Searching for ‘pockets of effectiveness’ in weak governance states: Preliminary examination of the securities and exchange commission of Myanmar

After decades of military rule, internal conflict, and international isolation, Myanmar has embarked on a course of institution building. In light of Myanmar's low rating on the World Bank's Worldwide Governance Indicators (World Bank Group), the nation faces an enormous challenge in developing public institutions that meet its needs and expectations. This challenge includes development of institutional capacity that will allow Myanmar to participate in international economic affairs. A step in this direction involves the creation of a securities exchange market mechanism. The current study considers the establishment of the Securities and Exchange Commission of Myanmar (SECM) to support securities regulation. It applies a novel organization level of analysis strategy that considers SECM as a ‘pocket of effectiveness’ (POE) in the context of a low-performing public institutional setting in terms of the good governance criteria of responsiveness, accountability, and transparency (RAT). While the study finds evidence of progress in building Myanmar's securities regulation, it also finds limits in RAT development that challenges the SECM's potential designation as a ‘POE’. Based on feedback from proximate stakeholders in the daily work of the SECM, recommendations are offered for revised policies and practices in order to resolve them.     

The ideal love object: Structural and family sources

We obtained preferences from 227 college students about the characteristics of their ideal love objects. We factor analyzed these separately for males and females and obtained both common and sex-specific factors. We then examined the relative contributions of a set of structural and family factors to the explanation of variance in each of the characteristics of the ideal love object. Results show that about one-third of the 58 characteristics have significant, though not high, amounts of variance explained by the predictors. The most important predictors were sex, religion, mother's marital happiness, and father's education.Received Ph.D. from New York University, 1963. Major research interest: emotions, love relationships, socialization, sociological theory.Received Ph.D. from City University of New York, 1976. Major research interests: sociological theory, sex roles, sociology of leisure, sociology of health.