Book reviews

D. Leebart (ed.), The Future of Software, The MIT Press, 1995. Hardcover, £19.95, 300 pp, ISBN 0‐262‐12184‐0

David Bainbridge, Software Copyright Law, 2nd edn, Butterworths, 1994. Softcover £35.00, 272 + xvi pp. ISBN 0‐406‐04841‐X

Andrew Christie, Integrated Circuits and Their Contents: International Protection, Sweet & Maxwell, 1995. Hardcover, £85.00. ISBN 0‐421‐48380‐6

S. White, S. Bate and T. Johnson, Satellite Communications in Europe: Law & Regulation, 2nd edn, FT Tax and Law, 1996. Hardcover, £135.00 xlvi + 456 pp. ISBN 0‐752‐002119‐8

A. Valente, Legal Knowledge Engineering: a Modelling Approach. Frontiers in Artificial Intelligence and Applications, Volume 30, IOS Press, 1995. Softcover, £52.00, 227 pp. ISBN 90‐5199‐23‐0

Professor Christopher Arnold, Outsourcing Contracts, Pearson Professional, 1995. 114 pp.     

Insider-controlled Firms in Russia

Privatisation Vouchers in Russia were heavily invested in the holders' own firms. Using data from a recent survey, we show that insider control in firms privatised in 1992-4 through the voucher process (as distinct from the earlier leased buy-out method) is insecure and dependent on managers' support. For employees, investment in insider control appears to have been motivated by employment income insurance rather than expected excess returns on the equity. Managers are predominantly the same individuals as before privatisation and display considerable hostility to outside investors, probably because they fear dismissal should outsiders gain control. Despite insider control, firms are shedding labour quite rapidly through voluntary resignations. Employment dynamics appear to be unrelated to insider equity ownership.     

And donor makes three

A growing number of infertile women are being implanted with embryos conceived from their husband's sperm and eggs donated by other women. Though some clinics report a success rate of one in three, such adopt-an-embryo procedures pose legal, ethical and emotional problems.     

Unilateral Pan–Americanism: Wilsonianism and the American Occupation of Chiriquí, 1918–1920

This analysis draws lessons about the failure of Wilsonian Pan–Americanism from an examination of the American occupation of Chiriquí, Panama, an event long neglected by historians. It argues that the Woodrow Wilson Administration missed an opportunity to demonstrate to Panamanians, and Latin Americans more generally, the benefits to be gained by accepting its tutelage and leadership in inter-American affairs. Rather than collaborate with a sympathetic Liberal regime in Panama City, Washington embarked on a unilateral mission to re-make a part of Panama in its image. The result was a surge of nationalist resistance that threatened the overthrow of the government in Panama City and hastened the end of the occupation. Chiriquí is representative of American efforts in the region before the 1930s and helps to explain Wilson’s failure to build a “new world order” in the Western Hemisphere.