and the requirement for exit. The next several decades pose a major challenge for Western firms and political systems as these forces continue to work their way through the worldwide economy.

in public policies, political stability, and other economic indicators. In the case of Sub-Saharan Africa, economic growth is associated with low schooling, political instability, underdeveloped financial systems, distorted foreign exchange markets, high government deficits, and insufficient infrastructure

that there are circumstances when government provision of deposit insurance can produce superior contracts. This article is reprinted from the Journal of Political Economy (June 1983, vol. 91, no. 3, pp. 401--19) with the permission of the University of Chicago Press. The views expressed herein are those of the authors

equilibria under plurality rule have exactly two candidates, whose positions are distinct. Two-candidate elections are more likely under plurality rule than under a runoff system (cf. "Duverger's Law"); the candidates' positions are less differentiated under a runoff system. There exist

exoelectrogenic microbe in bioelectrochemical

This paper analyzes the effect of ethnic division on civil war and the role of political systems in preventing these conflicts. First we show the importance of religious polarization and animist diversity in explaining the incidence of ethnic civil war. We find that religious differences are a

This paper analyzes the functioning of the legal and political system of the Republic of Macedonia since its independence in 1991, regarding inter-ethnic relations and their legal and political solutions which are analyzed from the perspective of the process of democratization of the country

Analyzing political conservatism as motivated social cognition integrates theories of personality (authoritarianism, dogmatism–intolerance of ambiguity), epistemic and existential needs (for closure, regulatory focus, terror management), and ideological rationalization (social dominance, system

In this paper we analyze theoretically and empirically the stability of the different political systems; that is, their ability to prevent conflict. According to our model, the proportional system has a lower probability of group rebellion than the majoritarian system. In the empirical part we

ABSTRACT: The multiparty political system can destroy real democracy in the name of pluralism. Where electoral parties are not based on differing fundamental values, as in United States, they unnecessarily interfere in the direct relationship between the constituent and his supposed representative