Shared Services: Lessons from the Public and Private Sectors for the Nonprofit Sector

Shared services arrangements in the Australian third sector are becoming more common. Notably, however, there is a lack of information to guide nonprofit organisations through the development and engagement of shared structures. This article reviews the lessons that have been recorded from the public and private sectors with respect to the engagement of shared services arrangements. Additionally this article explores the different types of shared services structures that can be adopted. Overall, this article highlights the need for further research and analysis of issues relating to shared services arrangements in order to assist the increasing number of Australian nonprofit organisations engaging these collective arrangements and structures.     

Individuals, Institutions, and Inflation: Conceptual Complexity, Central Bank Independence, and the Asian Crisis

Previous research has demonstrated that greater levels of legal central bank independence produce favorable macroeconomic outcomes in the developed countries. This article expands the literature's focus on institutions to include a measure of conceptual complexity designed to capture individual-level variations in the cognitive style of central bankers themselves. I argue that the interaction of the cognitive style of central bankers with their respective institutional environments provides a more comprehensive account of the variation in achieving price stability across countries than the institutional measure alone. This hypothesis is tested in the context of the Asian Crisis as its effects diffused to the developed world between 1997 and 1999. The analysis demonstrates that different types of individuals working within different types of institutions achieved different levels of success in attaining price stability during the Asian Crisis. The most successful outcomes were achieved by conceptually complex central bankers working within legally independent central banks. The findings suggest that more research is needed concerning the individual level of analysis in the study of international political economy.     

The Fables and Foibles of Federal Capital Budgeting

This article critically evaluates the notions behind proposals to institute capital budgeting at the federal level. Four critical assumptions are found to be behind the contention that capital budgeting will improve federal investment policies: (1) an agreed-upon and accepted definition of a capital budget exists; (2) a capital budget "adds value" by improving the quality of information; (3) better information leads to better decisions; (4) better decisions lead to better actions. Each of these assumptions is evaluated using examples drawn from various levels of government and from the private sector. The general finding is that if these assumptions hold, then it is reasonable to expect that capital budgeting will lead to better programmatic decisions. Unfortunately, one or more of these assumptions usually does not hold and for this reason the case for federal capital budgeting is not very strong     

Municipal Democratisation in Rural Latin America: Methodological Insights from Ecuador

As municipal governments in Latin America acquire greater responsibility for public goods and services and the promotion of economic and social development, and play a greater role in local citizenship, questions about the quality of municipal democracy also need to be taken much more seriously. This article proposes a 'relative power approach' that examines the distribution of social power at the microregional level and its impact on municipal governance as the starting point for the analysis of municipal democratisation in Latin America. The approach lays particular emphasis on historical changes in the distribution of local productive assets, the political organisation of local social actors, coalitions between and divisions within local social sectors and the ways in which local power relations are shaped by global and national forces. The article then explores the practical application of the relative power approach to three municipalities in rural Ecuador.