Integrating approaches from political science, the study of business, and economics into a unified whole, Government, Business, and the American Economy, Second Edition, explores the many ways in which governments and the business world are interconnected. Topical coverage focuses on the role of government in the American economy; government and antitrust laws; social regulation of business; and the deregulation of U.S. transportation, financial, and communications institutions. On the global scene, international trade is emphasized along with economic development in less developed countries and terrorism and security. In addition, the authors carefully examine the important decisions rendered by the Supreme Court in this field, as well as relevant statutes passed by Congress and presidential actions that have directly impacted business. In addition to encompassing the major areas in which governments and businesses are involved with each other, the text explores the nature of the relationship and the extent to which each entity needs the other in order to survive.

Examining the nexus of government and business in some of the world's most prominent industrial nations, the author explores the strategies adopted by business to influence governmental acdtions and analyzes the public policies that bind business to the state.

The evergreen debate over government's involvement in business continues in earnest. Participants straddle all stakeholder groups, from the state itself to the private sector to the public at large. Add to that debate increasing globalisation, and now de-globalisation, and the advent of technological advances. Criticism is often levelled at a government that is slow to act or one that belatedly introduces damning regulations. Many governments are already saddled with demands spanning mega infrastructural development to bulging fiscal deficits to evening out growth across the population. The politics of the day are however synonymous with short-termism. The Covid-19 pandemic has increased the bailout burden even more. The author attempts to provide a fair assessment of the potentially complementary roles that the public and private sectors can play in a fast-changing global economy, amidst the shifting expectations of society.Related Link(s)