StudentShare solutions
Triangle menu
  • Home
  • Subjects
  • Miscellaneous
  • Has the Global Financial Crisis lead to fundamental change in the relationship between government and business

Has the Global Financial Crisis lead to fundamental change in the relationship between government and business - Essay Example

Nobody downloaded yet

Extract of sample
Has the Global Financial Crisis lead to fundamental change in the relationship between government and business

Business is one segment in which governments made some policy changes in order to strengthen the business activities in a controlled manner. In some sectors governments imposed more restrictions whereas in some other sectors government liberalized the rules and assisted the business people to come out from the recession. For example, governments put more control on the activities of financial institutions like banks whereas they assisted other business entities like the automobile sectors in order to save that sector from total destruction. In other words, the relationship between the government and different business entities has undergone contrasting changes because of recession. This paper analyses the extent of changes happened in relationships between the governments and the business because of recession.
The relationship between government and business is important both for the government and the business groups. Governments are primarily operating for safeguarding the interests of the people whereas business always works on making profits. Business always tries to exploit the public resources injudiciously to increase their profits. In other words, the interests of public and business are often contradictory and may not go hand in hand. Governments are fixing the boundaries or the norms in order to reach a compromise between the interests of the people and the interests of business. Government need to protect the interests of both. In order to grow economically, business activities should be increased and for that purpose, more liberalized rules are essential. At the same time, these liberalized rules should never affect the public interest negatively. Thus governments are acting as a bridge between the people and business ensuring that either the people or the business taking any undue advantages.
According to the renowned economist John Maynard Keynes, a purely free market system would tend to ...Show more

Summary

Even the developed countries like United States and United Kingdom struggled to counter the threats raised by the recession. Only few Asian countries like India, China were able to escape…
Author : rkessler
Has the Global Financial Crisis lead to fundamental change in the relationship between government and business essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Has the Global Financial Crisis lead to fundamental change in the relationship between government and business"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

The Impact of Global Economic Crisis on the organizations in oil producing countries
This crisis is different from the earlier crises as it spreads very swiftly from one country to another through various means. Even though it is generally agreed that the root of the problem was the housing market in US, it was flared up by the excessive leverage at macro levels by the governments, firms and households in several countries.
10 pages (2500 words) Essay
The transformation in the banking system in the lead-up of the Global Financial Crisis
This paper discusses the transformation in the banking system in the lead-up of the Global Financial Crisis. The Global Financial Crisis of 2007-2008 has been one of the most devastating financial crises of all time. The Global Financial Crisis has been described by many economists as the worst financial crisis after the Great Depression of 1930s.
13 pages (3250 words) Essay
Global Financial Crisis
Global Financial Crisis of 2007 had its beginning in United States of America with the crash of the home loan or credit market during July 2007. This credit crunch which happened in United States during 2007 rapidly spread to other global economies thus jeopardizing the global financial system.
6 pages (1500 words) Essay
The Global Financial Crisis
The global financial crisis began proving its adversities by mid 2007. By the end of 2008, a great percentage of the financial institutions had collapsed leaving the government to devise means of alleviating the situation. This essay shall highlight the causes of the crisis, in relation to Peters (2010) as well as the measures undertaken by the government to change its monetary and fiscal polices so as to cope with the adversity.
4 pages (1000 words) Essay
Global Financial Crisis
The global financial crisis have affected and will continue affecting the livelihoods of nearly everyone in the increasingly inter connected globe. As a case study, I will view the economic situation the United States, its progress, and downfall caused by the global financial crisis.
6 pages (1500 words) Essay
International Financial Crisis
Economic crises were felt at the local, regional, and global level as the nations of the world moved to adjust to an ever-changing environment of monetary standards. The global depression of 1932 caused nations around the world to rethink their economic structure, their relationship to their trading partners, and bring innovative concepts of currency and a greater sense of cooperation through international organizations.
12 pages (3000 words) Essay
Relationship between Government and International Business
Capitalist economies have seen the liberalization of the market and removal of government controls in the all government sector. (Deresky 1997, p. 98) The model of the economy that is used by different countries is ultimately the one which determines the kind of relationship between any government and the business.
11 pages (2750 words) Essay
Global Financial Crisis essay
In 2008, the overall world growth slowed down by 3 per cent (HM Treasury UK) in wake of political instability, economic downturn, humongous trade deficits, and heavy reliance on energy sources, creating peaks and troughs for oil and energy prices in wake of the Iraq war and the overall political uncertainty across the world.
4 pages (1000 words) Essay
Credit Default Swaps and Their Role in the 2008 Global Financial Crisis
Credit Default Swaps were some of the complex financial instruments that were used in the wrong way. People invested in them instead of serving the
40 pages (10000 words) Essay
The differences between male and female leaders in approaches taken to lead organizational change
Although many articles were reviewed and research results were studied, failure to find articles regarding the differences in the approaches to successfully implement organizational change in a female versus a male dominated organization
5 pages (1250 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Click to create a comment