Looking for Europe from the outside

This essay looks at the nature of the new Europe and outlines a number of future trends, focusing on Europe's role in world politics as seen from an American perspective.     

Business and the genesis of the European Community carbon tax proposal

The purpose of this paper is to examine the role of business in the regulatory process associated with the carbon tax proposal. The first part of the paper describes the Community's climate change policy, noting first the essential features of Community environment policy-making, the role of consultation with industry and the significance of the ‘subsidiarity’ principle. This part of the paper moves on to examine the carbon tax proposal and its evolution since 1990. The second part of the paper addresses the specific role which business played in influencing the development of the carbon tax proposal. The general strategy of business was to block the proposal entirely. The paper identifies the potential impacts of the tax on business, implications for corporate strategies and the specific channels through which business influenced the tax proposal, by participating in public debates, through representations to different directorates of the European Commission or by making a case to national authorities. The final part of the paper attempts to draw some lessons about: the business position in relation to large scale environmental problems such as climate change; business responses to economic instruments such as the carbon/energy tax; and the wider relationship between public authorities and business in regulatory processes. The question of whether this relationship has entered a new phase or whether there is still ‘business as usual’ is addressed.     

Reviews

“Urban unemployment”

Hasluck, C., 1987: Urban Unemployment: Local labour markets and employment initiatives. London, Longman, £6.95 paper.

“Property and industrial development”

Fothergill, S., Monk, S. and Perry, M. 1387: Property and Industrial Development London: Hutchinson, £12.95 paper.

“High-tech”

Breheny, M. J. and McQuaid, R. W. 1987: The Development of High Technology Industries: An International Survey. London: Croom Helm, £35.00.

Monde, C. (ed), 1986: Science Parks -- Their Contribution to Economic Growth. Birmingham: UK Science Parks Association, £15.00 paper.

“American perspectives”

Bergman, Edward M. Editor 1986: Local Economies in Transition: Policy Realities and Development Potentials. Durham, NC: Duke University Press, $40.00 cloth, $16.95, paper.

“Marginal regions”

O'Cearbhaill, D. and Cawley, M. (editors) 1986: New approaches to the development of Marginal Regions, 8th International Seminar on Marginal Regions in association with University College Galway, 3 Vote: no price stated.

“Training without jobs”

Finn, Dan 1987: Training Without Jobs:New Deals and Broken Promises:From Raising the School Leaving Age to the Youth Training Scheme. London: Macmillan £6.95.

“The coopera tive workplace”

Rothschild, J. and Whitt, A. J. 1986: The Cooperative Workplace: potentials and dilemmas of organizational democracy and participation. USA: American Sociological Association Rose Monograph Series, Cambridge University Press. No price stated.

“Opposition to plant closures”

Maunders, A. 1986: A Process of Struggle. Aldershot: Gower £20.00 cloth.

“Property data”

Investment Property Databank, 1987: The IPD Annual Review 1987 London, £45.

“Urban economic development”

Hausner.V. A. (editor) 1987: Critical Issues in Urban Economic Development. Volume II. Oxford: Clarendon Press, £22.50 hardback.     

Nonlinear stochastic effects of substitution — an evolutionary approach

Technological innovations have been investigated by means of substitution and diffusion as well as evolution models, each of them dealing with different aspects of the innovation problem. In this paper we follow the well known research traditions on self-organisation models of complex systems. For the first time in the literature we show the existence of a specific niche effect, which may occur in the first stage of establishment of a new technology. Using a stochastic Master equation approach, we obtain analytical expressions for the survival probabilities of a new technology in smaller or larger ensembles. As a main result we demonstrate how a hyperselection situation might be removed in a stochastic picture and thresholds against the prevailing of a new technology in a step-by-step process can be overcome.     

Alternative Lending Channels and the Crisis in U.S. Housing Markets

To what degree has the development of alternative mortgage funding channels promoted the recent boom and bust in U.S. housing markets? Past research examined whether Alt‐A and subprime market shares are correlated with the housing bubble. This article expands the analysis to include the share of specific “alternative” lending terms and finds that the shares of interest‐only and negative amortization loans are important factors in explaining the housing bubble. This result suggests that research on the housing market bubble should focus on the impacts of loan contract terms rather than loan channel.     

Citizen attitude and expectation towards greenspace provision in compact urban milieu

Residents’ views are pertinent in urban-park design and management, yet they are often ignored. Social-empirical studies could enhance socially relevant park design. As a compact city, Hong Kong's limited greenspaces are often too small, surrounded by incompatible activities, and fail to meet user demands and expectations. This study explores the response of citizens living in the crowded urban milieu to inadequate greenspace provision. A questionnaire survey gleaned opinion from residents in representative residential neighbourhoods in old city and new towns. Green sites are appreciated more for pragmatic microclimatic and amenity benefits than social and high-order environmental functions. The principal limitations are deficiency in sports facilities and greenery. Respondents favour more trees, dispersed seating design and large parks. The preferences are mainly related to age, income, education and retirement status. The high-density living milieu may have weakened attitude and perception towards urban nature. The findings could inform public policies and programmes on urban parks. They call for an institutional restructuring to facilitate active public engagement in greenspace planning and management.