POLS 3470 Chapter Notes - Chapter 3: Satisficing, Oligopoly, Clientelism

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

Document Summary

Chapter 3: sources and limits of business influence: theories of business- Changing atmosphere of economic and political systems through: dismantling nationalist and protectionist policies, expansion of trade agreements. Self sufficiency of individual businesses and the capacity of most business sectors to function without direct state interference or support in the economic marketplace. Independence of management in making decisions on investment and workplace organization as opposed to legislated provisions for union participation as in some. Limits on the institution of politics into economic decision making, even though the legal framework for economic activity is frequently a by-product of political decisions and trade-offs. Politicians seek power through ability to promote economic prosperity, giving business position of privilege. Ability to initiate and have implemented on a regular basis policy actions that are strongly opposed by other major policy players. Ability to obstruct or veto policies that have wide support.