In the contemporary socio-economic sphere, Polanyi's analysis of market patterns and progression of markets can become increasingly relevant to investigating current socio-economic policy issues. ... Due to this pervasive unfairness, the area is extremely important for social research and policy making in order to counteract the negative effects of the free market. ... Adequate regulation and protective controls such as minimum wage rates and social security services provide the necessary options for counter-movements in safeguarding the society from socio-economic collapse. Polanyi'...

• Word Count: 1246
• Approx Pages: 5
• Has Bibliography
• Grade Level: Graduate

Multinational business can manipulate these needs (and perhaps, sometimes, use straight bribery) to press governments to pursue business-friendly policy: keeping down corporate tax, wages and environmental or health and safety regulations. If policy is less attractive, business can threaten to move somewhere else, thus creating difficult choices for government about the balance between the need to keep business in place and the desire to tax and regulate it in the interests of the electorate. ... However, there exists a third approach, an agency-centred approach that does not rule out liberal ...

• Word Count: 7309
• Approx Pages: 29
• Grade Level: Graduate

Nonetheless, certain parts of legislative policies are as imperative and definitive in deciding the productive yield as the attractive combination of capital and labor which lie outside the control of the firm[Ass11]. ... It is also reasoned that, assembling firms perform genuinely in the vast majority of the developing nations because of the circumstance of the market that endure wasteful firms prompting high cross firm benefit, presence of a small group of dug in oligopoly who misuses syndication control in the markets of products and are both unwilling and not able to develop, leaving virtu...

• Word Count: 1488
• Approx Pages: 6
• Has Bibliography
• Grade Level: Graduate

It should also be noted that it is within the very nature of a publicly quoted company that corporate shares are, after all, there to be invested in, and injections of money into businesses small or large may often justify a release of parts of their control to a wider variety of people. The immediate response to this argument is outlined, although not explicitly, by Miliband's statistics regarding the unequal division of such control in the first place. ...

• Word Count: 2635
• Approx Pages: 11
• Has Bibliography
• Grade Level: Graduate