EMU's unique economic governance structure was set up by the Maastricht Treaty to ensure the proper functioning of the economic and monetary union. A single monetary policy is entrusted with an independent central bank, a range of common policies is decided by the Council (notably the ECOFIN...

This research aims to identify the challenges and opportunities of the Philippine government's role in the economy. The study draws on a range of sources that discuss the role of government in market economies, fiscal policy, financial markets, environmental protection, innovation,...

In a strong sense, a country is a close reflection of its public policy which is the main driver of its governance architecture. The present study was therefore designed to explore the possible relationship between public policy and governance. Obviously, diagnosing the quality of governance...

This paper provides a review of the contradictions and conflicts in the literature on economic governance and sketches an approach to use some of the conceptual and empirical findings from that literature for development policy. The literature offers conflicting conclusions on big questions:...

Because protection of property rights cannot be appropriated by any individual, it is widely recognized as being the state's responsibility. Moreover, recent empirical evidence suggests that protection of property rights leads to higher investment levels and faster growth. The extent of property...

How can property rights be protected and contracts be enforced in countries where the rule of law is ineffective or absent? How can firms from advanced market economies do business in such circumstances? In Lawlessness and Economics, Avinash Dixit examines the theory of private institutions that...

Because protection of property rights cannot be appropriated by any individual, it is widely recognized as being the state's responsibility. Moreover, recent empirical evidence suggests that protection of property rights leads to higher investment levels and faster growth. The extent of property...

This text provides an introduction to the ways in which five different disciplines have approached the study of business and government. It examines how business interacts with government in different parts of the world, including the United States the EU, China, Japan and South America.