In the wake of worldwide economic turmoil and efforts toward recovery, understanding the interdependence of government and business is more important than ever. In this thoroughly updated edition, Lehne takes a comparative approach, evaluating the U.S. political economy with respect to those of Great Britain, Germany, Japan, and the EU. The book provides detailed historical context for, and a conceptual understanding of, the business-government environment, and then clarifies the roles of the major actors and outlines the regulatory and policy frameworks. Along the way, Lehne probes some of the most crucial dilemmas facing government and business today. Updates to this edition include: • expanded coverage of ethics as it relates to government and business; • greater attention to China in particular in the feature boxes on developing nations; and • a look at relations between government and business at the subnational level. A comprehensive glossary and chapter summaries enhance student learning.

Why does Business Win and Lose in Politics?

Why does business win and lose in politics?

Scholars who study relations between government and business do not agree on everything they find. Driven by varied ideologies, they have devised the models discussed in Chapter 2 to describe their understanding of how political systems operate: the market model, the stakeholder model, and the capitalism models.

At the same time, most studies of business involvement in politics do agree on one point. Researchers are unanimous in recognizing that business organizations have substantial resources to deploy in the political process. In Charles E. Lindblom's formulation, business forces shape public attitudes, guide economic activity, and participate aggressively in the political process.1 Lindblom insists that these advantages give business a “privileged position” ...

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