This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Germany, Japan, UK) What Does Policy Impact? • Regulatory Environment • Government Spending – Consumption – Investment • Locus of Decision-Making – Public Sector • National • State • Local – Private Sector • Issues: Efficiency, Effectiveness, and Fairness Consequences of Poor Policy • Economic inefficiency – Example: bank president cleans gutters – Example: highly-trained accountant mows lawn • Slower growth • Disincentives for investment • Flight Benefits of Good Policy • Greater economic efficiency • Faster growth • Attract foreign investment • Attract resources fleeing other countries...
View Full Document
- Spring '08
- taxes property taxes