Federations, coalitions, and risk diversification

We investigate the optimal size of a nation in the context of a portfolio choice model under uncertainty. With an equal sharing rule, we characterize the equilibrium coalition structure, which is shown to depend on income, risks, and market correlations. Specifically, coalitions are likely to form among regions with similar variance in income and among regions with negative market correlations. The conditions that yield a grand coalition, two sub-coalitions of different sizes, and singletons are derived. Moreover, the equilibrium coalition structures are also examined when geographical contiguity is required.     

The challenge of assessing governance in Asian states: Hong Kong in the Worldwide Governance Indicators ranking

As countries in Asia work towards achieving development, the state of governance emerged as a benchmark for them. Assessing governance is an important exercise because a country’s image is influenced by its position in world rankings which plays a role in decisions by the international community regarding aid and trade. The methodology adopted in preparing the Worldwide Governance Indicators (WGI) rankings underlines the preference for some values that are dominant in Western liberal democratic systems. This places Asian states at a disadvantage as other traditional values are ignored in assessing the state of governance. This article examines the methods and criteria of the WGI with reference to the case of Hong Kong. An overview of the critiques of WGI and analysis of the scores awarded to Hong Kong reveal the challenge of assessing governance across countries with the same instrument without taking into consideration the context of the units. The article argues that there is a need for developing alternative criteria for accommodating indigenous institutional structures, processes, and practices to ensure that Asian countries can benefit from the desired values of governance and help overcome the partial picture of governance that emerges in the WGI.     

Postmortem Fluid Concentrations of Heroin Biomarkers and Their Metabolites

Only limited data exist concerning the utility of complementary specimens in heroin-related deaths. As such, this report employed a validated LC-MS-MS method to quantify 6-monoacetylmorphine (6-MAM), 6-acetylcodeine (6-AC), and their metabolites morphine and codeine in blood with (BN) and without preservative (B) and the additional unpreserved specimens of vitreous humor, urine, stomach contents, and bile from 20 postmortem cases in which heroin was the primary cause of death. The median concentration of 6-MAM in BN was 0.011 mg/L, B was 0.008 mg/L, urine was 0.186 mg/L, vitreous humor was 0.022 mg/L, stomach contents was 0.147 mg/L, and bile was 0.012 mg/L. Only one case was found to be positive for 6-AC in B (case 6, 0.002 mg/L), and the median concentration of 6-AC was 0.002 mg/L in BN, 0.012 mg/L in urine, 0.003 mg/L in vitreous humor, 0.057 mg/L in stomach contents, and 0.004 mg/L in bile. These findings present new information on the distribution of these analytes in complementary matrices and support their inclusion for accurately determining the role of heroin in opioid-related deaths.     

Can Islamists be secularized? Religion and politics in urban Bangladesh

As in many other Muslim majority states, the Islamist parties play a significant role in the body politic of Bangladesh. Because of their counter-hegemonic modus operandi, the question arises regarding the ability of the Islamists to cohabit democratically in a secular or a quasi-secular political system. The literature on secularization, secularism, and Islam relies on a grand narrative of the reasons to address the question and provides us with polarized answers regarding the Islamists’ ability to accommodate the principle of secularism. However, almost all of the works have been done on the abstract, theoretical level and do not address the interplay of social and political factors in Muslim societies. None of the research on Islamism in Bangladesh addresses Islamist parties’ ability or inability to participate in a quasi-secular, democratic system through acclimating to secularism in the rubric of their political ideology, Islamism. This study therefore examines the grassroots-level socio-political interplays of the Islamist activists with the non-Islamists and analyzes their willingness and ability to accommodate secularism in order to democratically participate in a quasi-secular political system.     

Public health financing,environmental quality,and the quality of life in Nigeria

This study explores the relationship between health financing, environmental quality, and the quality of life in Nigeria. The Bayer and Hanck cointegration test affirms cointegration. Findings further reveal that CO₂ emissions have no meaningful impact on life expectancy in the short run. In the long run, urbanization significantly deteriorates the quality of life. Also, public health expenditure has not contributed meaningfully to the quality of life. The study discovers no evidence of a feedback causality, but a one‐way causality flowing from urbanization to CO₂ emissions. Policies that can enhance a sustainable environment and improve the quality of life are discussed.