Malaysia Incorporated: Ethics on Trial

It is logical to begin by considering briefly the influence of Malaysia's post-1957 social, economic and political factors in the evolution and development of the close and intimate relationships between government and business that have become the hallmark of the Malaysian economic equation. In 1957 when Malaya 1 achieved independence from Britain, it inherited a form of government based on the Westminster model which, with a few local adaptations, remains very much in place. Of equal significance is the inheritance of an economy based on the traditional British colonial mercantile interests centred on the export of rubber and tin. The nation boasted the most efficient plantation economy in the world, so efficient, in fact, that Malayan foreign exchange earnings helped Britain enormously to repay much of its war debt to the USA. It was not for nothing that Malaya was known as Britain's Dollar Arsenal. Economic prosperity, by the standards of Asia, was not new to the country. It was, however, commodity-based and opportunities for corruption were nothing like those that presented themselves in the 1970s.     

Moving Up the Value Chain in ICT: ASEAN Trade With China

The rise of China increased competition for foreign direct investment and exports for the ASEAN economies. It also increased ASEAN trade with China. But, are ASEAN countries able to move up the value chain in their trade with China? The objectives of this article are to examine upgrading in the information and communications technology (ICT) value chain through changes in the product quality of parts and components (PNC) exports from ASEAN to China and the influence of these changes on their ICT trade with China. The main findings indicate that there is little or no product upgrading in the most important SITC 776 sub-component of the PNC exports from the four major ASEAN economies (ASEAN-4) to China after 2005. It is also found that improvements in product quality are more apparent for SITC 772 but this product group constitutes a small share in total manufactured exports from the ASEAN-4 to China. Lastly, with little or no product upgrading, exporters from the ASEAN-4 have shifted to exports of non-PNC goods to China. This shift has enabled the overall ICT exports from the ASEAN-4 to China to continue to grow for the period of this study.     

Power delegation and the European Central Bank's democratic deficit

Delegation involves both costs and benefits. That is to say that delegation is problematic as the principal and agent may have conflicting interests in any act of delegation. Related to this puzzle, I focus on the issue of democratic deficit in the European Central Bank (ECB) as a consequence of power delegation by the European Union (EU) member states in the euro area. Critics claim that the ECB suffers from a democratic deficit as the Bank is seen immune from the people of the euro area, although it profoundly affects their everyday life. The fact that the ECB is a supranational non-majoritarian institution and distances itself from national political arenas further intensifies the issue. Hence, this article aims to evaluate the alleged democratic deficit of the ECB.

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Do Beliefs About Herbicide Quality Correspond with Actual Quality in Local Markets? Evidence from Uganda

Adoption of modern agricultural inputs in Africa remains low, restraining agricultural productivity and poverty reduction. Low quality agricultural inputs may in part explain low adoption rates, but only if farmers are aware that some inputs are low quality. We report the results of laboratory tests of the quality of glyphosate herbicide in Uganda and investigate whether farmers’ beliefs about the prevalence of counterfeiting and adulteration are consistent with the prevalence of low quality in their local market. We find that the average bottle in our sample is missing 15 per cent of the active ingredient and 31 per cent of samples contain less than 75 per cent of the ingredient advertised. Farmers believe 41 per cent of herbicide is counterfeit or adulterated. Beliefs are significantly correlated with quality at the local market level, but beliefs remain inaccurate, adjusting for only a fraction of actual differences in quality. Price is also significantly correlated with quality in local markets, but prices also adjust for only a fraction of quality differences. Although, like fertiliser and hybrid maize seed, herbicide in Uganda is low quality, herbicide use is substantially higher.