A New Guide to Policy Choice in an Era of Globalization

Steven Suranovic

Chapter Chapter 10 in A Moderate Compromise, 2010, pp 205-239 from Palgrave Macmillan

Abstract: Abstract One of the most important questions in economics and politics is what sort of laws, institutions, and policies a society should implement. A country’s constitution defines the basic rules and procedures determining how a country will be governed and what rights and privileges its citizens will enjoy. Each country’s legislature establishes rules, regulations, and laws that its citizens must follow. Within each country’s constitution a process is defined for changing these laws. Government policy is concerned with the following question: what is the best set of rules and laws for a country to implement? One thing seems clear from the political debates and the continual discussion about how policies ought to be further changed and adjusted; nations have still not reached any sort of “policy equilibrium.”

Keywords: Free Trade; Foreign Firm; Policy Choice; Domestic Firm; Fair Trade Product (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-11460-9_10

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DOI: 10.1057/9780230114609_10

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