The Regulatory State in Developing Countries: Can It Exist and Do We Want It? The Case of the Indonesian Power Sector

Abstract

In the rush for development, the regulatory state has assumed the mantle of a new panacea: the instruments and mechanisms necessary for better government, better governance, and better lives. This paper poses two basic questions in response to the rise of the regulatory state and its increasing diffusion into developing countries. First, can regulatory states exist in developing societies or, more accurately, can effective regulatory states emerge and hope to function in a manner similar to their counterparts in developed countries and deliver the types of benefits and outcomes they promise? And second, do regulatory states offer the most effective modalities for delivering enhanced social well-being? By unpacking the concept of the regulatory state and addressing its underlying assumptions and implicit normative values, it is suggested that the modalities of governance entailed in the regulatory state model may not be well suited to developing countries, hurting rather than enhancing governance outcomes. These issues are explored in relation to the Indonesian energy sector, specifically the upstream electricity generation, transmission and distribution sectors, and the machinations involved in governing the sector.     

Addressing Corruption in Post-Soeharto Indonesia: The Role of the Corruption Eradication Commission

ABSTRACT

Anti-corruption became one of the top priorities in post-Soeharto Indonesia, with democratisation, market liberalisation and institutional anti-corruption frameworks pursued as means to enhance transparency and accountability in public governance. A core component of these efforts was the establishment of a powerful anti-corruption agency, the Corruption Eradication Commission (KPK). This article assesses the effectiveness of the KPK, using evidence from two contrasting cases to identify factors that facilitated or impeded its ability to successfully investigate, prosecute and thus contain high-level corruption. The analysis highlights the threats to the KPK posed by resilient networks that were able to reconsolidate and resist anti-corruption efforts in post-Soeharto Indonesia. However, it also identifies countervailing social forces that emerged in the context of democratisation – in particular, an active civil society and a largely free press. While these supportive pressures from civil society could not fully counter the attacks on the KPK, they were able to prevent its marginalisation in the two major cases examined. Overall the KPK’s success in addressing high-level corruption is shown to be dependent on the interaction of political dynamics, interests and power relations, with no guarantee that anti-corruption forces will prevail in future cases.     

韩国资本市场法上内幕交易规制研究

韩国通过制定、实施资本市场法,进一步完善了对内幕交易行为的规制力度。该法扩大了内幕人员和内幕信息的范围,强化和完善了对公开收购、大量取得或处分股份过程中的内幕交易行为的规制,完善和强化对内幕交易行为的民事、行政和刑事责任等。在我国完善证券法、期货交易法律、刑法等立法过程中,韩国资本市场法的许多规定和做法均值得我国借鉴。     

经济犯罪的成因及防治对策

当前我国的经济犯罪呈现出手段及种类不断翻新、团伙犯罪日益增多及发案率居高不下的特点。究其原因既有社会原因也有个人思想方面的原因。对此类犯罪的防范应综合社会的力量,并加强打击的力度。     

证券集团诉讼在中国的制度价值——法经济学与法社会学的悖论

美国证券集团诉讼制度对保护中小投资者、维护证券市场的公平、公开、合法运作起到了积极作用。关于将该制度移植、改良,用以维护中国证券市场的健康有序发展的问题,学界已讨论多年。从法经济学和法社会学角度分别探讨证券集团诉讼制度引入中国的积极因素和消极条件,确认其独特、高效、经济的制度价值,明确将证券集团诉讼引入中国的必要性、迫切性和改良手段,具有重要研究意义。     

做市商民事法律制度分析

在建立多层次资本市场的过程中,做市商制度的引入无疑是必要的。而民事责任作为对投资者保护的最终环节,其完善对整个做市商法律制度的建立有着至关重要的作用。做市商的民事权利与义务主要包括双边报价、融资融券与信用交易。这些与传统民法中的要约、承诺和消费借贷都既有联系又有区别。做市商是一种特殊的券商,因此其民事责任制度也需要在现行证券民事责任的基础上进行融合与扩充。     

The Rising Tide Economy: Lessons from the Squeezed Middle for Progressive Economic Policy

For all its rhetorical potency, the policy implications of the ‘squeezed middle’ are yet to be fully explored. This article looks at what the phenomenon means for the design and prosecution of progressive economic policy. It argues that any progressive government today needs to adopt a new first order goal of economic policy: ensuring that the material wellbeing of ordinary working people rises when the economy grows, a project referred to as ‘building a rising tide economy’. This objective would sit in addition to the traditional goals of sustained GDP growth, high employment, low inflation and poverty reduction. It would have real implications across a range of important policy areas.     

The Beecroft Report: Pandering to Popular Perceptions of Over‐regulation

The Coalition government made a commitment to review employment law to ensure flexibility for both parties and enhance business's competitiveness. This led the prime minister to ask venture capitalist Adrian Beecroft to undertake the task of identifying the areas of employment law that presented the greatest burden, and making recommendations for reform. The Beecroft report identifies 16 areas for reform, but the lack of evidence to support his conclusions severely undermines his case. The challenge of increasing employment in a stagnant economy is substantial, and Beecroft's recommendations, if implemented, are unlikely to make a difference. Businesses need to see increased demand and access to finance if they are to take on more workers, but government must also develop a long‐term vision of the UK labour market and address weaknesses that existed before the financial crisis.     

农村土地承包经营权流转市场法律保障机制研究

伴随着《物权法》的出台,我国关于农村土地承包经营权物权属性的认识已趋成熟,目前主要任务是在转型期我国如何建立健全农村土地承包经营权流转市场,全面实现农民土地承包经营权物权利益,创造增加农民收入和保障粮食安全双赢局面。从法律上明确流转市场的主体、管理机制、激励机制、纠纷解决机制,从实体规范和程序规范两方面建立与完善促进农村土地承包经营权流转市场有序运行的法律保障机制具有积极的理论与实践意义。     

我国卷烟市场监管体系研究——基于管制经济学视角

目前,以政府为中心、以经济性监管和以强制为主的卷烟市场监管模式存在一定弊端,制约着监管效力和效能的发挥。建立和完善以行政执法、行业自律、舆论监督、群众参与相结合的卷烟市场监管体系,实施政府主导、社会广泛参与的市场监管模式,应是完善我国卷烟市场监管体系的方向。