Serial payers,serial losers? The political economy of Argentina’s public debt

A global neoliberal architecture has enabled many countries to increase their public debts to meet their fiscal needs. But since 2008 a number of European and North American economies have faced financial crises induced by unsustainable debts. This paper analyses the case of post-default Argentina since 2001, so as to better comprehend the political economy of public debt, especially in cases where governments are elected on anti-austerity platforms. Presidents Néstor and Cristina Kirchner were committed to a debt-reduction policy, yet Argentina faced a new, ‘selective’, default in 2014. This paper analyses how the country has been trapped in a cycle of debt dependency, which can only be interrupted by a comprehensive audit of the debt’s legitimacy followed by debt cancellation. Critical lessons are provided for other countries facing similar situations.     

当代中国社会变迁与都市女性择偶观嬗变

都市女性择偶观的嬗变是当代中国社会变迁的折射和反映;社会结构与社会分层的变动影响了主流社会资本在不同社会人群中的分配,那些占据主流社会资本的人群自然是都市女性择偶时的首选对象;尽管不同时代的都市女性择偶的对象不同,但通过婚姻改变命运却是这些女性的共同特性。     

Economic reasons for the break-up of Yugoslavia

The history of Yugoslavia continues to attract academic attention more than twenty years after the violent break-up of this federative state. Analyzing why it happened can be instructive in dealing with many unsolved problems in the region. The article will argue that deteriorating economics triggered all other factors leading to eventual disintegration of Yugoslavia. Specifically, during the 1980s external and internal economic imbalances, coupled with substantial regional disparities, resulted in a situation which was no longer acceptable to some constituent republics, especially the wealthier ones. Unfortunately, their secession was followed by a violent conflict which still resonates throughout South-Eastern Europe.     

The internal consumer response process: Towards an integrated conceptual model

Abstract

Most existing consumer response models explain consumer response processes in a simplistic linear and sequential manner (Strong 1925; Lavidge & Steiner 1961; Rogers 1962; McGuire 1978; Ray 1973; Smith & Swinyard 1982; Vaughn 1980; Petty & Cacioppo 1983; Preston 1982; Moriarty, Mitchell and Wells 2008), ignoring variables or factors which could alter the response process order. Although various theorists criticised existing consumer response models mainly because of this (Belch & Belch 2001; Hanekom 2006; Hanekom, Barker & Angelopulo 2007; Moriarty et al. 2008; Del Barrio-Garcia & Luque-Martinez 2003; Mortimer 2002; Wu [sa]; Bendixen 1993; Wilmshurst 1985), no efforts have been made to develop a conceptual model to address these limitations. The main objective of this article is, therefore, to develop an integrated conceptual model for the internal consumer response process through a comprehensive qualitative literature review and theoretical analysis of existing advertising response models. This model integrates existing and original consumer response levels and phases, and appends specific variables to each response level that influence the manner in which consumers internally proceed through the diverse response processes. Furthermore, the proposed model will allow the execution of more specific objectives which include (a) to propose a paradigm shift from advertising consumer response models to integrated marketing communication response models; (b) to systematise existing consumer response models by arranging them into three proposed paradigms, based on their focal aim; and (c) to develop an integrated marketing communication internal consumer response model, depicting eight internal consumer response levels, consisting of diverse internal consumer response phases.     

By‐laws of I.A.I.

The launch of the Eastern Partnership (EaP) marks the most significant change to the European Neighbourhood Policy (ENP) since it was launched in 2004. In the wake of the Georgia war in August 2008 and yet another gas crisis in January 2009, the EU clearly needs a more constructive policy towards Eastern Europe. But both the ENP and EaP are based on a contradiction. They offer only the remotest possibility of eventual accession to the EU, but are still based on “accession-light” assumptions, applying the conditionality model of the 1990s to weak states that are a long way from meeting the Copenhagen criteria. The priority in the eastern neighbourhood is not building potential members states but strengthening sovereignty, in the face of an increasingly assertive Russian neighbourhood policy. The game is playing the west off against Russia for geopolitical reward.     

The tax-welfare mix: explaining Japan's weak extractive capacity

Abstract

Despite having the highest level of public debt in the Organisation for Economic Co-operation and Development (OECD), higher than Greece or Italy, Japan has one of the lowest aggregate tax burdens of the advanced industrial democracies. This paper asks why Japan, once described as a strong developmental state, has had such a weak extractive capacity, an inability to raise revenues to confront deficits and public debt? In contrast to the existing explanations that focus on political institutions, partisan preferences, or economic globalization, this article argues that Japan's ‘tax–welfare mix’ – the combination of taxes and redistributive welfare polices – undermined the state's long-term capacity to secure adequate tax revenue. More than just a source of revenue, taxes can be used directly to achieve redistributive goals, such as targeting low taxes and exemptions to specific groups. This study shows how Japan's tax–welfare mix diminished its extractive capacity through three mechanisms: the political lock-in of a redistributive social bargain struck around low taxes, the timing and sequencing of its tax policy and welfare development, and the erosion of public trust, which undermined tax consent. Beyond offering a new theory of extractive capacity, the tax–welfare mix explains aspects of Japan's tax structure that defy existing explanations and contributes to our understanding of the capitalist development state by highlighting the redistributive political function of tax policy and its long-term impact on state capacity.     

The Political Economy of National Debt Burdens, 1970–2000

Why did developing country governments find themselves mired in high debt by the end of the twentieth century? This paper develops a theoretical framework to understand the relationship between political institutions, resource wealth, and debt burdens. Hypotheses generated are tested on a time-series cross-section data set of developing countries from 1970–2000. Three main findings are reported: oil wealth has a positive relationship with debt; this relationship is weakly conditional on the country's regime type; and the relationship is independent of general commodity price volatility. The paper concludes with a discussion of the implications of this research for our understanding of the ‘resource curse.’     

论清代的“违禁取利”罪

我国历史上许多朝代是通过法律手段来限制官府与民间通过借贷谋取暴利,维护正常的社会经济秩序,保护正常的借贷关系的.明律中出现"违禁取利"的罪名,清代,进一步在法律上调整借贷关系,在一定程度上促进了社会经济的发展.清代的借贷活动空前活跃,不仅存在着生活性和消费性借贷,也存在着生产性和经营性借贷,更存在着官吏、兵丁借贷,以及各种因官吏勒索及制度性缺陷而引起的借贷,而在"违禁取利"方面,统治者一味实施限制与打击,最终不但没有建立起他们期待的社会经济秩序,反而使朝廷失去经济控制能力,王朝的政治与社会发展受到严重的阻碍.     

Vitreous Humor: Biochemical Constituents in Estimation of Postmortem Interval*,†

Abstract: Analysis of biochemical constituents of the vitreous humor can be useful in determining the postmortem interval as there is proportionate postmortem rise of potassium and fall in sodium concentration. We studied 120 autopsy cases to determine the utility of potassium, sodium, calcium, and chloride levels, and sodium/potassium ratio in estimating the postmortem interval. There was a linear relationship between vitreous potassium concentration and postmortem interval, whereas an inverse relationship between vitreous sodium/potassium ratio and postmortem interval was noted. Other factors like age, sex, cause of death, season of death, and refrigeration of sample did not influence the vitreous humor potassium values. Using the statistical tools, a new formula was derived to determine the postmortem interval based on the potassium concentration and a review of previous literature is presented. Hence, the findings of this study supported a central role of vitreous humor biochemistry in many postmortem forensic and pathological evaluations.     

关于完善我国个人所得税法的设想

我国个人所得税法虽经历次修改但仅是局部微调,没有弥补现行个税法的根本缺陷,我国个人所得税法的改革和完善仍任重而道远。本文借鉴国外个人所得税法改革的合理成分,在分析我国个人所得税法缺陷的基础上,提出应在分类征收模式向分类与综合相结合的征收模式转变;减少累进税率级次,降低最高边际税率;实行税收特别措施;采用基本扣除与专项扣除相结合的方式,建立弹性税制,推广税收指数化和加强征管五个方面予以完善。