Highlights
The exam is worth 50% (marked out of 50)
It is open book and online
There are 2 parts: PART A (short answer questions) and PART B (an essay)
You MUST sign an Online Exam and Test Academic Integrity Declaration
PART A
• Short answer questions – worth 30 Marks - Answer 4 questions (7.5 marks each)
• The questions are randomized so students will not receive the same questions in the same order
• Each answer should be approximately 100 words long
•
PART B
• Essay – worth 20 marks
• Answer ONE essay question out of a choice of three
• Your answer should be approximately 300-400 words long
Aims and Organisation
Government and business inextricably intertwined.
How does government shape and influence business?
‘Macro’ (whole economy) impacts
‘Micro’ (firm or industry level) impacts
How does business influence government?
Lobbying: political parties, interest groups, & bureaucracies
After this lecture, you should …
Understand basic elements of this intertwined relationship in ‘state-capitalism’
Be introduced to the developmental and transitional state
Be familiar with the GBR in Japan and China
Quick review
3 models:
Regulatory – ‘the best government governs the least’; regulation vs. intervention
Cooperative – partnership of government, business and labour; consultation, negotiation, compromise – known as democratic corporatist economies
Developmental/state capitalism
proactive state, state-directed, parental relationship, bureaucracies-businesses-political parties
Japan as an example
Economic development strategies differ too
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