Policy Making Essay - 1822 Words

The term neo-liberalism can abstractly be used to refer to a set of economic policies that have gained popularity in the past two decades. These policies have been popularised by the powerful financial institutions like the World Bank and International Monetary Fund. They have been determined by the decline of the capitalist economy, provoking them to revive economic liberalism. Such economic and social policies usually have a market-driven approach. These are usually characterised by economic theories that are neoclassical in nature. They further advocate for the efficiency of the private enterprise, liberalization of trade, and enhancement of the open market. These concepts are to the effect of capitalize on the private sector in their†¦show more content†¦In light of the above excerpts, human capital theory suggests that it is through education and or through training, that is accredited for improving workers’ productivity. This is due to the imparting of necessary knowledge and skills to which end is the improvement. To this end, the future income of the employees is increased (Becker, 1964). This notion thus suggests that man is assured of better pay depending on their level of knowledge in their field of employment. This thus has been the core reason why continuous education and training of employees has been a core role in a company’s management to ensure that their workforce is equipped well enough on their tasks. Research shows that formal education plays a primary role in explaining the emerging variations in regards to salary and wages in the developed states (Cohn Addison, 1998). The trend has taken root in even developing countries. There have also been attempts to introduce adult education so as to enhance the same on the older folks. We cannot however fail to realise that human capital accumulation has gotten most of its resources through on-the-job training. Neoliberalisation has however come in to dismantle these aspects. A lot of people are supposed to enhance their own training so as to compete in the job market. On the other hand, in an effort to maximise profits, corporations are taking offering fewer training opportunities. The above scenario has beenShow MoreRelatedPolicy Evaluation As The Final Process Of Policy Making1559 Words   |  7 PagesLast but certainly not least comes policy evaluation as the final process of policy making. In the policy evaluation process, institutions, organizations or in this case, the government concludes whether the policy implemented was successful in achieving its primary goal. The policy evaluation stage differs from the previous policy stages because the institution, organization or government tries to reassess whether the policy in placed worked or not. This gives the government, institution, or organizationRead MoreLimits of Policy-Making1952 Words   |  8 Pagessociety, policy makers face many limitations in the policy-making process. The biggest limitation to date is the ever-increasing pluralistic values inherent in society. A pluralistic approach can be defined as â€Å"different groups†¦ in society are divided by ideology, economic and cultural factors; all seeking to have their interests reflected in public policy†1 These competing interests from such groups as politicians, interest groups and the media play a big role in the outcomes of policy making. OtherRead MoreU.s. Policy Making Process1339 Words   |  6 PagesIn order to effectively comprehend the United States of America’s (U.S.) policy making process, one must, accordingly, understand the various stages as well as the institutions involved in the same. More particularly, there are four key institutions involved in the U.S.’ policy making process; each of which play a significant role in the various stages of the process. Specifically, the U.S. policymaking process is co mprised of four stages, to wit: agenda setting, formulation, implementation, andRead MoreInterest Groups and Policy Making1929 Words   |  8 Pages‘The involvement of civil society and interests in policy – making is a constructive way to involve representative groups in the policy process and is conducive to economic growth’ Discuss whether you agree with this statement, with reference to Olson’s critique of interest groups. Introduction The aim of this assignment is to look at the effect civil society and interest groups have on policy making and how in turn these are either conducive or not to the economy. Olson’s critique of interest groupsRead MoreThe Policy Making Process Essays1817 Words   |  8 Pages The policy making process in CA plays an instrumental role in the prosperity and quality of life that exist today, and will exist in the future for CA. Public policy can be defined as a public response to public problems. It’s what the government says and does about these problems. Policy is when government and nongovernmental agents work together to create solutions for the public at large. The policy actors are formal, as well as informal; they are individuals or groups, which bring about theRead MorePolicy making in South Africa6476 Words   |  26 Pagesand to benefit from sound governing policy. Broadly speaking policy consists of three overhead functions which are: policy making, policy imp lementation and policy analysis and evaluation. The task of this assignment is to concentrate only on policy-making with particular reference to the elimination of the high crime rate in South Africa. The policy-making process has three main steps, namely policy initiation; policy formulation and policy approval. Policy making, is one of the six administrativeRead MoreBasic Areas of Policy Making2123 Words   |  9 Pages____________________________________________________________________________________ BASIC AREAS OF POLICY MAKING A  policy  is typically described as a principle or rule to guide decisions and achieve rational outcome(s). The term is not normally used to denote what is actually done, this is normally referred to as either procedure  or protocol. Whereas a policy will contain the what and the why, procedures or protocols contain the what, the how, the where, and the when. Policies are generally adopted by the Board of or senior governanceRead MorePluralism and Policy Making in New Zealand2593 Words   |  11 PagesZealand political system which is illustrated in this paper by studying their involvement in the development of the Emissions Trading Scheme. A pluralist democracy places additional demands on policy makers who have many interests to consider. As New Zealand becomes increasingly diverse culturally, public policy in areas such as education will need to be careful to consider many points of view. Lastly, this paper will discuss the criticisms of pluralism and a new theory †“ neopluralism which emergedRead MoreWhen Making Public Policy Decisions1452 Words   |  6 Pages1. When making public policy decisions, policy makers must face a world with imperfect information and a finite amount of resources. Both of these realities put limitations on how effectively a policymaker can make people’s lives better off. Obviously, it is impossible for anyone to perfectly predict how a certain policy will play out when it is enacted. This includes policymakers, who despite their noble goals of increasing the well-being of society, can only make an educated guess about the effectsRead MoreNationalism And Foreign Policy Making Essay1793 Words   |  8 Pages Research Proposal Nationalism and Foreign Policy Making Introduction The general subject of this proposed study is Chinese nationalism and how it affects China’s foreign policy. More specifically, I will examine if, and how, domestic nationalist feelings impact Chinese foreign policy. When analyzing the outcome I will focus on whether or not emergent territorial concerns and traditional security issues will be put higher on the agenda after the level of nationalism has increased. Contribution