Mode of International Investment and Endogenous Risk of Expropriation

This paper analyzes the relationship between the mode of international investment and institutional quality. Foreign investors from a capital‐rich North can either purchase productive assets in a capital‐poor South and transfer their capital within integrated multinational firms or they can form joint ventures with local asset owners. The South is ruled by an autocratic elite that may use its political power to expropriate productive assets. The expropriation risk lowers the incentive to provide specific capital in an integrated firm and distorts the decision between joint ventures and integrated production. We determine the equilibrium risk of expropriation in this framework and the resulting pattern of international production. We also analyze as to how globalization, which is reflected in a decline in investment costs, influences institutional quality.     

Beyond nationalism: the universality of nonviolence

The greatest misconception about nation-building is that violence is always the ultimate form of defeating injustice and fighting a dictatorship. But during the last century, Mahatma Gandhi and many others have proven that nonviolence can be a powerful force which is capable of going beyond nationalism. Gandhi's profound analysis of the notion of ‘civilization’ places many new and important questions on the agenda of moral and practical philosophy today. In the march beyond nationalism, our world can move along with Gandhi's idea of civilization as nonviolence to get clear cut results in solving the problems related to poverty, war and violence.     

How Transdisciplinarity Can Help to Improve Operations Research on Sustainable Supply Chains—A Transdisciplinary Modeling Framework

We present a transdisciplinary modeling framework that enhances collaborative research on sustainable supply chain management (SSCM). Decision support concerning such systems is commonly provided using operations research (OR) methodologies. The quality of respective models depends on the appropriateness of both mathematical representation of the focal system and data input. Concerning this matter, OR faces severe criticism as groundwork is commonly neglected. This results in a lack of holistic understanding and in insufficient modeling of real‐world problems. Crucial characteristics of the underlying system are often over simplified due to single‐discipline assessments. Particularly, in the context of complex sustainability challenges, multiple nonacademic competencies and expertise are required. Although latest research indicates that collaborative research settings are highly beneficial regarding SSCM, a dearth of integration between disciplines exists. Therefore, we develop a conceptual framework that helps to overcome these shortcomings based on the paradigm of transdisciplinary research (TDR), which needs substantiation to enhance collaboration and to ensure applicability. Accordingly, we propose appropriate methodologies for each step within the framework. Overall, the framework enables holistic analysis of a focal system by providing a sound approach for SSCM‐oriented TDR projects. The value of the framework is eventually demonstrated by two cases that deal with SSCM issues.     

Natural resource extraction,corruption, and expropriation

We develop a formal model that looks at the mutually endogenous determination of foreign direct investments in the extraction of natural resources, at the decision of host governments to expropriate these investments, and at the level of corruption. Higher investments in resource extraction make expropriation more attractive from the perspective of national governments. A low expropriation risk is in turn an important determinant of international investments and is therefore associated with high levels of resources extraction. Moreover, investments in the resource sector also raise corruption. Our theoretical predictions are confirmed by estimations of a simultaneous equation model in which we endogenize expropriation risk, corruption, and resource extraction.     

Using Analytic Hierarchy/Network Process (AHP/ANP) in Developing Countries: Shortcomings and Suggestions

This article intends to shed light on the problems arising in the benefit–cost (BC) analyses through the analytic hierarchy/network process (AHP/ANP) in developing countries when analysts may encounter lack of data, deficient databases, defective information, and, more important, the lack of groups of specialists with considerable expertise. In this article, through a comparison between the AHP/ANP and conventional engineering economy techniques, the major concerns that may be encountered are theoretically addressed. Then, through a real case project appraisal, the specific developing country-related issues that can distort the AHP/ANP results from the BC analysis are demonstrated.     

Implementing a model for identifying organizational complications for the purpose of increasing productivity in hydropower plant

The present economical conditions on today＇s world require specific point of view and policy making in business agencies. In this competitive world to achieve competence, competitive advantages in order to better governance, organizations have to increase their competitive powers through promotion and productivity. One of the fundamental approaches to elevate the productivity level is finding the complications and obstacles, and arise planning to remove them. In order to understand organizational complication, we have tried to take critical factors of success and continue improvement into consideration to demonstrate a model to find the main and radical problems and complications and recognize the recoverable areas in the business agencies. In order to verify and validate the performed research, he planned model has been accomplished in the Hydropower Plant Department, positive and acceptable results were obtained and organizations total factor productivity improvement was achieved which was appreciated by the organization.