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.

Business and Economic Policy

Business and economic policy

Economic policies that produce robust growth with high employment and low inflation are cheered on all sides. They are associated with rising personal income and improved living standards for citizens, as well as high popularity ratings and increased reelection chances for incumbent officeholders. Economic policies also help determine corporate profits and prospects. They set the tax rates paid by businesses and affect the quantity of goods and services customers can purchase. Economic policies influence the cost and availability of credit, and this, in turn, guides business decisions to invest in new plants and equipment or delay initiatives until conditions are more favorable. Government policies are also a factor in setting currency exchange rates, which help determine whether ...

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