Do Democracies Attract Portfolio Investment? Transnational Portfolio Investments Modeled as Dynamic Network

For many, transnational capital is an important driving force of economic globalization. However, we know little about the political determinants for cross-border portfolio investments. Recent economic literature focuses upon information asymmetries. We move beyond this and introduce an explicitly political element into the study of international asset flows. Democratic institutions attract portfolio investments because they reduce the chances of government predatory practices. Applying a dynamic latent space model on the bilateral portfolio investment data from 2001 to 2005, we empirically examine the effects of important country-level characteristics of both exporters and importers of portfolio investments. The empirical findings suggest that democracies are often associated with higher levels of inward portfolio investments. Interestingly, we also find that portfolio investments are associated with business communities’ subjective estimate of property rights protection, but not with more comprehensive, index-based aggregate measures from international think tanks.     

Independent Mayors and Local Lists in Large Polish Cities: Towards a Non-partisan Model of Local Government?

The enormous success of local independent lists and independent mayors in Poland suggests it is important to examine their distinctive features, analyse the place they occupy in local politics, and explore the model of local government they encourage. This paper deals with these topics by investigating some extreme cases of non-partisanship at the local level. Research was conducted in three arbitrarily chosen Polish cities governed by independent mayors and dominated by independent lists in the local legislatures. Mixed quantitative and qualitative methods were used: a survey among city councillors; and individual key-informant interviews (IDI). Non-partisans appear to be a separate category of local politicians, different in terms of their views on politics. They explain their non-partisanship using anti-partisan, historical or tactical justifications. It seems that non-partisanship can be a means of institutionalising a particular manner of understanding and engaging in politics. Local lists organised by independent mayors are informal, concentrating on the leader and performing only some of the traditional functions of parties. This paper demonstrates that, due to the vague nature of the links between local politicians and their administration, independent councillors may serve only as a ‘democratic addition’ to a local administration headed by a skilful manager.     

Prospects for Local Co-Governance

British local authorities and their partners are increasingly developing new ways of working together with local communities. The nature of this co-working, however, is complex, multi-faceted and little understood. This article argues for greater clarity of thinking on the topic, by analysing this co-working as a form of political co-governance, and drawing attention in particular to issues of scale and democracy. Using evidence from a study of 43 local authority areas, 16 authorities are identified where co-governance is practised, following three main types of approach: service-influencing, service-delivering and parish council developing. It is concluded that strengthening political co-governance is essential for a healthy democracy.     

Are Independent Councillors Really Conservatives in Disguise?

Abstract?A feature of English local political folklore is the belief among national political parties, that Independent councillors are Conservatives in disguise. Yet, little evidence is given to support this idea because little is known about these councillors’ beliefs and assumptions or how they distinguish themselves from the party politics they eschew. In this article we address the question: Are all Independent councillors really Conservatives? The article answers the question by reporting the findings of research conducted among Independent and Conservative councillors in England to explore the complex, multidimensional and fluid world that is Independent politics.     

The Role of Competition in Best Value: How Far Does it Differ from CCT?

This article investigates the role of ‘competition’ within Best Value (BV) and compares it with that of Compulsory Competitive Tendering (CCT). Utilising results of a survey of BV lead officers, the article reveals that ‘competition’ is not being used as widely as may have been expected. However, in terms of outcomes, services subject to BV seem to be at least as likely to be provided externally as would have been the case under CCT. Further analysis also considers the impact that party political control and service type have on the use and outcomes of competition.     

Post-Cold War Vietnam: stay low,learn, adapt and try to have fun – but what about the party?†

The paper compares political ideas and acts in the Soviet Union under Gorbachev and in Communist Vietnam. It argues that the Gorbachev group, committed to progressive change, concluded that power granted to them by their position in the Soviet system needed to be eliminated, creating a ‘boot strap’ problem. To secure progressive change they had first to destroy their own power base. By contrast, the ruling Vietnamese Communist Party (VCP) attempted, in the two decades after the emergence of a market economy in 1989–1991, to rule an increasingly open society through Soviet political institutions. By the late ‘noughties’ Vietnam faced a crisis of domestic sovereignty, with politics largely a matter of spoils, with policy largely irrelevant and unimplementable, and usually blocked by powerful interests. The paper argues that Hinsley's notion of the sovereignty issue makes this situation far easier to analyse. It argues that the Gorbachev group's analysis would have led to them predicting that the VCP's attempt to use Soviet institutions to rule over a globalising and increasingly open society with a market economy would lead to a crisis of political authority, and that they would have been correct. This leads to the counter-intuitive position that the Communist Party of the Soviet Union was a success ? in that it managed to solve a serious political problem, i.e. how to create the preconditions for a political system suited to a market economy in a relatively open society – and the VCP a failure.     

NEWS AS A WEAPON: HOLLINGTON TONG AND THE FORMATION OF THE GUOMINDANG CENTRALIZED FOREIGN PROPAGANDA SYSTEM, 1937–1938

Abstract

This article examines the process of the centralization of the Guomindang (GMD) foreign propaganda system during 1937 and 1938. The US-trained journalist Hollington Tong was the key person linking Chiang Kai-shek with the English-language press cohort. Based on his personal news network in the treaty ports, Tong extended the government’s propaganda network in the United States and Britain. He professionalized the propaganda institution and pursued a “hands off policy,” co-opting foreign journalists by offering them substantial assistance. This article challenges the perceived passivity of China’s foreign propaganda activities and argues that foreign propaganda was an important war strategy for the GMD government after the outbreak of the Sino-Japanese War. Factionalism played an important role in expediting the centralization process. It was Chiang’s patronage that allowed Tong, a new member of the GMD, to lead the foreign propaganda system and pursue a liberal censorship policy.     

The Netherlands and Islam: In Defence of Liberalism and Progress?

With the elections of 2012, the main party driving the Islam debate in the Netherlands was sidelined. The new government of Liberals and Social Democrats is trying to re-bury the contentious issue, not least because Islam-related questions have had a confusing effect on their parties. Nonetheless, with societal concerns lingering, the topic is likely to reappear. In the Netherlands, the wariness towards (Islamic) immigration is not rooted in fears of ethnic or religious competition. Instead, it tends to receive serious political attention only when cloaked as a defence of secularist and liberal values. As such, curbing Islamic practices is presented as a way to protect a (self-promoted) image of the Netherlands as a non-judgemental and tolerant place. The paradox remains that that self-image was traditionally meant to include minorities, not to exclude them.     

Do Terrorist Attacks Increase Closer to Elections?

The shadow of violence that elections cast remains poorly understood. A key obstacle impeding cross-national empirical analysis of electoral violence has been the varied nature of such violence. To address this challenge, I examine terrorist attacks as one particular form of electoral violence. By tracking the incidence of terrorist violence relative to election dates over time and across countries using an original dataset for the period from 2000–2005, I find strong support for the hypothesis that terrorist violence increases as we move closer to an election date. In fact, terrorist violence approximates a normal distribution centered on the election date.     

Italian foreign policy in the post-cold war period: a neoclassical realist approach

Abstract

Drawing on a neoclassical realist approach, this article analyses the foreign policy conduct of different Italian governments from 1994 to 2008. Pressured by the post-cold war international system, these governments have been compelled to raise Italy's profile within the international system. However, the way in which successive governments have responded has differed markedly. By looking at variables located at the domestic level – elite perceptions of the distribution of power and government instability – it is possible to explain these differences. Neo-classical realism is seen as an advance on Waltzian neo-realism precisely because it allows room for domestic as well as international (or systemic) variables, and because it has a very specific focus on foreign policy as such.