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Lecture

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Department
Administrative Studies
Course
ADMS 1000
Professor
All Professors
Semester
Summer

Description
Introduction to Administrative Studies ADMS1000 – Summer 2012 – Eytan Lasry Lecture 9 – The Political Context – July 10 The Canadian Business Enterprise System - The Canadian economy is a mixed market system: Essentially capitalist but with a strong government influence in various sectors of the economy and nearly complete control of the health care and education sectors. Government Influence in Canada - Taxation - Crown Corporations - Regulation - Bailouts and Subsidies - Recent Trends o Deregulation o Privatization Government as Guardian of Society – Taxation - Collection of revenue taxes (individual, corporation, sales, property) - Collection of restrictive/ regulatory taxes (excise & customs duties/tariffs) e.g. on Tobacco, Alcohol etc. Government as Guardian of Society & Business Owner – Crown Corporations - CCs ‘natural monopolies’, e.g. Hydro, Gas… - CCs provide services that private enterprise would not otherwise pursue (Canada Post) - CCs allow for more government control (OLG, LCBO) - CC’s implement public policy & safeguard national interests, e.g. CMHC, Bank of Canada - CC’s protect vital industries, o e.g. CNR, CBC - CC’s may be federal or provincial - Number of CC’s has been decreasing along with the number of employees. - LCBO – is a successful CC business & a regulatory system on alcohol consumption. The Role of Government in Business – Regulation - Imposes constraint to modify economic behaviour in the private sector, e.g. Energy, Health & Safety, Labour, Food, Consumers etc - Imperfect Competition –intervention ensures appropriate provision of goods & services. - Public Interest – protects consumers through regulation, limitations imposed on business (e.g. foreign ownership, advertising, pricing etc) Government as Guardian of Private Business / Enterprise - Bailouts – e.g. Chrysler (1980s + 2008), GM & US Banks (2008) - Subsidies – to prop up business or encourage further development. Fo
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