Globalization and private capital movements

This paper examines the power topography of international private capital movements with specific reference to FDI and portfolio equity flows. A number of important development conclusions emerge from the paper. There exists little relationship between incomes and levels of FDI participation, although developed and resource-endowed economies have received greater inflows. While greater liberalization from the mid-1980s has stimulated the explosive growth of portfolio equity capital flows, it has also exposed developing economies to serious systemic risks. Contrary to neoliberal arguments, developing economies that have managed to utilize FDI effectively and to prevent systemic volatility generated from portfolio capital movements from seriously destabilizing them, have generally relied on effective governments. Inter-country economic development has become increasingly unequal in the period 1980-97. While the material conditions of the majority of developing economies have improved, those located in Africa and South Asia in particular have remained seriously disadvantaged.     

巴西利亚--超凡脱俗的国都

凡去过巴西首都巴西利亚的人,无不被它那新颖的市政布局、超前的建筑风格、优美的生态环境所倾倒.因而这座城市不仅总是游人如织,也是各国城市管理者观摩学习的对象.     

Increasing income inequality and wealth concentration in the prosperous societies of the west

Since about 1980, personal income and wealth inequality in many western societies has increased. This is a reversal of the trend of diminishing socioeconomic inequality during the larger part of the twentieth century. Both trends are explained by relating them to the long-term growth of networks of interdependence. When and insofar as the development predominantly took place within national states, it led to the diminution of power differences between socioeconomic classes. In recent years, however, transnational relations of interdependence have intensified to such a degree that they bring about a weakening of interdependence within national states and increase inequality. Nico Wilterdink teaches sociology at the University of Amsterdam, the Netherlands. He also occupies the Norbert Elias chair in social sciences at Utrecht University.     

Overcoming the past: De-communization and reconstruction of post-communist societies

In several of the central and eastern European nations, the fall of Communism has initiated a new round of political intolerance that threatens to destroy the foundations of their fragile democratic regimes. Campaigns of lustration (political “cleansing”) have imposed ideological tests for employment and political participation in the Balkan countries and in parts of the former Soviet Union. The small, poor nation of Albania has been especially seriously impacted by this atmosphere of vengeacean against ex-Communists and their families. Justified by the principles of destructive entitlement—reminiscent of ancient cultural rituals of blood retribution—journalists have been arrested, members of the opposition have been imprisoned, and University programs have been suspended. In response to Albania’s plight, and to a similar pattern of civil rights abuses in neighboring countries, social scientists have begun to analyze the powerful role played by the “past-in-the-present” in current reconstruction efforts. As Jurgen Habermas, Adam Michnik, Seymour Martins Lipset, and others have noted, a new “culture of forgiveness” may well be a necessary condition for the development of stable and authentic democratic societies in the region. Fatos Tarifa is currently at the Department of Sociology, University of North Carolina at Chapel Hill. He received his Ph.D. in Political Science from the University of Tirana in 1985. He is director of the New Sociological Research Center (NSRC) in Tirana, Albania, and is the author of several books and journal articles, including a 1991 bookIn Search of the Sociological Fact (published in Albanian). Jay Weinstein is a professor of sociology at Eastern Michigan University. He has travelled widely in the Third World and in Central and Eastern Europe. Author of numerous books, journal articles, and chapters, he is currently working on a volume entitledSocial and Cultural Change: Social Science for a Dynamic World (forthcoming in 1997 by Allyn & Bacon Publishers).     

Capital formation and government capital policy in developing economies

Readings in the History of Economic Growth. By E. M. Falkus. Oxford University Press, Nairobi. 1968. Pp. 391. U.K. price 40s.

Economic Growth in Japan and the U.S.S.R. By Angus Maddison. George Allen and Unwin, London. 1969. Pp. 174. 35s, paper 18s.

Economic Growth: The Japanese Experience since the Meiji Era. By Lawrence Klein and Kazushi Ohkawa. (Publication of the Economic Growth Centre, Yale University.) Richard D. Irwin, Inc., Homewood, III. 1968. Pp. 424. $8.50.

Stratagems and Spoils. A Social Anthropology of Politics. By F. G. Bailey. Basil Blackwell, Oxford. 1969. Pp. xiv, 240. 36s. (18s. paperback.)

Issues in the Future of Asia. Ed. by Richard Lowenthal. Praeger, London. 1969. Pp. xi, 177. No index. 50s.

District Voting Trends in India‐a Research Tool. By Craig Baxter. Southern Asian Institute, School of International Affairs, Columbia University, New York. 1969. Pp. 378. 50s.

History of Kenya's Trade Union Movement to 1952. By Makhan Singh. East African Publishing House, Nairobi. 1969. Pp. 320. Index. EASh 56.00.

Toward ‘Uhuru’ in Tanzania: The Politics of Participation. By G. Andrew Maguire. Cambridge University Press. 1969. Pp. xxix, 403. £4.50.

Political Development in Rural Tanzania: A West Lake Study. By Goran Hyden. East African Publishing House. 1969. Pp. 282. Limp, E.A. sh.2l.00, $3 or £1 8s. Cased, E.A. sh.42.00, 57 or £2 10s.

Portrait of a Nationalist: The Life of Ali Migeyo as told to G. R. Mutahaba. Historical Association of Tanzania Paper No. 6. East African Publishing House. 1969. Pp. 28. E.A. sh.2.50.

The Agricultural Development of Argentina. A Policy and Development Perspective. By Darrell F. Fienup, Russell H. Brannon and Frank A. Fender. Praeger, New York. 1969. Pp. xxxvii, 437. No index. £7 6s.

An Introduction to Argentina. By Robert J. Alexander. Pall Mall Press, London. 1969. Pp. ix, 197. Index. £2 14s.

Planning and Productivity under Soviet Socialism. By Abram Bergson. Columbia University Press, New York and London. 1968. Pp. 95. No index. 36s.

Settlement Schemes in Tropical Africa. A Study of Organization and Development. By Robert Chambers. Routledge and Kegan Paul, London. 1969. Pp. xxv, 294. Index. 55s.

Fiscal Policy in Under‐developed Countries. By Raja J. Chelliah. George Allen and Unwin, London. 1969. Second edition. Pp. 216. 35s. (cloth) and 20s. (paper).

Capitalism, Primitive and Modern: Some Aspects of Tolai Economic Growth. By T. Scarlett Epstein. Manchester University Press. 1968. Pp. xxiv, 182. Index. Bibliography. 28 tables. 5 maps. Plates. 45s.

African Integration and Disintegration. Ed. by Arthur Hazlewood. Case Studies in Economic and Political Union. Oxford University Press, London. Pp. xii, 414. 75s.

Economic Integration among Developing Countries. By F. Kahnert, P. Richards, E. Stoutjesdijk and P. Thomopoulos. O.E.C.D. Development Centre, Paris. Pp. 162. 27s. 6d.

Turkey, the Challenge of Growth. By Z. Y. Hershlag. E. J. Brill, Leiden. 1968. Second edition. Pp. xviii, 406. Index. 86 guilders.

An Economic Profile of Mainland China. Joint Economic Committee of the U.S. Congress, with a Foreword by Senator William Proxmire. Praeger Special Studies in International Economics and Development. Praeger, New York. 1968. Pall Mall Press, London. 1969. Pp. 604. $18.50 and 155s.

The Spatial Economy of Communist China. By Tuan‐li Wu with H. C. Ling and Grace Hsiaolok. Published for the Hoover Institution on War, Revolution and Peace, by Frederick A. Praeger, New York. Pall Mall Press, London. 1967. Pp. vii, 367. $10.

Capital Formation and Economic Development in Mexico. By Joseph S. La Cascia. Praeger, New York. 1969. Pp. xix, 191. No index. £6 5s.

Economic and Social Development Plan for Eastern Thrace (Turkey). By the Ministry of Reconstruction and Resettlement, Turkey, and the Association Bretonne de Géographie Appliquée, France. Organisation for Economic Co‐operation and Development, Paris. 1968. Pp. 165. No index. 20 maps and diagrams. Tables. $2.50.

Economic Planning in Turkey. By Z. Y. Hershlag. The Economic Research Foundation (P.O.B. 423, Beyoglu), Istanbul. 1968. Pp. 75, No index. $2.00.

Economic Policy‐Making and Development in Brazil 1947–1964. By Nathaniel H. Leff. John Wiley and Sons, New York. 1968. Pp. xi, 201. Tables. Index. $79.

Regional Economic Growth: Theory and Policy. By Horst Siebert. International Textbook Company. 1969.

The Soviet Economy. By Alec Nove. George Allen and Unwin, London. 1968. 3^rd revised edition. Pp. 373. Index. 28s. (paper).

The Soviet Economy. By Nicolas Spulber. W. W. Norton, New York. 1969. Revised edition. Pp. xiv, 329. Index. $8.95.

Evaluating the Results of Foreign Policy: Soviet and Amercian Efforts in India. By Richard L. Siegel. The Social Science Foundation and Graduate School of International Studies Monograph Series in World Affairs, University of Denver, Denver, Colorado. Volume 6, Monograph No. A—1968–69, Pp. 35.

Economic Development and Structural Change. Edited by I. G. Stewart. Edinburgh University Press. Pp. 193. 1969. 50s.

International Economics. By Sidney J. Wells. George Allen and Unwin, London. 1969. Pp. 332. 48s.     

NGOs,social change and the transformation of human relationships: A 21st-century civic agenda

Globalisation shifts the balance of power from public to private interests, including NGOs. However, sustainable development requires a change in power relations that runs much deeper than this: a shift from using power over others to advance our selfish interests, to using power to facilitate the self-development of all. This demands constant attention to personal change, and a series of reversals in attitudes and behaviour. In this paper we argue that NGOs-as explicitly values-based organisations-have a crucial role to play in supporting these changes through their programme activities, constituencybuilding work and organisational praxis. The decline of paternalistic foreign aid and the rise of more genuine international co-operation provide an excellent opportunity to advance this agenda. The paper provides a detailed rationale for these claims and a set of examples that show how power relations could be transformed by civic-led approaches in economics, politics and the structures of social power.     

美丽多元的"艺术之都":蒙特利尔

早就听说过加拿大的美丽城市蒙特利尔是个多元开放的城市,以北美"艺术之都"而闻名遐迩,多年前已与上海结成友好城市.去年春夏之交,我终于有幸来到这个艳羡已久的名城.一下飞机,我就被眼前这个碧水环绕、楼厦教堂错落多姿的美丽城市迷住了,千娇百姿的她让我如临仙境,如入诗画.     

Financing the capital budget: change and transition

The changes in intergovernmental finance which occurred in the 1980s have impacted the traditional roles of state and local governments in many areas. The changing roles of such governments in the financing of infrastructure and public capital investments have been particularly pronounced. Their growing responsibilities in infrastructure finance has led to an enhanced emphasis on capital budgeting and on developing new initiatives in the capital financing arena. This article explores the impact of such changes on the strategies that are and will, probably, be employed by state and local governments to finance future capital acquisitions in a changing economy and intergovernmental fiscal environment.