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Arm’s Length Collaborative Partnership
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Government cooperates with business for mutually beneficial goals; influenced by nation’s values and customs, and therefore differs by country. Government’s goals and business’s objectives are in conflict
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Public Policy Legitimacy Issues
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May be faced with the dilemma of continuing to do business when you could be supporting illegitimate power; may choose to become politically active or refuse to conduct business until A plan of action undertaken by government officials to achieve some broad purpose affecting a substantial segment of a nation’s citizens.
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a legitimate government is in place.
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1. Fiscal policy 2. Monetary policy 3. Taxation policy 4. Industrial policy 1. Inputs 2. Goals 3. Tools 4. Effects
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5. Trade policy
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Elements of public policy: Types of economic public policies:
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Regulation Economic and Social Assistance
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Types of public policy: The action of government to establish rules of conduct for citizens and organization; a primary way of accomplishing public policy.
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Public Policy Inputs 1. Market failure 2. Negative externalities 3. Natural monopolies
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4. Ethical arguments
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Reasons for regulation: Shape a government’s policy decisions and strategies to address problems.
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Public Policy Tools Public Policy Goals
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minded or narrow and self-serving. Used by governments,
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This note was uploaded on 09/08/2011 for the course MAN 4701 taught by Professor Putchinski,l during the Spring '08 term at University of Central Florida.

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Exam2 - FC1 - The flashcards are formatted for printing....

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