How should we approach legal decisions regarding private property for public use? How can constitutional risk be managed in order to maximise the benefits? In this article adapted from the author’s book The Constitution of Risk, Adrian Vermeule explores such questions, looking at the role of constitutional risk within free market development, financial regulation, and how constitutional rulemakers are able to optimise strategy in these fields.
September – October 2014
Shock from Graying: Are Grandparents Responsible for the Weakening of Monetary Policy Effectiveness? Global Cities New Capitalism: A Holistic Approach to Development Development A Watershed in the Financing of Infrastructure for Water Security Law Sustainability Sustainability: Getting Down to Business Climate Change: What It Means for Us, Our Children, and Our Grandchildren Russia United States Brazil China The Hidden Advantage Of Chinese Subsidies
Finance
Making Sustainable Attainable
Ian Brooks
Patrick Imam
Cities in a Global Order
Simon Curtis
Interview with Jan Sturesson
Gearing Corporate Reporting to Promote Sustainable Development
James X. Zhan
John Briscoe
The Constitution of Risk
Adrian Vermeule
Climate Change: Legal, Financial, Economic and Risk Management Issues
Tapen Sinha
Interview with Nikos AvlonasIs Effective Waste Collection the Key to a Circular Economy?
Jonas Törnblom
J. F. C. DiMento, P. Doughman and S. Levesque
Toward a New Global Russia: Leaving the BRICS Behind
Terence Tse, Mark Esposito, and Olaf Groth
America’s Never-Ending War in the Middle East
Flynt Leverett and Hillary Mann Leverett
The Brasília Consensus: Looking For A Second Wind
Lourdes Casanova and Julian Kassum
Contemporary Business and Management Challenges in China
David De Cremer and Jess Zhang
Usha C. V. Haley and George T. Haley
Luxury Brands Need to Chart a Course into New Frontier Markets
By Glyn Atwal and Douglas Bryson
The progressively unpredictable dynamics of the BRIC markets are now challenging luxury brands to rethink their global market strategies. Below, Glyn Atwal and Douglas Bryson argue that as luxury brands seek to adapt to new market circumstances, attention has begun to shift to new frontiers.
The Rise of the Petroyuan and the Slow Erosion of Dollar Hegemony
By Flynt Leverett and Hillary Mann Leverett
For seventy years, one of the critical foundations of American power has been the dollar’s standing as the world’s most important currency. For the last forty years, a pillar of dollar primacy has been the greenback’s dominant role in international energy markets. Today, China is leveraging its rise as an economic power, and as the most important incremental market for hydrocarbon exporters in the Persian Gulf and the former Soviet Union to circumscribe dollar dominance in global energy—with potentially profound ramifications for America’s strategic position.
Internationalising Media Studies
By Daya Thussu
For hundreds of years the West has dominated the world of Media Studies, but Daya Thussu is about to prove to us that countries such as China and India are fast becoming a challenge to the Western hold on the world of Media Studies.
Brazil: Shaping a New Strategy for Global Trade & Investment
Brazil’s economic strategy is the expression of an approach that is mostly insular, privileging through every angle its domestic market over a more incisive interaction with the global economy. Below, Marcos Troyjo argues that becoming more of a big player in the global economy would definitely represent a major change for Brazil, which has traditionally looked to its domestic market as the driver of growth.
Urban Development In India
By A. Panagariya, P. Chakraborty & M. Govinda Rao
Below, Arvind Panagariya, Pinaki Chakraborty and M. Govinda Rao give a detailed account of India’s vast need for urban development, and suggest there are important governance issues surrounding the need to bring India into the 21st century.
How Finance is Shaping the Economies of China, Japan, and Korea
By Yung Chul Park, Hugh Patrick, and Larry Meissner
In what ways, and to what degree, has the financial system mattered, and what roles has it played, in the Japanese economy since about 1990, in the Korean economy since about 1980, and in the Chinese economy since its reform process began in 1978? These topics are taken up in this extract from How Finance is Shaping the Economies of China, Japan, and Korea. Ultimately, the fact of rapid catch-up growth in each country is the best evidence that financial intermediation has, somehow, been successful. Finance does matter.
EDITOR'S PICK OF THE WEEK
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...
