VOLUME 7 • 2008
PRODUCTION SYSTEMS AND ENVIRONMENTAL MANAGEMENT
ABSTRACT. Mochida and Ohira write that world primary energy consumption reached 9.74 billion tons in crude oil equivalent in 2003, with oil and natural gas accounting for 61 percent. Kovács and Moniz analyze the type of existing industrial relations, the union and employer strategies and some aspect..
OPTIMAL MONETARY POLICY, SYSTEMIC BANKING CRISES, AND RISK-MANAGEMENT PRACTICES
ABSTRACT. Gruben et al. maintain that some financial crises are creatures of bad macroeconomic or fiscal outcomes whose links to risky lending in the traditional sense are tenuous. Kinnunen and Vehviläinen remark that the bank risk-taking suffers from the same econometric problems as exchange rate e..
NEW MODES OF GOVERNANCE IN THE EUROPEAN UNION
ABSTRACT. As Hall and Soskice put it, more liberal trade and financial regimes have inspired vast new flows of goods and capital across national borders. Drezner maintains that while governments may receive benefits from the development of a single global standard, states will not prefer any global ..
SHORT-RUN INFLATION DYNAMICS, LONG-RUN INFLATION UNCERTAINTY, AND OUTPUT GROWTH
ABSTRACT. Gnan and Valderrama affirm that, in a closed economy, the price level or inflation are influenced in the short run by the balance between domestic aggregate demand and the economy's production potential. Davig notices that short-run inflation dynamics have an important impact on the approp..
CONTRACT LAW AS A MATTER OF JUSTICE
ABSTRACT. Hesselink presents the European policies with regard to consumer protection, European citizenship and the area of justice, and discusses the kind of contract law that each of these approaches leads to and the kind of society they contribute towards. Grundmann argues that the chance to find..
HORTICULTURAL REFORM IN THE EU AND THE GLOBAL MARKETPLACE
ABSTRACT. Rickard and Sumner note that, in horticultural markets, trade barriers often apply to the processed products (domestic support applies to farm-produced raw commodities). Cook observes that, worldwide, consumption and cultivation of fruits and vegetables is increasing. According to ECD-GA, ..
GLOBAL FINANCIAL INTEGRATION, MONETARY POLICY, AND INFLATIONARY EXPECTATIONS
ABSTRACT. McCauley remarks that the central banks of Malaysia and Thailand have two main monetary policy goals: low inflation and stable exchange rates. Mohanty and Scatigna remark that growing global financial integration has influenced monetary policy in important ways. Bhuiyan proposes to incorpo..
COST ACCOUNTING, ORGANIZATION PERFORMANCE, AND CORPORATE STRATEGY
ABSTRACT. Sharman says that it is time for management accountants to drive meaningful, dynamic, and disciplined changes in their role of providing information to managers. Bragg affirms that direct costing can be used for an internal report that focuses specifically on activities in the extreme shor..
GLOBAL PRODUCTION NETWORKS AND SUPERMARKET DEVELOPMENT
ABSTRACT. Dawson holds that, for the retail sector, internationalization is the latest stage in its continuing integration into a consumer driven globalized economy. Coe and Wrigley map out a detailed research agenda with respect to the host economy impacts of transnational retailing. Reardon et al...
BENEFITS FROM ADOPTING HARMONIZING INSTRUMENTS ON EUROPEAN CONTRACT LAW
ABSTRACT. Gómez Pomar presents some preliminary ideas about the potential benefits and costs arising from the process of European Contract Law harmonization for the functioning of the existing national Contract Laws, and for the welfare of European societies. Kerber and Grundmann discuss the advanta..
EUROPEAN INTEGRATION AND NETWORK GOVERNANCE
ABSTRACT. Verdun maintains that network governance implies that there is a multitude of actors at play without there being a central hierarchy. Bieler notes that, within EMU, monetary policy for the single currency is set by the independent ECB (which is solely committed to low inflation and price s..
CONVENTIONAL DEVELOPMENT IN LESS DEVELOPED COUNTRIES
ABSTRACT. Burchell and Mukherji claim that land conversion involves the use of previously undeveloped land to accommodate development. Kentor examines the impact of the expansion of transnational corporate subsidiaries on the economic growth of less developed countries between 1970 and 2000. Bartels..