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Why Have Politicians Abandoned Economic and Financial Policies to Non-Elected Bankers?

By Rodrigue Tremblay

Since 1999, non-elected bankers have been in charge of economic policy in the US and other countries, with questionable results. Are we on the verge of a new financial crisis?

Turkey Faces A Fateful Crossroad

By Alon Ben-Meir

Turkey’s strength has thus far been its ability to project itself as a country that has found a balance between a democratic form of government and Islam as the state religion. Serious questions are being raised as to whether Turkey can, in fact, offer a model of Islamic democracy with constitutional checks and balances necessary to preserve the democratic principles of the state. Turkey’s continued rise to prominence or its decline will depend on the preservation of that balance.

Anti-Corruption Drive – Critical to Future, International by Nature

By Dan Steinbock

No inclusive growth is conceivable without success in Nigeria’s anti-corruption drive. Today, that struggle is increasingly global.

Sovereign Liability for Cross-Border Torts: How US Courts Are Meeting The Challenges Posed By International Terrorism and Cyber Torts

By Charles H. Camp and Theresa Bowman

This article explores the problems of tackling cyber terrorism in US courts, as the difficulties of cross-border cases and sovereign defendants bring new challenges when seeking justice for terrorist acts. Following several high profile cases over the last two decades, Charles H. Camp and Theresa Bowman explain how the legal definition of “terrorism” is becoming out-dated as terrorism becomes technological.

Does Sustainable Performance Mean Abandoning Capitalism?

By Martin P. Thomas and Mark W. McElroy

We introduce multi-capitalism and the MultiCapital Scorecard as a means of extending capitalism to include social and environmental performance. Setting related standards in organisations’ own contexts starts profound learning and also answers the question: “How much is enough?” Leaders can then formulate strategies to become environmentally, socially and economically sustainable.

The Struggle for Brazil – and Against the BRICS

By Dan Steinbock

While international media focuses on Brazil’s mass demonstrations against corruption, efforts behind the façade precipitate regime change, restoration of a pre-Lula order, and a struggle against the BRICS nations. The US feels threatened by an era of multipolarity, which deeply implicates China, and other emerging economies.

Understanding Corporate Credibility in Repeated Game between Enterprise and Stakeholders

By Zonghao Bao and Han Wang

This article investigates whether and how the interaction and repeated game between enterprise and stakeholders can influence corporate credibility performance in practice. The authors use the Corporate Social Responsibility (CSR) reports, which are published by 1000 enterprises in Shanghai, as their data source and evaluate their credibility performance in 2015. The findings provide guidelines for social credibility construction in Shanghai.

May – June 2016

Rejuvenating the European Economy: The Role of Islamic Finance

By Sohail Jaffer

Commenting on the sharp decline in European banks’ share prices in the early weeks of 2016, which it described as a “concern”, the IMF advised that “a robust banking sector is required to support investment and economic recovery.” Islamic finance is in many respects ideally positioned to buttress the rejuvenation of the European economy.

People Are Likening the Next Philippine President to Donald Trump. Here’s Why.

By Walden Bello

A hapless elite, an angry electorate, and a brash front-runner with little regard for democratic norms: The latest Philippine election sounds a lot like America’s.

EDITOR'S PICK OF THE WEEK

CFO's new mandate. CFO explaining the presentation

The Performance and Transformation Orchestrator: The CFO’s New Mandate in the Age of AI

By Terence Tse CFOs are evolving into AI-driven transformation orchestrators, balancing finance, technology, and strategy while upskilling teams, managing risks, and driving measurable business value. A key insight from this year’s AI for CFOs event, organized...

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