Responses to Financial Crises: An Evolutionary Perspective

As the world currently faces the ever-deepening sub-prime crisis, we are reminded that the process of globalisation can cause significant disruptions in global markets and political systems. This article focuses on the evolution of financial crisis responses to gain a better understanding of the dynamics affecting current responses. By using a focused comparison of case studies it argues that the development of crisis response and the dominance of the current multilateral actors is a result of an evolutionary process. This process privileges learning and innovation within a complex political economic system. The crises of each era, born of many of the same problems, generate a variety of responding actors, a few of which are adopted. These actors help to address the immediate problems and even work well for a while. Eventually, they are overwhelmed by the tendency of financial interactions to grow. Another set of crises generates another round of actors and mechanisms. As time goes on, crisis response requires more formal institutions that can deal with more complex systems. The article concludes that response actors are becoming more public, multilateral and global in scope. Understanding this pattern of response should help to shed light on the potential for reform of the financial architecture and help to explain the dominance of multilateralism as a crisis response.     

History of interpersonal violence, abuse, and nonvictimization trauma and severity of psychiatric symptoms among children in outpatient psychiatric treatment

In a clinical sample of child psychiatry outpatients, chart review data were collected for 114 consecutive admissions over a 1-year period at a Child and Adolescent Outpatient Psychiatry Clinic. Data included history of documented maltreatment, potentially traumatic domestic or community violence, neglect or emotional abuse, and noninterpersonal stressors as well as demographics, psychiatric diagnoses, and parent-rated child emotional and disruptive behavior problems. On a bivariate and multivariate basis, any past exposure to interpersonal violence-but not to noninterpersonal traumas-was related to more severe disruptive behavior problems, independent of the effects of demographics and psychiatric diagnoses. Noninterpersonal trauma and psychiatric diagnoses were associated with emotional problems; exposure to interpersonal violence appeared to partially account for this relationship despite not being independently associated with emotional problem severity. History of exposure to interpersonal violence warrants clinical and research attention as a severity marker and potential treatment focus in psychiatric outpatient services for children, particularly those with disruptive behavior problems.     

Changing perspectives in cognitive interviewing

A study is presented which investigated aspects of a specialist method for taking evidence from witnesses known as ‘Cognitive Interviewing’. Specifically, the study sought to evaluate four techniques used in this form of interviewing, namely the Report All, Reinstate Context, Change Order, and the Change Perspectives mnemonics. The findings suggest that while none of these mnemonics significantly increased inaccuracy, all but the Change Perspectives mnemonic facilitated recall of accurate information. The findings are discussed in terms of the applied functional utility of each of the mnemonics and the Cognitive Interview procedure in general.     

Enhancing Livelihoods and the Urban Environment: The Local Political Framework for Integrated Organic Waste Management in Diadema,Brazil

Drawing on a participatory study of integrated organic waste management, this article explores the local political barriers and preconditions for its implementation in Diadema, Brazil. Solid waste management in Brazil is embedded in and mediated by a political framework that is characterised by uneven power geometries. This article explores how the local political context affects the potential for integrated organic waste management in Diadema, paying particular attention to relations between stakeholders. The discussion addresses the contested nature of deliberative decision-making spaces and the need for pro-active socio-environmental policies. The findings underline the importance of a praxis of everyday public participation that goes beyond rhetoric.     

Book Reviews

Comparative Civil (Private) Law. G. Eoersi. Budapest. 1979. Akademiai Kiado 651 pp. 850 ft.

Recherches sur l'Histoire des Institutions et du Droit. Ed. late G. Herlea. Association d'Histoire Comparative des Institutions et du Droit de la République Socialiste de Roumanie. Bucharest, vol. II (1978) 195 pp, vol. III (1979) 207 pp.

Manual of Law French J. H. Baker. Amersham; Avebury Publishing Co. 1979,207 pp. £7.50.     

Skin deep: Barthes,Lavater and the legible body

Much of the Indian debate about secularism is built around what seem to be commonsense assumptions about India and the West. But a close look at the impact of Protestant Puritanism on the relationship between religion and politics in the United States suggests that these assumptions are mistaken. Far from having fundamentally different experiences, there are some striking similarities between India and the United States: similarities that draw attention to potential long-term dangers for India.