In Modern Market Economies - Assessment Answer

Task:

In modern market economies, the interaction between business and government forms the basis for how the economy and society is organised. This relationship between government and business is thus a close and interdependent one, forming the basis of what is generally labelled ‘political economy’. This course examines this interaction, both nationally and globally. It compares different political systems and institutional arrangements; considers the impacts of key ideas such as globalisation and neo-liberalism; explores the various models of business-government interaction internationally; and considers a range of contemporary issues that affect business. Successful businesses are aware that a sound understanding of how government functions, and how business interacts politically, are important factors in driving their success. Business thus values employees who can bring such knowledge to their workplaces.

1. Which political economy model/s do you consider most effective in achieving economic prosperity and citizen well-being. Use country example/s to illustrate and support your argument.

Essay Instructions:

1.You are expected to use the Harvard referencing system to acknowledge sources referred to in your essay. The Harvard system is similar to the APA system except that you are required to provide page numbers both for direct quotes and when you paraphrase the ideas of other authors.

2.Where an essay is incorrectly or insufficiently referenced according to standard styles, penalties will be applied.

3.Ensure your essay is well written, well edited and well-presented – use 1½ -2 line spacing; ensure pages are numbered; provide a cover sheet that includes your name, the title of the essay and the word count. Ensure you have kept an electronic copy of your essay.