Expert insights into forces shaping policy decisions
- In politics and economics, unsuspected forces can have a profound impact on anything from the administration of justice to the movement of financial markets.
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The event, which took place in Central on April 23, was another opportunity for leading academics from HKUST Business School to share recent findings with a wider audience and invite questions and feedback. As they did so, it also became clear that greater public awareness and alternative sources of data may well lead to further change.
Focusing on the US, Professor Deniz Okat, Assistant Professor in the Department of Finance, explained how the government has a great deal of control over the juridical system in the way candidates are nominated and confirmed for positions as federal judges.
Older judges are easier to agree on, largely because they will have fewer opportunities to make an impact. My theoretical model predicts weaker nominees are more likely to be appointed.
Older judges are easier to agree on, largely because they will have fewer opportunities to make an impact. My theoretical model predicts weaker nominees are more likely to be appointed.
However, the US constitution also includes many checks and balances. In many cases, these make it necessary for the ruling party to compromise with the opposition, the idea being that this leads to the best overall outcome.