The politics of petroleum pricing in Ghana: Institutions,power dynamics,and social networks

The study, drawing on the political settlement approach, examines how powers, institutions, networks, and interests influence the pricing of petroleum products in Ghana. Qualitative research approach was for the study, and purposive sampling was used to interview 24 respondents. The findings suggest the existence of power struggles among the key actors in the pricing of fuel. The findings revealed that the National Petroleum Authority, bulk distribution oil companies, oil marketing companies, International Monetary Fund, and energy policy think tanks influence result into policy. Actors influence fuel prices through taxes, policy guidelines, exchange rate, and legal actions. The study recommends that capacity of the key players should be built by the Government of Ghana so as to ensure healthy competition and stability in the pricing of petroleum products in Ghana. Political interference in the pricing of fuel should be limited so that the key players can operate successfully in the petroleum downstream.     

A study of the operationalization of management controls in United Kingdom Private Finance Initiative contracts

Utilizing evidence from a United Kingdom (UK) road case study Private Finance Initiative (PFI) project, this article considers how the UK central government's infrastructure strategy is operationalized through accounting-based performance measures and incentive systems, and articulates how the adoption of such systems is moderated by trust practices. The findings indicate that initial government policy objectives, translated as performance indicators in the case study, failed to offer adequate incentives for contractors and created tensions. However, controls were later developed through inter-party trust practices for managing performance and relational risk. These findings have important implications for PFI policy and practice, including that negotiation can: (i) lead to pragmatic controls being introduced to foster cooperation and trust-building; and (ii) provide opportunities for adapting the monitoring and incentive mechanisms. This study also contributes to the previous literature where PFI control systems were largely regarded as inadequate for dealing with unforeseen conflicts between parties.     

Retributivism: The Right and the Good

Victor Tadros claims that punishment must be justified either instrumentally or on the grounds that deserved punishment is intrinisically good. However, if we have deontic reasons to punish wrongdoers then these reasons could justify punishment non-instrumentally. Morever, even if the punishment of wrongdoers is intrinsically good this fact cannot contribute to the justication of punishment because goodness is not a reason-giving property. It follows that retributivism is both true and important only if we have deontic reasons to punish. Tadros also claims that the constitutive aim of punishment is to inflict harm or suffering on offenders. On the contrary, the constitutive aim of retributive punishment is to inflict (justified) wrongs on offenders that are proportionate to the (unjustified) wrongs they commit. Indeed, punishment should involve the least harmful wrong that is proportionate to the wrongfulness of the offense, adequate to facilitate recognition, and (perhaps) conducive to deterrence.     

Economics,imperialism and restorative revolution

Abstract

Disbelief, incomprehension and anger were common reactions to U.S. policy during the political crisis which ended in the break-up of Pakistan. President Nixon incurred wide and bi-partisan criticism in the American Congress and the press for supporting the Pakistani military government despite the latter's brutal suppression of the popular movement for autonomy in East Pakistan. No one seemed to discern any rationale—moral, political, or economic—for this policy. It is noteworthy that instead of dissipating the accusations of its favoritism to Islamabad, the White House helped reinforce the impression of its support for the junta, thus risking rising Congressional criticism and lampooning by liberal cartoonists, columnists, and editors.     

Aid ‐ a seriously flawed concept: The case of Zimbabwe

From near self‐sufficiency at independence in 1980, Zimbabwe is now suffering from the repercussions of an addiction to aid that is leaving the country increasingly debilitated and dependent.     

Financial inclusion and green economic performance for energy efficiency finance

Economic Change and Restructuring - Financial inclusion is fundamental for increasing the nation’s performance and green economy has emerged as one of the dominant factors to ecological...