COMM 1010 Chapter Notes -Externality, Public Administration, E-Government

• School: Dalhousie University
• Department: Commerce
• Course: COMM 1010
• Professor: Mc Larney

Document Summary

The changing role of the public sector: need to move to a representative form of government structure. Classical liberal: invisible hand of the marketplace and the need for a limited involvement of gov. Public economics: deals with economic actions of governments, free and efficient markets may fail in the following ways, demanding gov intervention, failure of competition, public goods, externalities, incomplete markets, inefficient capital markets, information failure, macroeconomic disequilibrium. Policy areas: governments are actively involved in primarily 3 areas or policy fields, social, justice, economic. Wagners law growth in government expenditures trends: government expenditures has increased due to the elastic relationship between gdp and gov. Increase in government expenditures as a % of gdp over past 80 years: also holds true for many developing nations. The new public management can be grouped into 3 related categories: those concerned with reducing the rise of the state (privatization) With improving management of government operations (empowerment, collaboration)