Power extends further than in the state, it exists in a social and economic aspect and is a valuable tool as power enables one to have influence over others. There are constant power shifts as different groups gain and lose power depending on their success as power leader. The distribution of resources by the institutions is also influenced by their political ideology. Power in politics is influenced largely by the institutions different groups represent and the altering political relations. Politics is largely the interaction the state has with the population in terms of doing their fiduciary duty for the people.
budgeting process. First, what is an ideology? It is a set of beliefs, principles, or doctrines to guide a group of people such as a country or a class how society should work. These beliefs and ideas place value for people, directing their thinking about different activities and events. Democracy and capitalism are the major ideologies in the U.S.
We have some reasons to support our argument for this resolution. One of the issues that occur in the field of business is to what extent the government should intervene in the economy. We support that the government is actively involved in a free market economy argue that government intervention is necessary as government intervention tends to lead to an efficient allocation of resources and under control. The main point for the reasons about this resolution is business regulation, which is having two sub points for this main point is price control and property control. For main point is business regulation that
1. Introduction Oliver and Holzinger (2008,p.496) define strategic political management, also called corporate political behavior, as an effort to use the capabilities of the national government or other policy-making institutions in order to increase and seize beneficial returns from the political environment. Especially the aspects of value maintenance and value creation play a vital role when interacting with government policies. In the past years, this attempt became a key determinant for a firm’s overall performance and a crucial source of value creation and value maintenance as explained by Oliver and Holzinger (2008, p.500-501). This paper discusses the roles that corporate political strategies play and their influence upon a firm’s
CHAPTER TWO LITERATURE REVIEW Theories of Economic Growth and Government Expenditure Economic growth is a mandatory task for governments of developing countries in order to extricate poverty and improve the well being of their people. Thus, these countries usually pursue fiscal policy which would help them achieve accelerated economic growth. Ever since the inception of systematic economic analysis at the time of the classical economist, from William petty to David Ricardo, the problem of economic growth was high on the agenda of economists. Interest in the study of economic growth was central in classical political economy from Adam smith to David Ricardo, and it stayed as focal point in critics of classical economy by Karl Marx too. But the agenda was thrown to the periphery during the so-called ‘marginal revolution’.
Cote d 'Ivoire is a country in Western Africa whose economy is largely market-based and is mostly dependent on agricultural and other related activities, contributing to 35% of the country’s GDP and almost two thirds of its export revenues. (World Atlas, 2016). It is one of the largest producers and exporters of cocoa, coffee and palm oil. (UNICEF, 2006). In Cote d’Ivoire, many farmers are devoted to growing these crops that is profitable for governments and traders.
Introduction The developmental state theory includes the objective in advancing the economic growth by the political elites and it focuses on the state-led macroeconomic planning. The developmental state model is a part of the led-state models of development. The state- led macroeconomic planning in simpler terms mainly centralizes the involvement of the government in the economic planning, handling competition, managing the enterprises’ ownership and the financial planning for production (Ginsburg, 2001). This developmental state theory brings a huge impact on the administrative reform of a country and its government. The main target of an administrative reform is to produce improvement and advancement at a public sector, which is the society (Newman, 2002).
In economic societies, systems of government are necessary to maintain structure in order to develop the world progressively. Various systems are supported by different political principles and distinctive ways of leading a civilization. Governments are formed to provide economic security as their duties towards the welfare of their inhabitants. Its intention is to increase people’s potential of survival and fulfill their basic needs. (Oak 1) Republicanism and absolute monarchy are examples of two contrasting systems that are composed of their own strengths and weaknesses.
303). In the diamond model, the advanced factors are most noteworthy for competitive advantage. These are usually the result of investment made by businesses and government as they aim to provide research, training and innovation. In order to maintain and improve the competitive advantage, the company or government should invest in its factor conditions on a regular basis. Another concept of the model would be demand conditions which refers to aspects such as the home demand and the size, growth and complexity of the market.
Human capital has been identified as a key stimulus of economic development. The theoretical models of economic growth have underscored the role of human capital. The empirical analysis of growth for a broad group of countries shows that the school attainment has positive effect on growth. It has been widely observed that increases in national output have been large compared with the increases of land, man-hours, and physical reproducible capital. Investment in human capital is probably the major explanation for this difference.