Response to Students’ Posts
I Need to write 2 separate replies for each Discussion posts. Each reply should be 100 words. please Avoid Plagiarism
A substantive post will do at least two of the following:
- Ask an interesting, thoughtful question pertaining to the topic
- Answer a question (in detail) posted by another student or the instructor
- Provide extensive additional information on the topic
- Explain, define, or analyze the topic in detail
- Share an applicable personal experience
- Provide an outside source (for example, an article from the UC Library) that applies to the topic, along with additional information about the topic or the source (please cite properly in APA)
- Make an argument concerning the topic.
In today’s world, most of the countries across the globe and all kinds of organizations, whether small or big, implement regulations. Regulations are defined as rules present in the system for smooth management, and these regulations are part of our day to day activities. There are many advantages and disadvantages of implementing regulations (Datz, 2008).
There are many advantages of implementing regulations by governments; some of them are these regulations will help improve the working conditions of the citizens and protect their safety and human rights. These regulations by government help in reducing environmental pollution and helps in holding organizations accountable when disasters happen. Overall, these regulations by governments will improve the living standards of the general public and make sure the organizations are running within the guidelines (Pettinger, 2019).
There are many disadvantages with the regulations put by the governments, mainly these regulations need vast amounts of administrative work which consumes vast amounts of time. Regulations can be challenging for small companies and for companies that are planning to expand their business in new countries across the globe as rules are different in different countries. These regulations implemented by the governments may sometime slow down the process and development of the nation (Pettinger, 2019).
Governments have to be careful when developing and implementing regulations and take into consideration that implementing regulations should maximize benefits and minimize adverse effects on the nation.
Datz, G. (2008). Governments as Market Players: State Innovation in the Global Economy. Journal of International Affairs, 62(1), 35. http://search.ebscohost.com/login.aspx?direct=true&AuthType=shib&db=edsjsr&AN=edsjsr.24358143&site=eds-live
Pettinger, T. (2019, November 1). Pros and cons of government intervention. Economics Help. https://www.economicshelp.org/blog/151818/economic…
In the current economic climate, growth remains a key government priority (Messaoud & Teheni, 2014). Trend analysis and the search for the sources of economic growth are particularly important for integrated economies (Glodowska, 2017). It is true that today’s economy is having a top down approach that is the government is making mostly all the decisions and regulations for conducting the business globally.
Advantages: The country would have a focused used of the resources: The government as deciding which sectors or areas should get what funds and economical structures would help in making sure the resources are being optimally throughout the nation and expenses are also lesser than the revenues. It helps in creating equality as government makes sure that every segment of the economy is getting equal share: When the government would make the plan regarding the funds distribution as per the sectors, the government would make sure that equality and equity is pertaining in the environment and thus every sector is getting the right attention to work for. As government is only in charge for having which sectors would get how much funds, it would help in reducing the disputes level and thus no sectors or states would have interrelated disputes with one another.
Disadvantages: Government would made and thus the states won’t be having the power to participate or even would participate in the collective decision making. The top level or the government is required to hold a vast and extensive kind of knowledge so it could facilitate and know which state is required how much funds. Does not use specialized knowledge which may be present in the lower echelons of the economy: The lower segments or the sectorial segments of the economy are not taking for considering the funds allocation and designing what they’ll be moving through. Thus, the specialized knowledge that they are having for their particular field is not effectively utilized in its optimal manner.
Another approach that could be used apart from this is the bottoms up approach where instead of the government, the states or the sectors in the economy would decide how much their expenses its revenues are and thus would then demand the government to allocate that fund that they have searched and asked for.
Głodowska, A. (2017). Business Environment and Economic Growth in the European Union
Countries: What Can Be Explained for the Convergence? Entrepreneurial Business and Economic Review, 5(4), 189-204. doi:10.15678/eber.2017.050409
Messaoud, B., & Teheni, Z. E. (2014). Business regulations and economic growth: What can be
explained? International Strategic Management Review, 2(2), 69-78. doi:10.1016/j.ism.2014.03.001
subject: Masters Computer Science
apa 293 words