Integrated Governance: A Pre-Requisite for Sustainable Market-Oriented Development in Bangladesh

Using agriculture input sector as an exemplar, this article assesses Bangladesh's efforts towards a market-oriented development approach. It examines the changing role of the state following the market-based reforms undertaken in this sector and assesses whether the outcomes of the reforms are sustainable. Findings reveal that, although the current move towards a market-oriented approach has led to a shift away from a state-dominated hierarchical structure, it has not been associated with adequate changes in institutional arrangements, safeguards, and regulation. As a result, despite notable achievements of the reforms, the sustainability of these successes is in question. To facilitate participatory, accountable, and sustainable, market-oriented development, the paper proposes an integrated governance model linking state, business, and civil society.     

Globalisation and the changing management of migrating service workers in the Asia pacific

The advance of globalisation depends in fundamental ways on the continued flows of transnational labour it has stimulated. For semi-skilled and unskilled service workers these flows are managed through numerous controls imposed by states, employers, labour brokers and even by the expectations of their families and communities of origin. This article concentrates on female service labour originating in Indonesia and the Philippines, destined for Hong Kong and Taiwan. It emphasises the collective (family and community-based) nature of the worker's entry into this type of work. It looks at multiple intersecting discourses that shape, construct and attempt to manage the worker's behaviour at different stages of the migration cycle. It gives particular attention to the receiving workplace: the household, and in some instances, the household-based enterprise. The article shows that workers placed in these households are simultaneously governed by contractual relationships and by historically and culturally derived rules reflecting the household's functions as a property-holding, administrative and patriarchal kinship unit. Globalisation has brought far-reaching changes to patterns of labour migration, but the household as a workplace retains important vestiges of these older patriarchal discourses, and ambiguities remain about the emergence of free labour in domestic work.     

The regulation of cognitive enhancement devices: extending the medical model

This article presents a model for regulating cognitive enhancement devices (CEDs). Recently, it has become very easy for individuals to purchase devices which directly modulate brain function. For example, transcranial direct current stimulators are increasingly being produced and marketed online as devices for cognitive enhancement. Despite posing risks in a similar way to medical devices, devices that do not make any therapeutic claims do not have to meet anything more than basic product safety standards. We present the case for extending existing medical device legislation to cover CEDs. Medical devices and CEDs operate by the same or similar mechanisms and pose the same or similar risks. This fact coupled with the arbitrariness of the line between treatment and enhancement count in favour of regulating these devices in the same way. In arguing for this regulatory model, the paper highlights potential challenges to its implementation, and suggests solutions.     

Contemporary art and unconditionality: ‘the genus of art’ in the art criticism of Chiba Shigeo

This article examines art criticism of the 1980s that sought to address the context and continuity of postwar Japanese avant-garde art. The emphasis is placed on the notion of ‘the genus of art [rui to shite no bijutsu]’, which the art critic Chiba Shigeo discussed in his Gendai bijutsu itsudatsushi (1986). Chiba argued for an autonomous current of postwar Japanese art separate from Western art history but the argument has been largely overshadowed by his ostensible nihonjinron. The term ‘the genus of art’, therefore, has not yet received an adequate critical treatment. The article rephrases this notion as a call for a more inclusive definition of art designed to challenge the conditions that regulate non-Western art. Rather than simply being a nationalist polemic against Western art history from a marginalized place, Japan, ‘the genus of art’ was intended to revitalize and redefine the aims of the avant-garde within the context of ‘contemporary art’. By fleshing out the textual details of ‘the genus of art’ and situating the notion within a larger discourse that interrogated the semiotic role of ‘Japan’ in a global exhibition context, the study repositions Chiba's writing as a potential argument for unconditional acceptance, or unconditionality, as one important ethical contribution of contemporary art.     

Are China and Japan rivals in Latin America? A rivalry perception analysis

Abstract

This article investigates whether the People’s Republic of China and Japan perceive each other as rivals in Latin America (LA; both the Chinese and Japanese governments tend to refer to the region as Latin America and the Caribbean (LAC), but for the purposes of this article we focus mainly on LA), and what impact such a perception might have on their foreign policy decision-making. We take LA as a case study because China’s and Japan’s recent (re-)engagement there began almost simultaneously in the early 2000s, and has developed against the background of domestic leadership transitions, growing demands for energy and markets, as well as international political agendas in which LA might play a key role. Developing the work of Thompson [(1995). Principal rivalries. Journal of Conflict Resolution, 39 (2), 195–223; (2001). Identifying rivals and rivalries in world politics. International Studies Quarterly, 45(4), 557–586] and Vasquez [(1993). The War Puzzle. Cambridge, MA: Cambridge University Press; (1996). Distinguishing rivals that go to war from those that do not: Aa quantitative comparative case study of the two paths to war. International Studies Quarterly, 40 (4), 531–558] on rivalry, in combination with perception theory [Jervis, R. (1976). Perception and misperception in international politics. Princeton, NJ: Princeton University Press], the article suggests three indicators by which to measure the extent to which China and Japan might perceive each other as rivals. Drawing on content analysis of a range of Chinese- and Japanese-language official writing, news reports, and academic analysis, the article argues that, despite some media representation of China and Japan as competitors for resources and power in LA, in fact mutual perceptions concerning rivalry have not affected LA policy decisions of these two countries.     

A Regulation of Bids for Dual Class Shares. Implication: Two Shares—One Price

This paper examines the consequences of a specific regulatory restriction on bids for dual class shares. Shares of different classes are often argued to have different prices because a premium will be paid to the superior voting shares in the case of a tender offer. This paper assumes a setup where regulations require that a tender offer pays the same relative premium to both classes of shares. In this setup, it is shown that both classes will sell at the same price as long as there is a strictly positive probability that either the current management is sufficiently strong or that a sufficiently strong rival will show up. Furthermore, under this weak condition the regulation is socially optimal in the sense that the management that provides the highest total firm value will be the management of the firm. Finally, the regulation is shown to favor (or protect) the holders of restricted voting shares and this is not necessarily at the expense of the holders of superior voting shares.The practical interest of this paper derives from the fact that some European countries have adopted different regulatory restrictions on bids for dual class shares. This has more or less occurred due to proposed EU Directives. The regulation examined in this paper applies to tender offers in Denmark. Empirical results on the voting premium in Denmark are shown to be consistent with the theoretical results in this paper.