Related Research Articles
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Many central banks also have supervisory or regulatory powers to ensure the stability of commercial banks in their jurisdiction, to prevent bank runs, and in some cases also to enforce policies on financial consumer protection and against bank fraud, money laundering, or terrorism financing.
Democracy is a system of government in which state power is vested in the people or the general population of a state. According to the United Nations, democracy "provides an environment that respects human rights and fundamental freedoms, and in which the freely expressed will of people is exercised."
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 190 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of last resort to national governments, and a leading supporter of exchange-rate stability. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Established on December 27, 1945 at the Bretton Woods Conference, primarily according to the ideas of Harry Dexter White and John Maynard Keynes, it started with 29 member countries and the goal of reconstructing the international monetary system after World War II. It now plays a central role in the management of balance of payments difficulties and international financial crises. Through a quota system, countries contribute funds to a pool from which countries can borrow if they experience balance of payments problems. As of 2016, the fund had SDR 477 billion.
International relations (IR) are the interactions among sovereign states. The scientific study of those interactions is also referred to as international studies, international politics, or international affairs. In a broader sense, the study of IR, in addition to multilateral relations, concerns all activities among states—such as war, diplomacy, trade, and foreign policy—as well as relations with and among other international actors, such as intergovernmental organizations (IGOs), international nongovernmental organizations (INGOs), international legal bodies, and multinational corporations (MNCs). There are several schools of thought within IR, of which the most prominent are realism, liberalism, constructivism, and rationalism.
A failed state is a state that has lost its ability to fulfill fundamental security and development functions, lacking effective control over its territory and borders. Common characteristics of a failed state include a government incapable of tax collection, law enforcement, security assurance, territorial control, political or civil office staffing, and infrastructure maintenance. When this happens, widespread corruption and criminality, the intervention of state and non-state actors, the appearance of refugees and the involuntary movement of populations, sharp economic decline, and military intervention from both within and without the state are much more likely to occur.
Regulation is the management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context. For example:
Public policy is an institutionalized proposal or a decided set of elements like laws, regulations, guidelines, and actions to solve or address relevant and real-world problems, guided by a conception and often implemented by programs. These policies govern and include various aspects of life such as education, health care, employment, finance, economics, transportation, and all over elements of society .Theimplementation of public policy is known as public administration. Public policy can be considered to be the sum of a government's direct and indirect activities and has been conceptualized in a variety of ways.
A country's industrial policy (IP) or industrial strategy is its official strategic effort to encourage the development and growth of all or part of the economy, often focused on all or part of the manufacturing sector. The government takes measures "aimed at improving the competitiveness and capabilities of domestic firms and promoting structural transformation". A country's infrastructure is a major enabler of the wider economy and so often has a key role in IP.
Law and economics, or economic analysis of law, is the application of microeconomic theory to the analysis of law. The field emerged in the United States during the early 1960s, primarily from the work of scholars from the Chicago school of economics such as Aaron Director, George Stigler, and Ronald Coase. The field uses economics concepts to explain the effects of laws, to assess which legal rules are economically efficient, and to predict which legal rules will be promulgated. There are two major branches of law and economics; one based on the application of the methods and theories of neoclassical economics to the positive and normative analysis of the law, and a second branch which focuses on an institutional analysis of law and legal institutions, with a broader focus on economic, political, and social outcomes, and overlapping with analyses of the institutions of politics and governance.
Policy is a deliberate system of guidelines to guide decisions and achieve rational outcomes. A policy is a statement of intent and is implemented as a procedure or protocol. Policies are generally adopted by a governance body within an organization. Policies can assist in both subjective and objective decision making. Policies used in subjective decision-making usually assist senior management with decisions that must be based on the relative merits of a number of factors, and as a result, are often hard to test objectively, e.g. work–life balance policy. Moreover, Governments and other institutions have policies in the form of laws, regulations, procedures, administrative actions, incentives and voluntary practices. Frequently, resource allocations mirror policy decisions.
As a field of study, public administration is the sub-field of political science that studies the structures, functions, and behavior of public institutions.
International political economy (IPE) is the study of how politics shapes the global economy and how the global economy shapes politics. A key focus in IPE is on the distributive consequences of global economic exchange. It has been described as the study of "the political battle between the winners and losers of global economic exchange."
Governance is the process of making and enforcing decisions within an organization or society. It encompasses decision-making, rule-setting, and enforcement mechanisms to guide the functioning of an organization or society. Effective governance is essential for maintaining order, achieving objectives, and addressing the needs of the community or members within the organization. Furthermore, effective governance promotes transparency, fosters trust among stakeholders, and adapts to changing circumstances, ensuring the organization or society remains responsive and resilient in achieving its goals. It is the process of interactions through the laws, social norms, power or language as structured in communication of an organized society over a social system. It is done by the government of a state, by a market, or by a network. It is the process of choosing the right course among the actors involved in a collective problem that leads to the creation, reinforcement, or reproduction of acceptable conduct and social order". In lay terms, it could be described as the processes that exist in and between formal institutions.
Charles Edward Lindblom was an American academic who studied economics at the University of Chicago and was Sterling Professor emeritus of political science and economics at Yale University. He served as president of the American Political Science Association and the Association for Comparative Economic Studies, as well as director of Yale's Institute for Social and Policy Studies.
State-building as a specific term in social sciences and humanities, refers to political and historical processes of creation, institutional consolidation, stabilization and sustainable development of states, from the earliest emergence of statehood up to the modern times. Within historical and political sciences, there are several theoretical approaches to complex questions related to the role of various contributing factors in state-building processes.
Multi-level governance is a term used to describe the way power is spread vertically between many levels of government and horizontally across multiple quasi-government and non-governmental organizations and actors. This situation develops because many countries have multiple levels of government including local, regional, state, national or federal, and many other organisations with interests in policy decisions and outcomes. International governance also operates based on multi-level governance principles. Multi-level governance can be distinguished from multi-level government which is when different levels of government share or transfer responsibility amongst each other. Whereas multi-level governance analyses the relationship of different state levels and interaction with different types of actors.'
Governance is a broader concept than government and also includes the roles played by the community sector and the private sector in managing and planning countries, regions and cities. Collaborative governance involves the government, community and private sectors communicating with each other and working together to achieve more than any one sector could achieve on its own. Ansell and Gash (2008) have explored the conditions required for effective collaborative governance. They say "The ultimate goal is to develop a contingency approach of collaboration that can highlight conditions under which collaborative governance will be more or less effective as an approach to policy making and public management" Collaborative governance covers both the informal and formal relationships in problem solving and decision-making. Conventional government policy processes can be embedded in wider policy processes by facilitating collaboration between the public, private and community sectors. Collaborative Governance requires three things, namely: support; leadership; and a forum. The support identifies the policy problem to be fixed. The leadership gathers the sectors into a forum. Then, the members of the forum collaborate to develop policies, solutions and answers.
Regulatory competition, also called competitive governance or policy competition, is a phenomenon in law, economics and politics concerning the desire of lawmakers to compete with one another in the kinds of law offered in order to attract businesses or other actors to operate in their jurisdiction. Regulatory competition depends upon the ability of actors such as companies, workers or other kinds of people to move between two or more separate legal systems. Once this is possible, then the temptation arises for the people running those different legal systems to compete to offer better terms than their "competitors" to attract investment. Historically, regulatory competition has operated within countries having federal systems of regulation - particularly the United States, but since the mid-20th century and the intensification of economic globalisation, regulatory competition became an important issue internationally.
Types of democracy refers to pluralism of governing structures such as governments and other constructs like workplaces, families, community associations, and so forth. Types of democracy can cluster around values. Some such types promote equal and direct participation in political acts.
Kimberly Marten is an author and scholar specializing in international security, foreign policy, Russia, and environmental politics. She held the 5-year-term Ann Whitney Olin Professorship of Political Science at Barnard College from 2013 to 2018, and then returned to chair the Barnard Political Science Department for a second time from 2018-2021. She was the director of the Program on U.S.-Russia Relations at Columbia University’s Harriman Institute from 2015 to 2019, and the Harriman Institute published a profile of her career. She is a member of the Council on Foreign Relations and the International Institute for Strategic Studies, and a frequent media commentator.
References
- 1 2 3 Newman, Joshua (2017). Governing Public-Private Partnerships. McGill-Queen's Press - MQUP. ISBN 9780773550018 . Retrieved 6 July 2017.
- 1 2 Peters, B. Guy; Pierre, Jon (2016). Comparative Governance: Rediscovering the Functional Dimension of Governing. Cambridge University Press. ISBN 9781316738177 . Retrieved 6 July 2017.
- ↑ Dixon, John; Dogan, Rhys (1 May 2002). "Hierarchies, Networks and Markets: Responses to Societal Governance Failure". Administrative Theory & Praxis. 24 (1): 175–196. doi:10.1080/10841806.2002.11029344. ISSN 1084-1806. S2CID 147158857.
- ↑ "End the Drug War". Foreign Policy . Retrieved 12 July 2017.
- ↑ Friesendorf, Cornelius (2007). US Foreign Policy and the War on Drugs: Displacing the Cocaine and Heroin Industry. Routledge. ISBN 9781134123940 . Retrieved 12 July 2017.
- ↑ Peter, Andreas (22 June 2003). "A Tale of Two Borders: The U.S.-Mexico and U.S.-Canada Lines After 9/11". Center for Comparative Immigration Studies. Retrieved 12 July 2017.
- ↑ "Ronald Reagan's War on Drugs: A Policy Failure But a Political Success" (PDF). 11 October 2013. Retrieved 12 July 2017.
- ↑ Bagley, Bruce Michael (1988). "US Foreign Policy and the War on Drugs: Analysis of a Policy Failure". Journal of Interamerican Studies and World Affairs. 30 (2/3): 189–212. doi:10.2307/165986. JSTOR 165986.
- ↑ Vuong, Quan-Hoang (2018). "The (ir)rational consideration of the cost of science in transition economies". Nature Human Behaviour . 2 (1): 5. doi: 10.1038/s41562-017-0281-4 . PMID 30980055. S2CID 46878093.
 | This government-related article is a stub. You can help Wikipedia by expanding it. |