Innovative practices in public procurement partnerships: The case of the United States

Public procurement partnerships represent a new approach to conducting government acquisition. These partnerships are predicated on the notion that governments today simply lack the requisite knowledge, skills and financing to provide core public services and acquire sophisticated services, IT and knowledge development by themselves. Instead, governments need to enlist the collective energies of the governmental, business and non-profit (third) sectors. This research looks at the concept of public procurement partnerships in the United States and the major trends promoting their use. Two case examples of public procurement partnerships are presented; one from the perspective of a government partner, the other from the perspective of a private (third) sector partner.     

Futures studies comes of age: twenty-five years after The limits to growth

Twenty-five years ago, the publication of The limits to growth marked a period of accomplishments in the futures field. Today, futures studies is experiencing another burst of development and is ready to move more fully into mainstream intellectual life and the standard educational curriculum. In addition to continued work on methods, theory, and empirical research, the resolution of three issues might help persuade established academic communities of the serious purposes and sound intellectual contributions of futurists. They are (1) the adoption of an adequate theory of knowledge (critical realism is proposed), (2) the recognition that prediction does play a role in futures studies (so we can deal explicitly with the philosophical challenges it poses), and (3) the formulation and justification of core values (so we have a valid basis by which to judge the desirability of alternative futures). I propose a critical discourse among futurists in order to resolve each issue. The desire to make futures thinking a part of everyone's education is not, of course, mere futurist chauvinism, but is based on the conviction that futures studies has important contributions to make to human well-being.     

A community of futurists and the state of the futures field

Criticisms of futures studies ought to be evaluated in comparison with those of other fields. For example, compared to the established disciplines, futures studies is less fragmented and has many positive features. Also, controversies among futurists do not mean that futures studies is not a field. Rather, one hallmark of any field of inquiry is that its members constitute a disputatious community. Moreover, futures studies is unified by interlinked and overlapping networks of communications and influences among futurists, a shared transdisciplinary matrix, and the growth of a futurist canon. The future of futures studies is bright, because it is reasonable to hope that futurists will be able to establish the field in most of the world’s colleges and universities.     

The impact of regulatory measures on commercial bank interest rates: A micro analysis of the Barbados case

This study estimates the impact on commercial banks' interest-rate behavior of the more pervasive regulatory measures adopted by the Central Bank of Barbados. The results indicate that the cash ratio, the stipulated government securities ratio, and the savings deposit rate floor significantly impacted the loan rate for every bank. Generally, the deposit rate for any given bank has been responsive to fewer policy variables than the loan rate. The loan rates, though generally responsive to all policy variables other than the bank rate, have exhibited very low elasticities. The results indicated that the ceiling on the average lending rate, when it existed, depressed loan rates by less than 1 percent on average. This is largely attributable to the Central Bank's policy of adjusting the ceiling in line with market trends.