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Course description

The global financial crisis has focused public attention on the relationship between government and business in market economies. The crisis and reactions to it reveal the connection is fundamentally one of co-dependence. Government needs business for economic activity to generate its revenues from taxation and wealth for its citizens. Business needs government to provide services and infrastructure necessary for markets to work efficiently. Despite the mutual reliance there is often tension between the two parties. Globalisation is the background theme to how government and business play out their respective roles. This course takes an international view, of the subject with particular emphasis on OECD countries and focuses on questions like: Is it necessarily the case that `what is good for business is good for the country¿? Are governments better than business at running a business? Is competition only possible with government help? Will global warming change everything? What does all this mean for public policy?

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