Sunday, May 5, 2019
Find article themes, analyze, critique, synthesize and write a Essay
Find article themes, analyze, critique, compound and write a conclusion - Essay ExampleAnother theme in the readings, developed with March and Olsen is institutionalism, which the authors define as a study of political entities and their relationships, through theoretical conceits and formulated hypotheses (2005). Institutionalization establishes constraints deep down which actors in an economic system (Ingram and Silverman, 2002). Closely related to these themes is the theme of susceptible governance whose remedy is an bulky network through collaboration and performance management systems (Imperial, 2004, p. 4). The theme is spare among practitioners as they seek to extend to better governance in an environment that experience forces from both public and private sectors. Significance of relationships surrounded by members of the networks through mutual benefit is another theme that the readings establish through Stephensons article (n.d.) and Milward tide over through his p roposed guide to managers selection and application of collaborative networks (2006). Virtual networks through engineering science promote the networking (Alstyne 1997). The theme of economic governance is also significant in the readings and is developed through Mintzbergs article (1996). ... The theory of market failure is a tool to governments intervention in the economy but its validity and application is questioned. While the market failure concept initially maneuver governments point of intervention to regulate the economy, its role diversified to determination of intervention strategies bit little attention has been paid to the concepts validity and empirical and theoretical background into the concept do not exist. Existence of discrepancies, contrary to expectations under mixed market in which forced interact to ensure efficient imaging allocation, shows that the market failure concept has failed. Governments efforts to use the concepts towards resource allocation and optimization of social benefits have also failed and this discredits validity of the concept as applied by the government. Regulations towards environmental conservation such as taxes to curtail excessive pollution have for instance failed to pose inadequacy of the market failure concept (Vogel, 2009). Existence of externalities also challenges applicability of the market failure concept because it induces the need for a wider perspective to determining market failure (Tragakes, 2011). These challenges to the market failure concept so supports the proposal that the concept is ineffective and are consistent with Zerbe and McCurdys perspective that the government misuses the concept to unblock its intervention in the economy. The theme of unreasonable use of the market failure concept is also evident in the readings and while it offers a basis for criticizing governance, it does not disqualify the need for government intervention in the economy. This position is informed because th e society expects government intervention to ensure fair
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