Economics and the Government

Paper Summary:

This paper discusses the congruence between government and the marketplace. It claims that technology has changed the face of the marketplace and hence firms are growing internationally and have a further effect on the economy and the government. The paper explains the concept of key interest groups and different theories on the matter.

From the Paper:

"Firms are likely to be key interest groups when they are well organized and financed, as is increasingly the case among global firms large and small. This is due in part to changes in technology as mentioned that have allowed more knowledge sharing, inter firm negotiations and capital creation through various means. Some have assumed that the notion of firms as major actors in economic policy is at odds with political conventions including those of international relations (Frieden, 66). However, many also assert as does Frieden on page 66 that firms should be considered central to economic policy, in part because corporate strategies have a strong influence on the development of new political policies and the global economy, and will likely continue to have this influence for years to come. "

Sample of Sources Used:

• Frieden, Jeffrey A. & Lake, David A. International Political Economy - Perspectives on Global Power and Wealth 4th ed. London: Routledge, 2000.

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