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.

Creating Government-Business Relations

Creating government-business relations

Countries create their own political and economic systems.1 Their governing arrangements are not the product of irresistible forces but of myriad societal decisions. Some of these decisions are made at specific times, and others emerge from traditions whose origins are too remote to discover. There are as many ways of organizing political and economic systems as there are countries. Each nation seeks governing arrangements that help it both to achieve material well-being and to secure its other political and social goals, but national success is never foreordained.

The ways countries structure the relationships between politics and economics are so fundamental to the countries’ identities that they often become the basis for classifying total societies. Socialist nations believe that a country's ...

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