W2 - LITERATURE Flashcards
(80 cards)
What concepts does the article combine to understand the business-government interface?
Institutional analysis in modern political economy and organizational behavior
What are formal constraints in the context of business-government interaction?
Rules that individuals devise
What are informal constraints in the context of business-government interaction?
Culture and norms of behavior
What can influence the type of economic policies adopted in different countries?
Institutions through which business and government interact
Name the three essential duties of government as described by Adam Smith.
- Protecting society from violence and invasion
- Establishing an exact administration of justice
- Erecting and maintaining public works and institutions
What is the ‘protective and productive’ role of government?
Government’s duties to protect society and facilitate economic activities
What is the ‘exploitive’ role of government?
Government protection from market forces for certain industries
True or False: The business-government interface is characterized by uniform institutional arrangements across countries.
False
What factors can affect the business-government interface in different democracies?
Political institutions, informal rules, customs, and practices
What influences the selection of policies in democracies?
Institutional settings within which political organizations interact
Fill in the blank: Institutions can affect the choice of public policies through _______.
[majority voting, party discipline, lobbying]
What is a negative sum game in the context of public policy?
Policies where benefits do not exceed the costs
What are examples of negative sum policies?
- Subsidies to uncompetitive industries
- Policies with benefits not in excess of costs
What does the term ‘market model’ refer to in the context of this article?
The interaction of demanders and suppliers of public policies
How does the interaction between business and government institutions influence policy outcomes?
Through the membership and behavior of individuals within those institutions
What is the significance of repeated dealings among political actors?
It affects future policy issues and elections
What impact can the business-government interface have on economic growth?
It can affect the rate, composition, and allocation of benefits and costs of economic growth
What is the role of political parties in the context of public policy choices?
They can influence the formulation and introduction of policies
What does the term ‘institutional arrangements’ refer to?
The formal and informal structures governing the interaction of business and government
What do managers typically assess when making public policy choices?
Benefit/cost assessment of public policy options
According to Olson (1982), what do firms in competitive settings tend to prioritize?
Private costs and benefits over social or public costs and benefits
In democracies, what is the primary process through which public policy decisions are made?
Collective decision making
How is public policy defined in the context of this article?
Any form of government action or inaction that expresses the intent of government actors
What are the two types of actors in the political process regarding public policies?
Demanders and suppliers