what is the role of government in fair globalisation?
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The government can play a major role in making globalisation fair: (i) By making policies that protect the interests not only of the rich and the powerful but of all the people in the country. (ii) It can ensure that labour laws are properly implemented and the workers get their rights.
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Contrary to what some believe, government plays an important role in a market economy. ... As we saw in our discussion of competitive markets, a free enterprise system is largely self-regulating. Therefore, government plays a limited, but important, role, allowing individuals to make most of the economic decisions.
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The government tries to combat market inequities through regulation, taxation, and subsidies. Governments may also intervene in markets to promote general economic fairness. Maximizing social welfare is one of the most common and best understood reasons for government intervention.
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Government plays a very important role in developing entrepreneurship. ... The government set programmes to help entrepreneurs in the field of technique,finance,market and entrepreneurial development so that they help to accelerate and adopt the changes in industrial development.
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Answer: Removing barriers or restrictions set by the government is known as liberalisation. With the liberalisation of trade, businesses are allowed to make decisions freely about what they wish to import or export.
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The government's role in a mixed economy is that it is the: Regulator charged with preserving competition. Economic goals are important because they: Help people determine if an economic system meets their needs.
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Government can play a role in reducing negative externalities by taxing goods when their production generates spillover costs. This taxation effectively increases the cost of producing such goods. ... The use of such a tax is called internalizing the externality.
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The federal and provincial governments are responsible for protecting consumer rights. The federal government is responsible for creating marketplaces that are fair, efficient and competitive for producers, traders and consumers. ... The federal government is also responsible for the safety of food products.
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['Rule of Law. Good governance requires fair legal frameworks that are enforced by an impartial regulatory body, for the full protection of stakeholders.', 'Transparency. ... ', 'Responsiveness. ... ', 'Consensus Oriented. ... ', 'Equity and Inclusiveness. ... ', 'Effectiveness and Efficiency. ... ', 'Accountability. ... ', 'Participation.']
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The government has many roles in the U.S. economy. Like other businesses, the government spends and makes money, consumes goods and services, and employs people. ... Governments also disburse money via contracts with businesses or through social programs that benefit the public.
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The government raises much of its finance through taxation. Taxation is the most preferred sources of revenue among governments' worldwide. Apart from ensuring constant and uninterrupted flow of revenue to government revenue, taxation serves other fiscal policy objectives as well.
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It ensures citizen participation at all levels of governance. It leads to automated services so that all works of public welfare is available to all citizens. It revolutionizes the functions of the government and ensures transparency. ... It provides better services to citizens and brings government close to public.
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In a word, globalization increases the demand for “social protection” while decreasing the capacity of the state to provide it. Globalization does threaten the enjoyment of human rights, particularly economic, social and cultural rights.
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The primary function of the government sector is to impose resource allocation decisions on the rest of the economy. It does this through regulation--establishing, executing, and enforcing laws and rules. To accomplish this it needs resources, which it acquires through taxes.
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Government employees work to enhance the lives of people in the U.S. and around the world. You can play a vital role in ending homelessness, finding cures for diseases, keeping our food supply safe and much more.
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Economic freedom The role of government regarding these freedoms is also vital to a free society. ... As such, the current free market view holds that government regulations shall be kept at a minimum, existing solely to protect its citizens and their property rights from harm.
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A government is an institution through which leaders exercise power to make and enforce laws. A government's basic functions are providing leadership, maintaining order, providing public services, providing national security, providing economic security, and providing economic assistance.