Community empowerment in vogue or vain?

Community is in vogue. But what does it mean and what could it mean, particularly for the residents of inner city areas and peripheral estates faced with poverty and deprivation and cut off from mainstream economic opportunities? This paper examines the concept of community drawing upon work recently undertaken on community involvement in City Challenge (Docklands Consultative Committee and Barrow Cadbury Trust, 1994). We ask the question, has urban policy really engaged with urban communities, and if not, how could it do so?

Urban policy has zigzagged from one set of initiatives to another. Whilst policy has been moulded over time to reflect differing government ideologies seeking to account for the root of the urban malaise, essentially many of Britain's inner cities are still facing the same deep-seated socio-economic problems, identified in the government's 1977 White Paper, A Policy for the Inner Cities.

Community involvement in these initiatives has had a chequered history. First, it was a starting point for tackling deprivation in the Urban Priority Areas, and then incorporated into the Community Development Projects of the early 1970s. In the 1980s urban communities reverted to a role as spectators to property-led regeneration. In the 1990s, the word “community” is being extensively employed in the urban debate.     

The halo effect in store image measurement

This research investigates the use of alternative rating procedures, familiarity, attribute importance and respondent sex on the magnitude of the halo effect present in store image, measurement. The results indicate that while there was little difference in the impact of the two measurements on the halo effect, both subjects’ familiarity with the store and attribute importance had an impact on the degree of halo effect present. Further, respondent sex interacted with attribute importance such that females were less subject to halo effects than males when important attributes were involved.     

Nuclear energy: Tenfold expansion or phase-out?

Today, consensus is strengthening that mankind ought to prevent atmospheric carbon dioxide concentrations from more than doubling, since such a doubling is likely to cause a significant interference with the planet's climate system, to which it might prove difficult to adapt. Nuclear energy possesses large disadvantages, among which waste, proliferation and safety. An expansion of nuclear energy would encounter great social, institutional and economic barriers. Because the 21st century requires a radical transformation of global energy production and consumption towards nonfossil fuels, however, it is one of the noncarbon emitting alternatives that, at present, deserve enhanced research and development efforts. If nuclear energy were expanded 10-fold, it could contribute significantly to mitigating carbon emissions: a 10-fold expansion of nuclear energy could avoid about 15% of cumulative carbon emissions over the period 2000–2075. Nuclear energy, however, can be no panacea for the problem of global warming. Even with a massive expansion, nuclear energy should be complemented by drastic fossil fuel decarbonization measures or the development of renewable energy resources. Preferably, a combination of both should be targeted and complemented by far-reaching efficiency and savings regimes. Since the risks for humanity resulting from climate change are high, it would be unwise to currently abandon any noncarbon energy resource, including fission. A central thrust of continued research and development into nuclear energy ought to be the design of satisfactory nuclear waste depositories and of safe reactors that are less susceptible to proliferation risks.     

The dual contributions of information instruments in return models: magnitude and direction predictability

By partitioning asset return prediction errors, we show explicitly the dual role of magnitude and sign prediction of return instruments. We demonstrate analytically that sign prediction directly affects heteroskedasticity in asset returns; increases in precision attenuate the heteroskedasticity. Our findings with monthly asset returns are consistent with earlier evidence and indicate that our proposed analytical model captures the sign predictive component of returns. Our results are supportive of a nonlinear return generating model that can be thought of as the product of a model, perhaps linear, for forecasting return signs and a model for forecasting return magnitudes.     

Some New Evidence on the Determinants of Large- and Small-Firm Innovation

Empirical analyses presented by Acs and Audretsch suggest differences in the market structure determinants of innovation between large and small firms in U.S. manufacturing. The evidence they offer is ambiguous. By using data for a different country (The Netherlands), a different measure of innovation and a different aggregation level, we offer new evidence, allowing a revaluation of the findings for the U.S. material. Moreover, the influence of the market structure determinants does not appear to differ between a period of sluggish growth (1983) and one of relatively high growth (1989).     

Cultural Political Economy: Logics of Discovery,Epistemic Fallacies,the Complexity of Emergence,and the Potential of the Cultural Turn

As a result of a long-running internal debate there have been notable incremental changes to how the International Monetary Fund (IMF) treats capital controls, particularly those directed at inflows. These changes combine new acceptance of these policy instruments with an older emphasis on their negative consequences and on the desirability of free movement of capital. Policy change of this sort is puzzling from the standpoint of the existing literature on international organisations (IOs), which has thus far paid little attention to transformative incremental change associated with long-term contestation. This article departs from this tendency by drawing on insights from principal–agent theory, constructivism and historical institutionalism to identify the conditions under which such change may originate. I argue that actors within IOs are likely to pursue incremental change by layering new policies on to old ones as a way to build coalitions and to respond to external organisational insecurity imperatives and diverse member state preferences and to internal path-dependent organisational cultural features. Over time the incremental shifts brought by layering can induce transformative rather than reproductive change because they fit with consequentialist and appropriateness behavioural logics. I illustrate this argument by investigating recent changes in IMF policy on capital controls.     

The Influence of Decentralized Bargaining Systems on the Introduction of Continuous Improvement Practices in Australian Automotive Components Companies

The study examines the nature and impact of Japanese idea of continuous improvement (CI) at 14 automobile components companies in Australia. It assesses the extent to which CI practices inform management systems and work organization. The study is focused on the degree to which decentralized bargaining systems, and reforms in the Australian vocational education system have facilitated the adoption of continuous production. The results indicate two patterns of production management in the companies, termed the elaborated commitment, and the basic commitment, respectively. The authors conclude that collective agreements were seen as an important vehicle for the advancement of management strategies on CI, although management preferences in relation to work demarcations and training were not significantly advanced within the agreements. They observe that there is no single Australian production model, and that company effects, as described by MacDuffie (1995) seem to predominate.     

Integration of Financial Services

Abstract

Integration financial services is a term with many meanings. Definitions might include:

• ownership of different segments of financial services,

• the distribution of products of one segment by another, and

• a consumer-centric strategy driven to satisfy the needs of the customer regardless of organizational structures.

For the purposes of my paper, I will define it as the erasing of boundaries leading to consumers receiving value propositions that are not restricted by traditional industry segment barriers.