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Full-Text Articles in Public Policy

Public Actors In Private Markets: Toward A Developmental Finance State, Robert Hockett, Saule Omarova Jun 2015

Public Actors In Private Markets: Toward A Developmental Finance State, Robert Hockett, Saule Omarova

Saule T. Omarova

The recent financial crisis brought into sharp relief fundamental questions about the social function and purpose of the financial system, including its relation to the “real” economy. This Article argues that, to answer these questions, we must recapture a distinctively American view of the proper relations among state, financial market, and development. This programmatic vision – captured in what we call a “developmental finance state” – is based on three key propositions: (1) that economic and social development is not an “end-state” but a continuing national policy priority; (2) that the modalities of finance are the most potent means of …


Increasing Environmental Performance In A Context Of Low Governmental Enforcement: Evidence From China, Mary Alice Haddad Jan 2015

Increasing Environmental Performance In A Context Of Low Governmental Enforcement: Evidence From China, Mary Alice Haddad

Mary Alice Haddad

How can activists and policy makers encourage better environmental behavior in a context of poor governmental enforcement? This article examines the case of the Institute of Public & Environmental Affairs, a Chinese nonprofit organization, to show how a transparency-based platform can encourage brand-sensitive multinational corporations, their suppliers, their investors, local governments, and consumers to behave in more environmentally responsible ways, even in a context of low governmental enforcement. Using Institute of Public & Environmental Affairs as its model, this article argues that a transparency-based platform can serve an important coordinating function across multiple sectors, creating a mechanism through which market …


Reconstructing Neighborhoods: Case Studies In Foreclosed Housing Acquisition And Redevelopment By Community Development Corporations, David A. Turcotte, Michael P. Johnson Jr., Emily Vidrine, Rachel B. Drew, Felicia M. Sullivan Dec 2014

Reconstructing Neighborhoods: Case Studies In Foreclosed Housing Acquisition And Redevelopment By Community Development Corporations, David A. Turcotte, Michael P. Johnson Jr., Emily Vidrine, Rachel B. Drew, Felicia M. Sullivan

Michael P. Johnson

Community development corporations (CDCs) play a central role in addressing the foreclosed housing crisis in America’s urban neighborhoods. The success of CDCs, however, is closely tied to market forces, neighborhood characteristics, and policies at multiple levels, as well as factors internal to CDCs. What factors support or impede the success of CDCs that operate in such complex environments? We examine the experiences of two CDCs serving two small, ethnically diverse cities in Massachusetts regarding resources, policy, practices and local markets related to neighborhood revitalization. We derive lessons about the factors internal and external to these CDCs that affect their ability …


A Quantum Congress, Jorge R. Roig Dec 2014

A Quantum Congress, Jorge R. Roig

Jorge R Roig

This article tries to address the problem of a corrupt and broken electoral system that has been captured by special interests through big money spending in political campaigns, while at the same time preserving the spirit of the Free Speech Clause of our Constitution. In doing so, this article first reviews and summarizes the different alternatives proposed as potential fixes for the campaign finance problem. It then explains why none of the proposed alternatives can accomplish the dual goals set out above. Finally, the article briefly sketches a proposal for a fundamental reworking of our representative democracy by substituting legislative …


Economics-Based Environmentalism In The Fourth Generation Of Environmental Law, Donald J. Kochan Dec 2014

Economics-Based Environmentalism In The Fourth Generation Of Environmental Law, Donald J. Kochan

Donald J. Kochan

Environmental protection and economic concerns are not mutually exclusive. This article explores some of the issues of economic analysis that might arise as we approach the fourth generation of environmental law. It explains ways that economic analysis can be employed to generate the best environmental rules, including measures under what this article terms as "economics-based environmentalism." Economics-based environmentalism contends that the advantages of using economic principles within a “polycentric toolbox” of environmental law come from the benefits available in private ordering, markets, property rights, liability regimes and incentives structures that will better protect the environment than alternatives like state-based interventionist, …