Nobody downloaded yet

Governance and policy - Essay Example

Comments (0) Cite this document
This paper is about identifying the trends in British economic policy that are apparent because of the credit crunch in the US and UK economies since the winter of 2007. The paper explains how the trends have been identified with reference to the credit crunch as well as what…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.8% of users find it useful
Governance and policy
Read TextPreview

Extract of sample "Governance and policy"

Download file to see previous pages r administration in the UK adopted what can be called “supply side” economics, the cornerstone of which was reducing the tax rates for corporates with a view to encouraging them to produce more.
The contention of this author is that the credit crunch of 2008 represents stresses that have been building up ever since the 1980’s and these are the result of the brand of economics and policies followed in the US and UK from that time onwards. As I point out in subsequent sections, the changes in the banking sector because of macro and micro factors led to the financial system being unstable. The fact that there were several crises, notably the Northern Rock, the Savings and Loans scandal along with the periodic instability that led to the Asian financial crisis of 1997 did not make it easy for the regulators as well.
The credit crunch can be blamed on a combination of factors that include bad regulation, excessive speculation and a tendency towards risk taking that went beyond the acceptable levels. This tendencies were building up throughout the period starting in the 1980’s and reached their apogee in 2007 when the bubble burst with the fall in the housing market and consequent contraction of the economy. What exacerbated the situation was the spike in Oil prices in 2008 which meant that people had lesser money to spare for repaying their mortgages as the oil price increase pinched the wallets of the consumers (Rubin, 2009).
Atkinson and Elliott point out: The modern era has been characterized by slower growth in average real incomes, higher levels of debt to maintain living standards, greater job insecurity and financial crises that have become more frequent and more far reaching. The only class that has benefited unambiguously from this new world order is that of the gods of greed (Elliot and Atkinson, 2008). To explain this point further, what has essentially happened is that there was excessive speculation that came from availability of easy credit and ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Governance and policy Essay Example | Topics and Well Written Essays - 1500 words”, n.d.)
Governance and policy Essay Example | Topics and Well Written Essays - 1500 words. Retrieved from
(Governance and Policy Essay Example | Topics and Well Written Essays - 1500 Words)
Governance and Policy Essay Example | Topics and Well Written Essays - 1500 Words.
“Governance and Policy Essay Example | Topics and Well Written Essays - 1500 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Governance and policy

Policy Making and Contemporary Governance in the United Kingdom

...?Policy Making and Contemporary Governance in the United Kingdom Governance is referred to an exercise ity and a system of management or government which is an issue of concern in all organizations including large corporations to small governmental agencies ranging from profit to non-profit organizations. Within an organization, it is the board that takes care of the accountability of an organization to its “owners and stakeholders”. The essence on governance particularly relates to public traded organizations that mainly focus on accountability, responsibility and profitability. Corporate governance has all the more taken a significant position than it had in the earlier times (Jackson, Derose & Beatty, 2003, p.4). It was after... ...
15 Pages(3750 words)Essay

Policy & Governance In Sustainability: Environmental Injustice in Superfund Sites

...? Policy and Governance in Sustainability: Environmental Injustice in Superfund Sites Policy and Governance in Sustainability: Environmental Injustice in Superfund Sites Introduction The increase of industrial activities has led to the exacerbation of environmental problems. In the modern society, environmental problems are at the center stage of the social issues that affect societal functioning. Notably, their negative implications are pervasive and compromise the wellbeing of both the current and future populations. This has further been compounded by the cross boundary nature of these implications. In this respect, both the communities that reside in the affected area...
6 Pages(1500 words)Essay

Policy and Governance in Sustainable Systems

...? Policy and governance in sustainable system Task: Policy and governance in sustainable system “What are some of the problems of democracy? How does this affect environmental policy?” The freedom guaranteed by our democracy seems to open ways to attacks upon a country’s sanctity or security. The biggest problem connected with democracy is that individuals in a country have to make the government to be how they want it to be. For instance, currently, people want the government to operate under a budget that is fair, when in the real sense that never happens. Instead, they end up electing the leaders who use the...
4 Pages(1000 words)Term Paper

Governance and Public Policy, it refers to the introduction of private sector management methods and incentive structures including market competition to the public sector. As good governance, there is a marriage of the new public management with liberal democracy. As a socio-cybernetic system, it refers to the interdependence of socio-political-administrative actors. And finally as a self-organizing network, it refers to networks seeking to establish their own policies and manage their environments (Rhodes, 1997). Other authors emphasize different points relating to governance. Farazmand (2004) highlights the international element of governance, including the fact that effective...
12 Pages(3000 words)Essay

Governance and Public Policy

...the world. These factors are also seen as the major reasons for deteriorating environmental conditions across the globe. The primary role of governments is to provide a coherent guideline of governance through well defined constitution and policy framework. The policy frameworks are important part of administration processes that are designed to improve and improvise the diverse welfare programmes of the public at large. The various areas of the public welfare domain like health, education, environment, energy etc. require comprehensive understanding of the wide ranging implications of the government policies. Paul Sabatier, noted...
3 Pages(750 words)Essay

Governance and Public Policy

...Governance and Public Policy Relocation of about 900 residents from Graves Manor to pave the way for the expansion of themedical school is an indication of space shortage in the area (Reinke 14). The relocation is a plan to maintain the economic status of the city bearing in mind the benefits associated with the presence of the school to the town inhabitants (Reinke 17). The commission in conjunction with the state administrator intends to develop a succinct plan for relocating the inhabitants in other areas in order to retain the benefits the school brings to the town. A succinct housing strategy would be fundamental to prevent any future controversies (Reinke 21). This will be vital in constructing...
1 Pages(250 words)Case Study

Environmental policy and governance

...and other non-conservative energy sources. The author argues that the use of oil and other polluting forms of energy have declined to the consideration of a sustainable future and reduce environmental health issues and deficits. He considers a policy to govern the use of oil in the industry globally and encourage the use of clean sources of energy. He hints at the involvement of the private energy sectors and other stakeholders to help in the implementation of such policies with the intention of reducing energy related pollution of the environment. The increase of oil prices has improved commitments in the policy formulations for clean energy developments. The author...
3 Pages(750 words)Annotated Bibliography


...the business hence its labor market is the least regulated among the Organization of Economic Cooperation and Development (OECD) countries besides U.S and Canada (CIPD 2011: 5). On the other hand, collectivist countries engage in step by step planning to avoid conflicts and use of laws and regulations to guide behavior. Masculinity vs. feminity refers to the degree to which a country is attached to male of feminine values. As such, masculine nations like Britain emphasize on competitiveness, ambition, power, challenging careers, and success (Hofstede 2001; Hofstede, Gert & Minkov, 2010). Feminist nations on the other hand, stress on relationships and quality of life hence welfare policies are more important than...
9 Pages(2250 words)Essay

Governance for Environmental Sustainability - Policy Analysis

...The National Agricultural Policy of India 2000 -2020 al Affiliation National Agricultural Policy (NAP) of 2000 wasreleased by the Indian government as its strategic plan for the next 20 years. It was developed to serve the greater needs and improve of the Indian agricultural sector through scientific and technological upgrade. After a period of green revolution and disintegration of agricultural policies, which introduced other challenges and opportunities in Indian agriculture, there was a need to come up with a formal statement that gives direction to the broader agriculture (both of fertile and dry lands) and those untapped potentials. The document provides an analysis...
6 Pages(1500 words)Essay

Health Management Information System Governance and Policy

...performs this role by developing and implementing policies benefiting the health system. Some government policies include: Regulating civil society organizations- Constraining functionality of organizations with regard to service delivery and their capacity to advocate health services. Regulating pharmaceuticals – Improving the quality of medicine assurance and influence supply and delivery of medicine into the country. Regulation of businesses by government policies such as taxation- The government’s intervention to an extent influences the degree of participation by the private sector in health care. Adopting quality health standards-...
10 Pages(2500 words)Research Paper
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 Governance and policy for FREE!

Contact Us