POLS 310 Lecture Notes - Lecture 1: International Trade, Mercantilism
Document Summary
Changes are taking place in the relationship between government and business in the. They have largely been built upon a post-wwii template. Normal relationship between govt and business is from what happened after the war, so freedom/equality/individual responsibility. Political developments, economic trends, and emerging values provide challenges to the status quo. When 2008 crash happened the bush and obama administration put government funds to bail them out and saves many businesses like wall street and banks. Conservatives want government to leave business alone except when they need help like in 2008. The goal is to design a governmental regime that will respect the country"s political choices,promote economic well-being, and enrich culture. Create an approach that can help you but won"t sacrifice who you are. Adaptation is required in a way that is consistent with fundamental principles. A fundamentally new social compact between business and society is being forged.
