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yorkunineF10posted - Class 9: Privatization Privatization...

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Class 9: Privatization
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Privatization Outcome To be able to discuss what privatization is and how it has evolved in Canada To understand the dynamics of Privatization in the global economy To be able to apply the model of intervention to real life cases
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Class 8 Deregulation
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Forms of Intervention 1. Policy or Program 2. Taxation 3. Regulation/Law 4. Deregulation 5. Privatization 6. Protectionism
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Government’s Changing Relationship With Business and Society In response to the high cost of control of government enterprises and a general disillusionment with their performance, in the 1980’s government began to remove themselves from the business protecting, owning and operating companies.
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The Objective Was to shift from government control as a substitute for the marketplace to an increased reliance on the marketplace as a more efficient way to serve the public
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The Process of Regulation 1. Making the Regulation Identifying what sector or activity needs to be regulated 2. Compliance and Enforcement
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What is Deregulation? Refers to the removal of legal controls on business behavior. Involves the removal of an agency, program or specific regulations. Involves a complete or partial withdrawal of existing regulatory constraints.
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Deregulation Along with entrepreneurship in the public service, the neo-conservative revolution also demanded a retreat from the over-regulation of business. The feeling was, the more you regulate, the greater the loopholes. As well the greater the cost of enforcement. Red Tape, it was thought, should be cut.
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Neo-Conservative View of Public 1. Restructuring Vision 2. Essential Services 3. Unions Out 4. User Pay Financing 5. Real Balanced Scorecards 6. Redefine and Develop Leadership 7. Tough Love HR 8. Choice
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The Argument for Increased Deregulation. It provides government with a model for getting their deficits under control. The advent of new technologies allows for other government interventions in the economy beyond regulation. Presence of global monopolies, oligopolies and cartels
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Forces for Deregulation Globalization: A New World Order Refers to the process of integrating and the internationalization of all economic activities. It has resulted in the growth of Capital markets throughout the world and the lowering of barriers to trade and investment
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Globalization: A New World Order Result: National borders have become porous and some forms of government control have become irrelevant. The capital and financial means of firms is able to flow across borders with virtual impunity.
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Relations A new role for government was envisioned and defined: Elimination of the burden of overlapping federal and provincial jurisdictions. The downsizing
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This note was uploaded on 03/01/2011 for the course ADMS 1010 taught by Professor Jurkowski during the Spring '09 term at York University.

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yorkunineF10posted - Class 9: Privatization Privatization...

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