Nobody downloaded yet

Business , Government and Society - Essay Example

Comments (0) Cite this document
Summary
Macroeconomic Policy Topic and Article Discussion The issue I would like to brief on is the use of macroeconomic policies by governments to regulate the business environment. This issue is covered in chapter 13 of Goldsmith’s book, (Business, Government and Society: The Global Political Economy)…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98% of users find it useful
Business , Government and Society
Read TextPreview

Extract of sample "Business , Government and Society"

Download file to see previous pages The article mainly discussed how US regulatory bodies have put in place the most business friendly policies. The business environment views government policies in terms of the regulatory burden and property rights protection that affects them on their day-to-day activities. The article discusses how the US government still currently ranks among the top countries with regards business-friendly policies, despite the issuance of new regulations as counteractive measures to financial crisis. There had also been numerous deregulatory policies of previous governments, and thus the current government has undertaken to put in place business friendly measures. However, there have been complaints among congressmen, business people, and trade representatives that a significant percentage of unemployment has resulted from overregulation of the business environment by the government. The article shows that the World Bank ranking has also not included a number of critical factors such as skills of the workforce, the size of the market and macroeconomic conditions. Nevertheless, African countries have been reported to have the most unfriendly business environment characterized by numerous regulations.  Major Stake Holders and Their Interests Major stakeholders of macroeconomic policies include the governments’ political class, the society, and investors in the business environment. ...
Concerning changes in governance, the political class alters these guidelines and rules thus affecting the day-to-day operations of businesses. The government plays key role in to the economy of a country as a whole and thus needs to put in place economic policies that would bring economic developments. The governments’ political class being a major stakeholder to macroeconomics, it has continuously interfered with operations of the economy through the construction of public corporations. However, public corporations have been privatized by many governments in a bid to stimulate economic developments through the sale of underpriced shares to private members of the society. Privatization program has been used by nations as an economic reform programs. Stimulation of economic developments has been possible in many economies by coming up with business environments that are more competitive through privatization of public corporations (Rajan & Asher 95). Macroeconomics Theory and Concepts Macroeconomic theory is not the only aspect used by the government to ensure the business environment is favorable for entrepreneurs and for economic growth. Sustained economic growth in most cases depend on structural performance such as government regulations, public sector privatization, favorable policies, liberalization of trade and efficiency of the banking sector. Economic growth that focuses on distributional and progressive improvement has a positive impact of both the interest of the society and the businesspersons. Macroeconomic theories can be complemented by government policies that seek to improve income distribution in the society. Such policies may include reforms with regards to land tenure, access to financial services at affordable rates ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business , Government and Society Essay Example | Topics and Well Written Essays - 1250 words”, n.d.)
Retrieved from https://studentshare.org/business/1434242-business-government-and-society
(Business , Government and Society Essay Example | Topics and Well Written Essays - 1250 Words)
https://studentshare.org/business/1434242-business-government-and-society.
“Business , Government and Society Essay Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/business/1434242-business-government-and-society.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Business , Government and Society

Business, Government, and Society

...Business, Government and Society Clean technology business idea The concept of clean technology, which involves the use of new technological developments to aide in the creation of services and products that seek to optimize the use of the prevailing natural resources and thereby add significant economic value to the users, has been a predominant focus of the contemporary highly technology-based industries (Burtis, Esptein and Parker 7). Almost all governments and investors are keen to create sustainable platforms that are ideally based on the concept of clean technology and are aimed at reducing the resultant impact of human activities on the natural...
6 Pages(1500 words)Essay

BUSINESS & GOVERNMENT

...that will save businesses such as Wal-Mart in case of an economic meltdown. For instance, introduction of greater ties between the interests of business and society influenced operation of Wal-Mart in terms of designing its products and services for its customers. The new regulations that the government has put place aim to promote desired behavior by preventing the company from exploiting customers. For example, Wal-Mart Company had to ask its suppliers to report about its sustainability programs by asking them to report on their environmental concerns such emission of greenhouse gases. In addition, Wal-Mart is offering funding for the development of the second party...
4 Pages(1000 words)Article

Business, government and society

...? BUSINESS, GOVERNMENT AND SOCIETY Table of Contents Table of Contents 2 Genetically Modified Foods Industry Overview 3 Primary Survey 5 Interview with Company Executives 5 Interview with the Associations 9 Interview with Government official 12 Interview with Customers 14 General Findings 17 Key Companies & Strategic Recommendations 19 Roles and Opportunities 19 20 20 Reference List 21 Appendix 23 Focus Group Survey – Customers 23 Focus Group Survey – Government Official 23 Focus Group Survey – NGOs 23 Focus Group Survey – Company Executives 24 Genetically Modified Foods Industry Overview Genetically modified foods are produced from the organisms and...
19 Pages(4750 words)Essay

Discuss the conflicts and tensions between the expectations of society, the aims of business and the roles of government as exemplified by the pharmaceutical in

...Conflicts and Tensions Between Expectations of Society, the Aims of Business and the Roles of Government as Exemplified in the Pharmaceutical Industry I. Introduction The diversity of roles played by different sectors of society leads to varied expectations. In the relationships between government, business and the public, we find conflicts and tensions in terms of management systems and economic impact of business activities, government regulations and the demands of the public. More often than not, the aims the core aims of business which is to gain profit and sustain its operations...
9 Pages(2250 words)Essay

U.S. Homeland Security and the Business, Government and Society

...HOMELAND SECURITY: GOVERNMENT, BUSINESS AND SOCIETY Homeland Security and Government In the wake of September 11attacks, the Bush administration created the Department of Homeland Security with the primary objective to coordinate and organize efforts against terrorism and to better implement counterterrorism strategies in the United States. Despite some serious threats to national security observed during the Clinton administration in the form of some highly successful bombings and some foiled plots, nothing significant was carried out to develop or implement counter-terrorism policies. It was only after the September 11 tragedy that Bush administration was forced to take...
18 Pages(4500 words)Essay

Applying the 4 Models of the BGS (Business Government & Society) Relationship to the current debate over U.S. HealthCare Reform

.... The Dominance Model Under the dominance model, it is the business and the government that dominates the people for the benefit of the few (Steiner and Steiner, pp. 12 - 14). Since the main purpose of implementing the current U.S. health care reform is to ensure that each American individual will have the access over the local health care services, dominance model does not apply to the current U.S. health care reform. (See Figure III – The Dominance Model on page 4) Figure III – The Dominance Model The Countervailing Forces Model Under the countervailing forces model, the businesses is very much integrated into an open society before it will respond to different forces...
5 Pages(1250 words)Research Paper

Society-Law & Government

..., alcohol had been a way of escape since 18 percent of all probationers were arrested for driving intoxicated or under the influence of alcohol (Glaze, 2001). I would definitely agree with the statistics given the fact that the general American public is very stressed out with ways of coping with financial difficulty that almost everyone is experiencing right now. 2) What impact has stratification had on the delivery and quality of legal services in the United States? Social stratification refers to the various strata of social groups that make up the community. Social groupings based on gender, ethnicity, power, economic affluence, are just a few means to which people are grouped together. For instance, in our current...
3 Pages(750 words)Essay

Marijuana and Alcohol are bad for the health and mind and should not be used as a business product by some companies or government who don't care about the society to only harm them and get the benefit from them, which is money

... Marijuana and alcohol are the most commonly abused drugs in the world. This can be explained by the fact that these drugs are readily available for a cheaper price. Marijuana for instance, can be obtained for an amount much less than a dollar. In continents like Africa, alcohol is obtainable at very cheap prices considering the fact there exist market for illicit brews, which are even much cheaper to obtain. Suppliers of these drugs make huge profits from the sales of these drugs since for example; marijuana producers and suppliers do not pay taxes, as the drug is illegal in most parts of the world. Illicit brewers also do not pay taxes, as the government does not recognize their businesses. However, what is of concern... cells, it...
2 Pages(500 words)Essay

Chapter question response. ASSIGNED TEXT: George A. and John F. Steiner, Business, Government and Society A Managerial Perspective, 13th Ed., 2009, McGraw-Hill, N.Y. ISBN: 978-0-07-811267-6

...1. Prepare a written response to question #6 on page 120. Do animals have rights? If so, what are they? What duties do human beings have toward animals? Does KFC protect animal welfare at an acceptable level? Animals do have rights, and that is to ensure that they do not suffer from cruelty or any inhuman treatment. This does not mean that they cannot be killed, just that it must be done in a way that is considered to be harmless and result in little pain. Just like human have basic rights, such as education, healthcare, and basic living conditions, animals also have similar rights, although they may be a little different. Human beings do have a duty toward animals, and that is to make sure that they are in an environment where... Prepare a ...
2 Pages(500 words)Case Study

Issues of medical waste related to business, society, and government

...in such a manner posing a threat to the society. The haphazard disposal pollutes the environment making living around dump sites uncomfortable. The government, society and the business firms all have to work in unison to alleviate the problem of medical waste. The society is the receiver of the shortcoming of poor medical waste handling. The gases released in the atmosphere from the hospitals like sevoflurane, isoflurane and desflurane contribute to global warming (Talsma, 2009). The society is suffering from poor medical waste management. The hospitals disposing of the waste are part of the society as their...
4 Pages(1000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Business , Government and Society for FREE!

Contact Us