POLS 3470 Chapter Notes - Chapter 1: Mercantilism, Egalitarianism, Market Failure

• School: University of Guelph
• Department: Political Science
• Course: POLS 3470
• Professor: Tim Mau

Document Summary

Chapter 1 business and government: the politics of mutual dependence. North american business marketplaces individualism, private business, survival in world of intense competition and unforeseen changes in business environment. Businesses depend on governments for more or less stable sets of rules. Look to governments for protection against threats or hand-outs. Governments depend on business investment for the economic activity and growth vital to prosperity and employment of citizens, tax revenues and public satisfaction to win re-election. Politicians look to businesses for financial support necessary to win and hold public office. Other social and economic interests have organized to challenge the ability of the strongest business groups to define the public interest in ways that serve their own interests. Govs also have their own interests define goals independently can result in conflicts with business. Blends elements of politics and economics for both parties. Canada diversity reinforced by federalism and regionalism and competing interests of different economic and societal sectors.