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Business and Government in a Global Assignment

   

Added on  2021-04-21

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Running head: BUSINESS AND GOVERNMENT IN A GLOBAL CONTEXTBUSINESS AND GOVERNMENT IN A GLOBAL CONTEXTName of the StudentName of the UniversityAuthor note:

BUSINESS AND GOVERNMENT IN A GLOBAL CONTEXT2The United States federal government has taken substantial actions in the recent years tosupport the initiatives of the private firms to develop new technologies (Block 2015). Theliberalization of economy that has been executed in the United States is substantially differentfrom that of the Western European democracies. Liberalization of economy though means freemarket, however it does not signify a system where the government will become apathetictowards economic development of the poor people of its country, or the technological researchestaken up by the researchers and private entities. The government must participate in a non-intrusive method to inject economic prosperity without dictating terms (Block 2008).The American government has been active in encouraging the private entities to developnew and innovative technologies to solve people’s problems. The difference between the processin which the technological development is supported by the government lies in the fact that inEurope the political parties and the government openly supports the developmental agendas,however the same process in the United States is rather covert and not much publicized. Thereason US has to follow this path of anonymity is because the general mindset that governmentshould let alone the private companies in their own quest for success. “Japan’s Ministry ofIndustry and Trade (MITI), was a centralized form of state policy that has been usefully called aDevelopmental Bureaucratic State (DBS)”. In Japan and South Korea there is direct interventionof the government in incentivizing the companies that are working towards technologicalrevolution.The US federal government took up the cause and during the time period of 1980 to 1992the acceleration of the development of technology was achieved efficiently. This gave rise to the“Developmental Network State” or the DNS which is a platform to direct the public fundstowards researches that can boost technological development to a considerable extent. The new

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