is stressed that financial systems should no longer be separated into bank-based & capital-market oriented categories but into exit-dominated & voice-dominated systems. After assessing the shortcomings of both exit-dominated & voice-dominated financial systems, literature on corporate governance, community reinvestment, pension fund management, & central bank policy is subsequently scrutinized to ascertain their compatibility with the proposed democratic-voice-dominated financial framework. Potential objections to the democratic-voice-dominated system & its ability to create egalitarian economic policy are also addressed. 1 Figure. J. W. Parker

This volume presents a collection of essays honoring Professor Thomas E. Weisskopf, one of the most prominent contributors to the field of radical economics. Beginning his academic career at Harvard before moving to the University of Michigan at Ann Arbor, Professor Weisskopf has spent the past forty years exploring through highly innovative and rigorous research the questions of economic equality, social justice and environmental responsibility. The chapters in this book reflect the main subjects of Professor Weisskopf's work and seek to foster continued innovation in these research areas. Th

--------------------------------------------------------------------------------Honoring Keith Griffin's more than 40 years of fundamental contributions to the discipline of economics, the papers in this volume reflect his deep commitment to advancing the well-being of the world's poor majority and his unflinching willingness to question conventional wisdom as to how this should be done