Corporate responsibility and the US–Central America Free Trade Agreement (CAFTA): Are they compatible?

The global garment-manufacturing industry will confront significant changes from 2005, when the system of quotas established under the Multi-Fibre Arrangement comes to an end. These changes pose serious threats to jobs in the Central American assembly plants, or maquila industry. One possibility, however, is that ‘politically correct’ consumption could provide a niche market for firms that are committed to corporate social responsibility and the respect for human rights, and that this might even be a way to improve working conditions in the region. In this sense, notwithstanding the grave risks it represents for the very poorest, the market could serve to bring about changes favourable to working people.     

Rolling the Dice on Foreclosure Prevention: Differences Across Mortgage Servicers in Loan Modifications and Loan Cure Rates

Mortgage servicing has garnered increased attention since the foreclosure crisis. As the interface between borrowers and investors, servicers make the decision to either grant a loan modification or to foreclose. This study examines servicer loan modification practices for a national sample of delinquent subprime loans, and assesses the extent to which those practices are associated with foreclosures. The research reveals significant differences across servicers in loan cure rates, which are related to servicers’ propensity to offer loan modifications and to the level of relief offered to borrowers. The observed differences across servicers and the implications of this heterogeneity for foreclosure prevention underscore the importance of additional data, research, and policies that can increase the uniformity and transparency of servicing practices.     

Retrospective voting and party support at elections: credit and blame for government and opposition

Retrospective voting is arguably one of the most important mechanisms of representative democracy, and whether or not the public holds the government accountable for its policy performance has been extensively studied. In this paper, we test whether retrospective voting extends to parties in the opposition, that is whether and how parties’ past performance evaluations affect their vote, regardless of whether they were in government or in opposition. Taking advantage of a rich set of questions embedded in a representative German national elections panel, we update our knowledge on the retrospective voting mechanism by modeling retrospective voting at the party level. The findings indicate that the incumbent status is not the only criterion for retrospective voting, ultimately suggesting that both government and opposition parties can expect credit and blame for their conduct and this should provide some impetus for responsive performance of all parties.     

Parties’ issue strategies on the drawing board: the 2017 Austrian case

Abstract

Parties may rely on different issue agendas when tailoring their electoral campaigns in an attempt to win elections. This paper compares two key party issue strategies to examine which one the victorious Austrian Peoples’ Party (ÖVP) relied on the most during the 2017 Austrian election campaign vis-à-vis its main competitors. These two key party strategies are the ‘riding-the-wave’ model, which posits that parties focus on issues that currently concern voters the most and the recent ‘issue-yield model’, which instead suggests that parties adopt strategic behaviour targeting all those issues with genuine opportunities for electoral expansion. It is found that, compared to the other main parties in the 2017 Austrian election campaign, the ÖVP was the one most clearly relying on the issue-yield approach. These results have important implications for our understanding of electoral campaigns, party’s exploitation of issue strategies, and voter representation beyond the Austrian case.     

Nuclear DNA typing from ancient teeth

Because of the adverse effects that diagenesis exert on ancient skeletal remains, DNA from these samples is often compromised to the point where genetic typing can be challenging. Nevertheless, robust and reliable methods are currently available to allow successful genotyping of ancient specimens. Here we report nuclear DNA-based methods and typing strategies used to analyze 2 human skeletons from a medieval burial. Reliable DNA nuclear profiles were obtained from teeth, whereas mitochondrial DNA analyses in bones were inconclusive. A complete nuclear mini short tandem repeat profile was obtained from a well-preserved premolar, but only a partial one from the femur. Increasing the sensitivity of the polymerase chain reaction system allowed a full profile from the latter, but the presence of artifacts reinforced the idea that the interpretation of this kind of analysis must be performed with caution. The results presented here also indicate that DNA from dental pieces can be better preserved than from bones, even in the case of well-preserved long bones with thick cortical tissue such as the femurs, and have a better chance of successful genetic typing, probably because of the high degree of protection conferred to the DNA by the enamel.     

Agricultural research organisations’ role in the emergence of agricultural innovation systems

Poor farmers seldom benefit from new agricultural technologies. In response, research and extension approaches based on agricultural innovation systems are popular. Often agricultural research organisations are the network brokers, facilitating the emergence of the innovation system. Based on an analysis of the Sustainable Modernization of Traditional Agriculture (MasAgro) initiative in Mexico, this viewpoint suggests that such organisations are more often suitable network brokers when the objective is the development and scaling out of a technology by itself. When the objectives are multi-faceted and include extension and education, other actors are better placed to be the network broker.     

Central Bank Independence in the World: A New Data Set

This article introduces the most comprehensive dataset on de jure central bank independence (CBI), including yearly data from 182 countries between 1970 and 2012. The dataset identifies statutory reforms affecting CBI, their direction, and the attributes necessary to build the Cukierman, Webb and Neyapty index. Previous datasets focused on developed countries, and included non-representative samples of developing countries. This dataset’s substantially broader coverage has important implications. First, it challenges the conventional wisdom about central bank reforms in the world, revealing CBI increases and restrictions in decades and regions previously considered barely affected by reforms. Second, the inclusion of almost 100 countries usually overlooked in previous studies suggests that the sample selection may have substantially affected results. Simple analyses show that the associations between CBI and inflation, unemployment or growth are very sensitive to sample selection. Finally, the dataset identifies numerous CBI decreases (restrictions), whereas previous datasets mostly look at CBI increases. These data’s coverage not only allows researchers to test competing explanations of the determinants and effects of CBI in a global sample, but it also provides a useful instrument for cross-national studies in diverse fields, such as liberalization, diffusion, political institutions, democratization, or responses to financial crises.     

Regulatory lags,liberalization, and vulnerability to banking crises

This article explores the effect of delays in updating prudential regulation on the likelihood of a country experiencing banking crises, and it disentangles the impact of different aspects of regulation on crisis onset. I argue that delays in revision to banks' prudential regulation allow banks to adopt risky behavior, which increases a country's vulnerability to systemic banking crises. This effect, however, is conditional on the level of liberalization of the financial market. At lower levels of liberalization, banks have stronger incentives to escape the constraints of regulation and to take advantage of regulatory lags. At high levels of liberalization, the effect of regulatory lags is curbed, possibly by market discipline. Statistical analyses on a sample of developed and developing countries from 1974–2005 support this argument and help rule out the competing learning hypothesis. These results suggest that the effects of institutions can vary with the passage of time.     

ENVIRONMENTAL RESPONSIBILITY REGULATIONS： GUARANTEE THE HUMAN RIGHT TO A HEALTHY ENVIRONMENT

Throughout history, human beings have wastefully utilized human resources, unknowingly at first, and then without taking into consideration the concept of sustainability. This has led to a quantitative and qualitative deterioration of the ecosystems providing the necessary resources to satisfy what current society considers is essential. The international community has conducted several efforts that tend to protect the space in which life develops. Among those efforts we can highlight due to its historical importance： the United Nations Conference on the Human Environment which took place in June of 1972 in Stockholm. There was the participation of l13 countries which signed a declaration that became the foundation for all environmental policies： the Worm Charter for Nature, Then 10 years following the Stockholm conference, it came to ratify the principles originating from the aforementioned event. The United Nations Conference on Environment and Development which took place in Rio de Janeiro in June of 1992 established the principles to achieve sustainable development. The 2002 Johannesburg Summit in South Africa promoted the implementation of concrete actions to comply with the Rio Conference in specific times. In Mexico, the constitutional recognition of the Human Right to an adequate third generation environment for the development and well- being of every individual requires legal protection. This issue becomes crucial to the design and implementation of an environmental protection regime in case of environmental element destruction, whether they are national property or res communes, will allow the damage to be repaired and will reduce the possibility of new damages from happening. Mexico has signed 62 international treaties related to environmental matters. Nine of which refer to environmental damage responsibility before the international community. Environmental Law in Mexico is composed of a series of ordinances that have been issued in different historical moments and contexts. That is the reason why they lack a connection that organizes them and aims them to an ultimate objective. So, here are presented some considerations which are essential in order to operate a legal responsibility system for environmental damages.