Multiculturalism and the Canadian Charter of Rights and Freedoms

Section 27 of the Canadian Charter of Rights and Freedoms states: 'This Charter shall be interpreted in a manner consistent with the preservation and enhancement of the multicultural heritage of Canadians', and we know surprisingly little about why the Canadian Federal Government agreed to insert it in the Charter and how this occurred. In this article I will use new historical evidence to explain both these things and I proceed in three stages. Firstly, I explain why the Canadian Federal Government agreed to include what became Section 27 in the Canadian Charter. Secondly, I explain how it was actually included. I then conclude the article by explaining why the evidence in it not only explains why and how Section 27 was included in the Charter; it also increases the possibility that a largely unsubstantiated claim made by certain prominent scholars is true. The claim is that the Canadian Federal Government's policy of multiculturalism was used to shape the Canadian national identity.     

Boundary institutions and HIV/AIDS policy in Brazil and South Africa

Why have some national governments acted more aggressively to address the HIV/ AIDS pandemic than others? More specifically, what explains, widely varied responses across Brazil and South Africa—two countries where one might have expected more similarity than difference? We argue thatboundary institutions—those sets of rules and practices that give social and political meaning to group identities—help explain this puzzle. Institutions interact with other pressures to structure the dissemination of information, the construction of risk, and priorities within society. Where institutions divide groups deeply, elites and ordinary citizens are less likely to feel volnerable, and more likely to blame other groups, making aggresive government action far less likely.     

Corporate dividend policy,minority shareholders right and equity value of firm: Evidence from Singapore

The purpose of the paper is to find out empirically whether an ideal business environment coupled with adequate legal protection provides an enabling mechanism for the minority shareholders to extract dividend from the firms and, as a consequence, whether the equity value of the firms gets impacted by dividend policy. The study (a) employs Tobit model on a sample of FTSE ST companies of Singapore to show the relation between dividend and minority shareholders base and, then (b) sought to explore the relation between equity value and dividend policy in the backdrop of strong legal protection for minority shareholders through OLS and 2 SLS regression models. The study empirically demonstrates a positive relation between the dividend payout and minority shareholders base indicating that, in a civil law origin country with strong corporate governance code ensuring investors protection and property right, the minority shareholders can extract dividend from the firms that, in turn, has a favourable impact on equity valuation. Consistent with the “outcome” and “catering model,” the findings of the study indicate that the overall business environment and legal protection enable minority shareholders to assert their cash flow rights with positive valuation implication. The paper objectively reveals how superior business environment, good governance and property right impact inter‐play between dividend payout, minority shareholders base and valuation of a civil law country.     

The cost of complying with human rights treaties: The convention on the rights of the child and basic immunization

The determinants of compliance with human rights treaties likely vary according to the right in question, yet heterogeneity in the pathways through which ratification affects various human rights outcomes has received limited attention. This paper first develops an account of treaty compliance that incorporates the intrinsic benefits to the state of compliance, regime costs associated with certain rights, the political costs that NGOs, judges, and others are able to impose for non-compliance, and the fiscal and economic costs of compliance. The paper argues that for child survival rights, fiscal and economic costs are likely to be dispositive, and that as a result richer countries are more likely to comply. The paper then uses an instrumental variable approach to investigate whether ratification of the Convention of the Rights of the Child was associated with stronger effort at the country level on child survival rights. It finds that ratification of the CRC was correlated with a subsequent increase in immunization rates, but only in upper middle and high income countries.     

Regulating online gambling: The Indian perspective

In India, the government has perniciously ignored the issue of internet gambling. Unfortunately, there is no specific legislation in place that addresses internet gambling, nor has there been any consistent policy professed with regard to internet gambling. Thus, online gambling operators, both domestic and offshore, are allowed to operate with impunity in India. Spurred on by factors like inadequate legislation, a lack of enforcement, and an indifferent judiciary, online gambling in India is unregulated, untaxed, and most of all, unclear. This paper posits that there is an urgent need for legislative clarity in India's policy towards internet gambling.     

The Strategic Choices of NGOs: Location Decisions in Rural Bangladesh1

Non-governmental organisations (NGOs) play an increasingly important role in the delivery of public services in developing countries, but little systematic evidence is available about their strategic choices. We develop two stylised accounts of NGO strategies: one in which pragmatic and organisational concerns determine location decisions, and another in which charitable motivations are the principal determinants. We then use data from the 1995 and 2000 rounds of the Bangladesh Household and Income and Expenditure Survey to analyse location decisions of NGO programmes established between those two sample years. Whether disaggregated by sector of work or mother organisation, the data show that the net change in NGO programmes in a community was not related to indicators of community need, that NGOs established new programmes where they themselves had no programmes previously, and that they did not avoid duplicating the efforts of other NGOs. Overall, the analysis is consistent with an account of NGO choices in which a concern for broad coverage significantly affects NGO choices.     

Asset quality determinants of Indian banks: Empirical evidence and policy issues

The Indian banking industry has been suffering from a huge number of nonperforming loans, and the loan asset quality has been deteriorated over the years. This has led to significant capital erosion of many banks in India. The surge in corporate defaults leading to an enormous rise in nonperforming loan assets has been impairing the performance of Indian banking industry in particular and economic growth in general. Hence, it is intuitive to ask what are the determinants of poor asset quality of Indian banks. To answer this question, using a sample of 47 commercial banks over a sample period of 2000 to 2014, our study examines the bank‐, industry‐, and macroeconomic‐specific determinants of asset quality of Indian banks. Our empirical analysis also accommodates the impact of different ownership structures (public and private sector) and the impact of financial crisis while analysing the determinants of poor asset quality of Indian commercial banks. Results reveal that bank‐, industry‐, and macroeconomic‐specific factors are responsible for the burgeoning nonperforming loan assets of Indian commercial banks. The results are qualitatively similar across different ownership structures. The findings suggest that forecasting models for nonperforming assets should also consider macroecomomic‐ and industry‐specific factors along with the bank‐ specific factors.