This is the type of stifling of growth that has contributed significantly to the current state of recession gripping the United States. Globalization makes as its underlying presumption the assertion that by reducing barriers to economic integration across international borders, the world community is creating a vehicle to a more equal distribution of wealth. Whether the distribution is more equal or not, certainly the process of economic colonization which has occurred across the last decade and a half is creating wealth. That the largest concentration of this wealth is enjoyed by only the smallest fraction of trade and industry leaders is revealing of the concept of 'voluntary trade.' This principle is paired with a sociological tendency toward the enforcement of...
Where growth productivity is concerned though, these elements of private enrichment seem to detract from rather than contribute to a robust domestic market.
privatization of Air Traffic Control in the U.S. Non-profit privatization of ATC Industry experts position on privatizing the U.S. ATC Improvement in safety and regulation New Public Management Orientation in the U.S. Air Traffic Control Technology up gradation and budgetary constraints State-owned enterprises (SOEs) are organizations owned and operated by governments. There is a growing consensus amongst economists and governments that governments should not operate commercial organizations as it hampers the efficiency and productivity of the
Privatization is a process that is frequently met in countries with developed market competition. It is used by governments in order to transfer some of the state owned assets or services to private investors. The process of privatization has its advantages and its disadvantages. In my opinion the process of privatization should be viewed from extreme points-of-view. In other words, we should not view privatization as either good or bad. I
A number of economists suggest that markets are efficient, but this efficiency is merely assumed. In this regard, Batten points out that, "There is no actual proof. It is virtually impossible to test for market efficiency since the 'correct' prices cannot be observed. To get over this hurdle, most tests examine the ability of information-based trading strategies to make above-normal returns. But the results of such tests do not
The development of private airports assists the government to use the limited resources in improving other domains including health services, social services and other services provided by the government. In France, privatization is also encouraged to effectively manage airports and to provide health and social services to its people. Conclusion Airport privatization has been promoted all over the world. In United States, the pending FAA reauthorization to privatize airports can help
Aviation: Effect of Privatization on the Aviation Industry The aviation industry is one of the fastest growing global industries - contributing large amounts to the nation's revenue kitty every year, while also facilitating tourism, international investment, world trade, and economic growth. The industry is, "therefore, central to the globalization taking place in many other industries" (Ochieng & Ahmed, 2014, p. 10). Being one of the most competitive, the industry pushes airlines
Policy Recommendation for Collaboration and TSA Privatization The objective of this study is to evaluate the benefits of collaboration between the federal government and non-profit organizations. The study cites different examples of collaborations across the world and their achievements. Moreover, the paper investigates whether it is beneficial to privatize the TSA (Transportation Security Administration) since the organization has performed below the international standards in the last few years. Finally, the study
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