Group items tagged

This article considers the possible measures that the Maldives should consider in order to develop its not yet fully matured economy. Today, government intervention to reduce or diminish market failure takes many forms: direct controls, government regulation, government subsidies, taxation of negative externality engendering goods, etc. However, it has been strongly suggested that for a developing country such as the Maldives, "and given that there is no one perfect model of state involvement in the economy, effective and well managed Public Enterprises need to play a vital and integral role of the national economy." Further solutions for market failure in the Maldives are also discussed.

New regulations make the new congress upset.

The article discusses the stability and growth Pact that regulates EU member states' budgets, and its impact on fiscal policy on member nations. Another dimension of fiscal policy is its political implications, and the article articulates this dilemma. Particularly in the case of the EU, where one government's spending has an effect on all other countries as the currency is common, a government's fiscal policy adjustments have political impacts. thus, aside from the economic implications, governments must consider the political ramifications of their actions before implementing fiscal policy.

This article is an opinionated view on price controls regarding prescription drugs. The author, David B. Kendall, wishes that the US will not import foreign price controls on prescription drugs and instead create their own thus making them completely tailored to the US' needs and limitations. This is because of safety concerns of some foreign drugs that can not be regulated by the FDA (Food and Drug Administration).

This article is about a directive that President Bush signed regarding government intervention and market failure on a large scale.

The article discusses the reason why India's private sector employment is relatively low given the high economic development and prosperity. Wages are said to not have risen to levels suggested by per capita income figures and this has been attributed to the plethora of cumbersome laws and regulations that govern Indian labour markets. Due to the inflexibility, private sector employers respond by not hiring too many workers in the first place due to fear of disputes. At least 45 laws exist at the national level, and up to 4 times as many at the state level. The author cites a change in government's attitudes to labour market as the remedy to India's unemployment.