VOLUME 1(1) • 2006
DEREGULATED TRADE AND CAPITAL FLOWS
ABSTRACT. Trade flows provide a conduit through which advanced production techniques and technological knowledge are transmitted across countries (Coe). By inducing rapid structural change and shifting employment within industrializing countries that liberalize, trade leads to falling real wages and..
DWORKIN'S CONCEPTION OF LEGAL THEORY
ABSTRACT. Dworkin argues for a universal healthcare system, a more generous welfare scheme, greater regulations on campaign expenditures and contributions, and race-sensitive admissions policies. Dworkin's notion of undeserved wealth presupposes the nonentrepreneur for whom wealth is immediately con..
DWORKIN'S THEORY OF EQUALITY
ABSTRACT. Dworkin claims that there may well be a set of legal rules recognized by a rule of recognition. Dworkin aims to find a plausible conception of equality that can be used to guide the state's redistribution of resources and justify the state's interference with individual liberty in that red..
MONETARY POLICY AND CAPITAL MARKET EFFICIENCY
ABSTRACT. The concept of capital market efficiency has not gained widespread appreciation among the general investing public. Subjective discount rates decrease with time delay and monetary sum, and are higher for postpone-a-receipt than for a postpone-a-payment scenario. Differences in corporate di..
RAWLS, MORALITY, AND PUBLIC REASON
ABSTRACT. Rawls considers the conflict between the value of appealing to the "whole truth" and the political values which are realized only when we do not appeal to the whole truth. What democracy is ultimately about is not majority rule but political equality, which in turn is based on the more fun..
MATHEMATICS AND ECONOMIC ANALYSIS
ABSTRACT. Real economic phenomena cannot be investigated insulated from other potential influences falling outside the theoretical domain. The growth rate of manufacturing firms and their volatility is negatively associated with their initial age and size. The new image of mathematics shaped an emer..
POLITICAL ECONOMY AND THE MANAGEMENT OF GLOBALIZATION
ABSTRACT. The notion of cosmopolitan democracy recognizes certain problems and policies as appropriate for local governments and national states. Deliberative and political decision-making centres beyond national territories are justified when cross-border or transnational groups are affected signif..
FROM GEOPOLITICS TO GLOBAL GOVERNANCE?
ABSTRACT. Ideas such as cosmopolitan democracy are contributions to new debates and what these structures will look like; new innovative political arrangements are not only a necessity but also a possibility in the light of the changing organization of regional and global processes. Cosmopolitan dem..
THE CHALLENGE OF ECONOMIC GROWTH AND EQUITY
ABSTRACT. The intensification of globalization has increased the demand for multilateral cooperation and the provision of global public goods; global politics is anchored not just in traditional geopolitical concerns but also in a large diversity of economic, social and ecological questions. If ther..
GLOBALIZATION AND POVERTY REDUCTION
ABSTRACT. Globalization has led to substantial economic progress among rich and poor countries alike and may be the principal mechanism for the international convergence of living standards. The fortunes of political communities and peoples can no longer be simply understood in exclusively national ..
EXPLAINING ECONOMIC POLICY
ABSTRACT. In the presence of the capital market imperfections that affect the ability of workers to borrow and invest in human capital, the impact of trade liberalization depends on the country's endowment of skilled labor. More market-oriented corporate activities can also be viewed as political; t..
ECONOMIC GLOBALIZATION, FINANCIAL CRISES, AND INEQUALITY
ABSTRACT. Global financial markets have few incentives to equip poor countries to be globally productive; on the whole trade is not as unequal as has been widely thought. Some markets appear more integrated (based on flow variables) than one would expect on the basis of statutory restrictions impose..