International Institutions and Domestic Compensation: The IMF and the Politics of Capital Account Liberalization

Certain governments have been faster than others in relaxing their restrictions on the cross‐border movement of capital. How can we explain the timing and extent of financial liberalization across countries since the 1970s? We argue that IMF stabilization programs provide a window of opportunity for governments to initiate financial reforms, but that policy makers are more likely to seize this opportunity when welfare expenditures are high. Large loans from the IMF shield policy makers from the costs of financial reform, while welfare expenditures provide credibility to the government's ex ante promises of compensation to individuals who are harmed by the reforms. We test this hypothesis on data for 87 countries from 1975 to 2002. We employ a spatial autoregressive error sample selection model which accounts for the nonrandom participation of countries in IMF programs as well as the processes of international policy diffusion. The results provide strong support for the interactive effect of IMF programs and domestic welfare expenditures on financial liberalization.     

The All-Asian Women's Conference 1931: Indian women and their leadership of a pan-Asian feminist organisation

In January 1931, the All-Asian Women's Conference (AAWC) convened in Lahore. Forty-five female delegates met to discuss common social and political concerns of women in Asia, such as infant mortality, suffrage, education and rights of inheritance. Organised by Indian women, along with the Irish Theosophist Margaret Cousins, the AAWC spoke to visions of pan-Asianism that were reflected by male Indian nationalists at the time. Keen to counteract the Euro-American centrism of international women's organisations, Asian women discussed the ways they could organise together. This article analyses the rhetoric within the conference, through its reports, correspondence and international newspapers and periodicals. It discusses the ways pan-Asianism was conceived by Indian women in the 1930s and explains why there was only ever one meeting of the AAWC.     

Voting and Human Rights in Democratic Societies

The majority of research on human rights focuses on the consequences of regime-type for human rights violations, and overwhelming evidence suggests that democracies are less likely to violate human rights of their citizens as compared to non-democracies. However, a regime-type perspective is unable to account for disparities in human rights violations within democratic and non-democratic regimes. This paper disaggregates regime-type and analyzes the relationship between citizens’ participation and human rights violations. I argue that a participative citizenry, as captured by high voter turnout, is indicative of an active and vigilant populace who are more likely to hold governments accountable and ensure better human rights protections. The paper tests the relationship between human rights and voter turnout among 89 democratic countries from 1976 to 2008. The findings demonstrate that a participative citizenry enhances governmental respect for human rights.     

Insurgency and Peace Building in the Northeast Indian State of Manipur

This article looks at the ongoing insurgency in the remote Indian northeast, and has a special focus on the state of Manipur. Manipur is regarded as India’s eastern most state, and is geographically sandwiched in between East Asia proper and South Asia proper. This article tries to analyze the different facets of this very complex situation, and pays special attention to how the conflict has changed its character with the passage of time. For purposes of this article, primary data was collected by interviewing local people of Manipuri descent in eastern India to get first hand information about the conflict. Finally, at the end of the article, methods of peace building have been suggested as the way forward.     

The impact of MGNREGS on child labour and child education: an empirical analysis

This article addresses the persistent claim that the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has a negative impact on the availability of labour for agricultural operations, which has significant implications for the induced demand for child labour as a cheaper substitute for unskilled adult labour on agricultural farms in peak seasons. The study contributes to this debate by examining three issues: (i) effects of seasonality on child intensity of labour; (ii) impact of MGNREGS on child intensity of labour; and (iii) impact of seasonality and MGNREGS on human capital formation.     

Response: The Politeness of History

In my response to the reviews of my book by Marianne Constable, Shai Lavi, and Renisa Mawani, I situate the argument of Common Law, History, and Democracy in America, 1790–1900: Legal Thought Before Modernism within a concern with contemporary forms of historical knowledge. Where contemporary historical knowledge practices subsume their objects of investigation, I adopt the temporality of the object of investigation—namely, the common law—as the structure my book. In different registers, Constable, Lavi, and Mawani urge me to take up more explicitly the foundational questioning about which they care. I welcome their readings. However, given the distinct problematic from which I start, I argue, the book is not in the first instance an argument about the ontology of history or law.     

We Are All Victims: Questionable Content and Collective Victimisation in the Digital Age

Asian Journal of Criminology - Traditionally, the idea of being a victim is associated with a crime, accident, trickery or being duped. With the advent of globalisation and rapid growth in the...     

Dynamics of family size and composition: a computer simulation study with reference to rural India

"This study attempts to understand the dynamics that produce the persistent observation of a strong positive correlation between family size and extent of landholdings in predominantly agrarian economies [in India]. Such a correlation can arise from different types of demographic configurations including the rules of family formation. For example, big landholdings may be associated with large families, despite the lack of differentials across holdings of different size in fertility and mortality, simply because these families may remain undivided for long periods. In the absence of conclusive data to analyse this relationship in the Indian case, this study sets up a computer simulation model for studying the results of alternative demographic configurations."     

Presidential Elections and the Stock Market: Comparing Markov-Switching and Fractionally Integrated GARCH Models of Volatility

Bumba Mukherjee Department of Political Science, Florida State University, 554 Bellamy Building, Tallahassee, FL 32306 e-mail: smukherj{at}mailer.fsu.edu Existing research on electoral politics and financial marketspredicts that when investors expect left parties—Democrats(US), Labor (UK)—to win elections, market volatility increases.In addition, current econometric research on stock market volatilitysuggests that Markov-switching models provide more accuratevolatility forecasts and fit stock price volatility data betterthan linear or nonlinear GARCH (generalized autoregressive conditionalheteroskedasticity) models. Contrary to the existing literature,we argue here that when traders anticipate that the Democraticcandidate will win the presidential election, stock market volatilitydecreases. Using two data sets from the 2000 U.S. presidentialelection, we test our claim by estimating several GARCH, exponentialGARCH (EGARCH), fractionally integrated exponential GARCH (FIEGARCH),and Markov-switching models. We also conduct extensive forecastingtests—including RMSE and MAE statistics as well as realizedvolatility regressions—to evaluate these competing statisticalmodels. Results from forecasting tests show, in contrast toprevailing claims, that GARCH and EGARCH models provide substantiallymore accurate forecasts than the Markov-switching models. Estimatesfrom all the statistical models support our key prediction thatstock market volatility decreases when traders anticipate aDemocratic victory.