The following is a summary of governance developments over the past year in select global capital markets. Included in the review are interviews with good governance advocates and observers detailing the impact of recent regulatory changes and governance trends in Hong Kong, Switzerland, and Turkey. A review of governance developments in major capital markets including the United Kingdom, Canad...

As you are aware, the year 2008 has started off with the continuation of some of the challenges that resulted in significant disturbances in world financial markets: the impact of the sub prime market turmoil which originated in the US is still spreading across Europe and other financial markets; the Northern Rock crisis in the U.K. has raised serious regulatory issues; and the large frauds in ...

Changes in the international system, along with crises in the Middle East and the emergence of inefficient states coexisting with religious and racial groups in the region, make one wonder about the nature of the state in today’s systematic world, in general, and the nature of the state in the Middle East, in particular. The present study provides a theoretical framework based on quantum mechan...

Sustainable governance of the ocean demands a more integral and timely role for science. Although, science hasplayed a limited role in global ocean governance regimes, science has made essential contributions to governance onregional scales, particularly when there is strong scientific consensus, clear identification of problems and solutions,and convergence with cultural ideas. Sci...

This article builds a theoretical framework to help explain governance patterns in global value chains. It draws on three streams of literature – transaction costs economics, production networks, and technological capability and firm-level learning – to identify three variables that play a large role in determining how global value chains are governed and change. These are: (1) the complexity o...

OBJECTIVES The impact of donors, such as national government (bi-lateral), private sector, and individual financial (philanthropic) contributions, on domestic health policies of developing nations has been the subject of scholarly discourse. Little is known, however, about the impact of global financial initiatives, such as the Global Fund to Fight AIDS, Tuberculosis, and Malaria, on policies a...