Do Debt Levels Influence State Borrowing Costs?

This article reports on research into the possible interest cost penalties when state governments impose increasingly high debt levels on their citizens. The potential effect of debt levels on borrowing costs is a material one, given the large amounts of state debt outstanding. At the same time that government borrowing is heavy, the demand for government obligations also appears to be strong. The authors examine state debt levels and borrowing costs over a six‐year period (2001–2006) and find little evidence of such an effect, despite rapidly growing debt burdens. Those concerned about state debt levels, the authors say, must look to sources other than investors for pressure to reduce debt issuance.     

Green and Grey: Water Justice,Criminalization, and Resistance

Since its initial proposal in the 1990s, ‘green criminology’ has focused on environmental crimes and harms affecting non-human and human life, ecosystems, and the planet as a whole. Describing global trends toward privatization of water supply systems and the criminalization of several water conservation activities and tactics, this paper employs theoretical perspectives offered by green, cultural, and critical criminologies, focusing on overt resistance to water privatization and oppressive regulations governing rainwater storage and residential water recycling. Taking a critical theoretical perspective, this paper examines water access and autonomy, individuals and groups openly resisting the criminalization of household water reuse and storage, and the cultural significance of water. This paper concludes with an exploration of the potential benefits of a green cultural criminology.     

Litigation, experimentation, and reputation

This paper develops a multiple-plaintiff game with a correlation across plaintiffs' private information (damage levels). It argues that the defendant engages in experimentation to learn (or remain uninformed about) the plaintiffs' types and play tougher (or softer) in the initial case when another party may also have an interest in the suit.     

Power to the people? Decentralizationin Papua New Guinea

Since 1977, after pressure from secessionists, Papua New Guinea has, with both boldness and hesitancy, sought to decentralize its unitary state. Nineteen elected provincial governments, which are financially dependent on the centre, now control the former colonial districts and the national government public servants within them. National parliamentarians, while competing with provincial governments, have gained strong influence over some of these nominally autonomous bodies. The hoped-for popular mobilization and the intended sensitization and improved co-ordination of the public service have not occurred widely, but rather abuses of position, waste of resources and a decline in the legitimacy of the state have resulted. This scheme, which was ill-suited to the political culture, the country's economic and financial balance and the available human resources, is being re-assessed at the national level.     

Trade unions and social capital in transitional communist states: The case of China

In the study of social capital in Asia, it has been common to see kinship networks as the formation of social capital relations that create trust within society or within Asian states. This paper explores social capital surrounding industrial conflicts to see how unions relate to social capital formation in the context of recent reforms in state socialist China. This paper will argue that in the face of spontaneous outbursts of rapid social capital formation, as in industrial conflicts, the role of institutional agents is important for sustaining social capital. In China, the traditional model of the states bureaucratic trade unions has proved poorly adapted to coping with rapid social capital formation, either as organizer or suppressant. In the case of new workplaces, however, without the history of cynicism and state corporatism, the official unions that seek to represent members and sustain social capital are able to do so quite effectively. To build social capital, it is not necessary to destroy existing trade unions in China but to reorient their focus from bureaucratic centralist to representative organizations.