Outward FDI from Central and Eastern European Countries

In Central and Eastern Europe, outward foreign direct investment (FDI) has not yet become as a prominent factor in the region’s reintegration into the world economy as trade liberalisation used to be in the early 1990s or inward foreign direct investment is currently. In the terminology of the investment–development path, with the notable exception of the Russian Federation, the region is in stage 2, whereby inward flows are still growing faster than outward flows. This article argues that a combination of the latecomer status of the region’s transnational corporations and the transition shock can explain most of that laggard situation. It hypothesises that the enlargement of the European Union (EU) would give a major push to the outward foreign direct investment flows of Central and Eastern Europe (CEE), on condition that adequate government policies to promote those investments are put in place. The impact on the investment–development path, however, is uncertain, because accession to the EU is often accompanied by a surge in foreign direct investment inflows, too. Finally, the article also looks at the options available to deal with the specific problems of the Russian Federation in relation to capital flight, including ways of regularisation and potential return to the home economy.     

Policy networks and multiple lobbying strategies in EU trade policy-making. A Korean perspective

The EU trade policy has been a crucial matter of concern not only for the EU member states but also for the rest of the world as a whole. However, only a limited number of policy actors have been able to exercise effective power in the EU trade policy process on the basis of the formal and informal relations formed among core policy actors in policy networks. As a result, the interests of the European industrialists have been best served in the EUs trade policy relations with non-member countries. Consequently, Korean firms, as outsiders of the policy networks, have recognized the need to develop effective lobbying strategies as significant means to have greater influence on EU trade policy-making, so as to overcome the disadvantages existing in the policy process. In this regard, Korean firms need to develop multiple lobbying strategies by taking advantage of the various routes of EU trade lobbying. Otherwise, Korean firms will continue to experience difficulties in exploiting the benefits of the large European common market with a single currency.     

The International Monetary Fund and the World Bank. In need of a better performance?

Since the Mexican crisis in 1994, international financial markets are characterised by frequent turbulence. The two most important international organisations in that field, the World Bank and the International Monetary Fund, have been unable to provide sufficient stability. Surprisingly, the World Bank is in deeper trouble than the IMF. The decreasing importance of public capital flows has made the World Bank much less important than it used to be. Globalisation has led to increased private flows to the developing world, primarily in the form of foreign direct investment. In the long run, there will not be an important function for the World Bank any more. The opposite assessment has to be made for the IMF. The more globalisation progresses, the greater the need for an IMF. However, this does not mean that the Fund will survive in its current form. International financial markets have gained in importance, but they still lack many of the features that characterise the national financial sector. If globalisation shall be continued, we need those governance structures, e.g. a lender of last resort, at the international level. Markets need rules and regulations, and today these are often not existent at the international level. The need for an IMF will even rise, but it will have to be a different one.Abbreviations  CCL Contingent Credit Line - IMF International Monetary Fund - LTCM Long-term Capital ManagementSenior Research Associate, German Institute for International and Security Affairs, Berlin, and Associate Fellow, Centre for the Study of Globalisation and Regionalisation, University of Warwick.     

The interrelationship among stress,anxiety, and depression in law enforcement personnel

The current investigation was designed to explore the interrelationships among stress, anxiety, and depression in a population of law enforcement personnel. The Depression Anxiety Stress Scales (Lovibond & Lovibond, 1995) were administered to police officers from a medium sized police department in Massachusetts (N=43). Correlation coefficients were conducted on the data. Additionally,t-tests were performed on demographic data regarding marital status and exercise to examine possible mediating factors in the development of symptoms. Implications for these findings and possibilities for future research are discussed.     

Eyewitnesses: A comparison of live,video, and photo line-ups

An experiment was conducted in which the effectiveness of three line-up methods (live, video, and photographs) was compared. Participants witnessed a staged event and were subsequently required, by one of the three methods, to identify the target. Both target-present and target-absent line-ups were used. The results showed that all methods led to an equal number of correct identifications (hits). In the target-absent line-ups, participants more often incorrectly identified a person in the video and photographs condition than in the live condition. Presenting photographs simultaneously or sequentially did not affect the number of correct judgments. Dynamic video images, showing locomotion and facial expression, had a marginal significant effect on the number of correct judgments as compared with the static video images. Practical implications are discussed.     

Time and Punishment: Delayed Consequences and Criminal Behavior

This article develops two distinct explanations for the failure of potential consequences to influence behavior. Discounting is the tendency to deliberatively devalue the future. In contrast, poor impulse control refers to the failure to consider the future. The implications of this distinction were investigated with data from the National Longitudinal Survey of Adolescent Health. The study produced several findings. First, both forms of present-orientation independently predicted a range of problem outcomes among respondents. Second, high discounting was a better predictor of deliberative or future-related problem outcomes, whereas poor impulse control was a better predictor of urge driven behaviors or conduct involving little forethought. Third, only poor impulse control but not high discounting predicted violent offending among respondents. While both forms of present-orientation were associated with property offending, high discounting was a stronger and more consistent predictor. These three findings were far more evident for males than they were for females.     

Sanctions,Perceived Anger,and Criminal Offending

In articulating models of offender decision-making, researchers have tended to focus on either deterrence/rational choice or situational/emotional considerations. In this paper, we merge these two lines of inquiry and examine how rational choice considerations and perceived angry reactions inter-relate in predicting assaultive violence. Using data collected on a random sample of young adults, we assess three hypotheses. First, that both rational choice and perceived anger exhibit additive effects on assault. Second, that perceived anger influences how rational choice considerations are interpreted. Third, that rational choice considerations influence assault under different levels of perceived anger, and in particular, that the effect of sanction threats fall apart under high perceived anger. Future theoretical and empirical directions are outlined.     

How Self-Relevant is Fair Treatment? Social Self-Esteem Moderates Interactional Justice Effects

An organizational field study examined the extent to which fair treatment influences organizational commitment was a function of employees levels of social self-esteem. Following recent research indicating that self-esteem acts as a moderator of procedural fairness effects, we suggested that to examine the relational assumption that self and procedures are related, one should assess the social dimension of self-esteem. In line with predictions, the results indeed showed that fair treatment (assessed by an interactional justice scale) positively influences affective commitment, but only when employees have low social self-esteem. These findings are discussed in light of research on relational models of justice and sociometer theory.