The modern face of traditional agrarian rule: local government in Pakistan

The 1980s saw an increasing enthusiasm for decentralisation and good governance in developing countries. Citing an ethnographic study of the office of Tehsil Mayor in Kharalpur, Pakistan, it is argued that decentralisation, instead of creating opportunities for people to engage in democratic participation and empowerment through modern local government institutions, has itself been subverted by the traditional norms and rules of patronage-based personalised governance. Modernity has not influenced tradition: rather, it is the other way around. This has further strengthened the power and prestige of the rural elite.     

Cyber terrorism challenges: The need for a global response to a multi-jurisdictional crime

With the widespread concerns about cyber terrorism and the frequent use of the term “cyber terrorism” at the present time, many international organisations have made efforts to combat this threat. Since cyber terrorism is an international crime, local regulations alone are not able to defend against such attacks; they require a transnational response. Therefore, an attacked country will invoke international law to seek justice for any damage caused, through the exercise of universal jurisdiction. Without the aid of international organisations, it is difficult to prevent cyber terrorism. At the same time, international organisations determine which state court, or international court, has the authority to settle a dispute. The objective of this paper is to analyse and review the effectiveness and sufficiency of the current global responses to cyber terrorism through the exercise of international jurisdiction. This article also touches upon the notion of cyber terrorism as a transnational crime and an international threat; thus, national regulations alone cannot prevent it. The need for an international organisation to prevent and defend nations from cyber terrorism attacks is pressing. This paper finds that, as cyber terrorism is a transnational crime, it should be subjected to universal jurisdiction through multinational cooperation, and this would be the most suitable method to counter future transnational crimes such as cyber terrorism.     

Identification of Risk Factors Generating Terrorism in Pakistan

Terrorism is a complex issue and various researchers have identified numerous causes and conditions that generate or are capable of generating terrorism. In the last decade, terrorist attacks claimed 36,495 lives and injured 27,985 people in Pakistan as a result of 3,482 bomb blasts and 281 suicide attacks. The aim of this research was to establish the major risk factors generating terrorism, based on the opinions of security officials who dealt directly with the Pakistan security situation. Sixty-five causes identified from the literature and interviews with security officials were modeled and transformed into a questionnaire. A nationwide response from security officials who were directly involved in dealing with apprehended terrorists was obtained. The population was selected proportionately from high, medium, and low security zones of Pakistan. Out of 500 questionnaires sent, 103 valid responses were received. The results helped establish the 13 major risk factors associated with generating terrorism. It was observed that addressing these 13 major risk factors would mostly resolve the other minor risk factors as well. Findings of this research might be beneficial for countries affected by terrorism, and countries with prioritized and rationalized allocation of funds in their budgets for substantially overcoming terrorism.     

The Effects of Gender Faultlines and Distribution of Rewards on Intragroup Power Struggles and Group Performance

Social Justice Research - Despite the relevance and importance of distribution of rewards for group performance, especially groups with active faultlines, existing literature exploring these...     

An Investigation of a Community-based Intervention for Socially Isolated Parents with a History of Child Maltreatment

A randomized field trial was conducted to test the effectiveness of a community-based intervention to enhance the prosocial interaction and psychological well-being of urban, Head Start parents with a history of child maltreatment. One-hundred and sixteen socially isolated parents participated. Forty of these parents had a history of child maltreatment. Maltreatment and non-maltreatment parents were assigned randomly to intervention and control conditions. The intervention involved 10 group-training sessions focusing on the relationship between stress and social support. Analyses revealed a significant main effect for the intervention group with intervention parents reporting lower levels of stress and higher levels of social activity than controls. No main effects for maltreatment status or maltreatment by intervention group interactions were found. Implications for community-based treatment were discussed.     

How Policy Rules Shape the Structure and Performance of Collaborative Governance Arrangements

Local food system governance increasingly occurs in collaborative venues at the local, state, and regional levels. Prominent examples of such are food policy councils (FPCs). FPCs take a systemic approach to improve local food systems by including diverse stakeholders to advise on policy development. The authors study public FPCs to understand how policies structure the stakeholder composition and goals of FPCs and how FPCs’ stakeholder composition facilitates and/or impedes performance. Data come from a content analysis of policies that mandate the structure and functions of public FPCs and interviews with FPC representatives. Findings indicate that FPCs connected to a broader array of food policy actors in their communities produce more diverse policy outputs, but this outcome is tempered by whether council members represent personal or organizational interests.     

An empirical testing of informational efficiency in Bangladesh capital market

We investigate how efficiently the stock market participants incorporate the information contained in money supply changes into stock prices in an emerging economy like Bangladesh. Of particular interest is to test how the changes in monetary aggregates directly affect the stock prices through asset changes and indirectly through their effects on real economic activity. We have considered the monthly series of the real stock returns (P) and examine the relationship between stock returns and monetary aggregates from 1980 to 2008. We also include the exchange rate of US dollar against Bangladeshi Taka and industrial production index. The presence of cointegration between stock prices and monetary aggregates indicate long-run predictability of the Bangladesh stock market. The short-run dynamics between monetary aggregates and real stock return, relied on theoretically motivated long-run restrictions, are analyzed using an empirical structural VAR model. The dynamic response of the real stock returns to changes in macroeconomic variables (such as broad money supply, exchange rates), particularly its lagged responses to real economic activity generates inefficiency in the Dhaka Stock Exchange. The findings of this article indicate that informational inefficiency exists in the stock market of Bangladesh due to the presence of unidirectional causality. To be efficient, the infrastructure of the SEC should be modernized, revaluation of the net asset value of the companies should be audited by the affiliated firms of the SEC, demutualization should be done as early as possible, private placement, issue of preference share and book building methods must be under rule based. Insider trading should be strictly prohibited.