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Rules concerning disclosure of information and accounting change behaviour but only be drawing attention to certain facts. In the area of environment, Health, epidemics, and other hazards for instance, there is evidence that informal enforcement has had significant effects. In fact, information does affect the behaviour of voters, there are strong reasons to believe that incumbents in the political process will try to suppress adversely affecting information and highlight the others. We have seen earlier that externalities or free rider problems play an important role in determining the effectiveness of interest groups. Deep interventions need to be distinguished from shallow interventions while considering the path dependence of outcome in formatting a policy. Information lies at the heart of belief in agents and expectations formed or deformed are the playmate of information. This becomes more effective when political process is taken into consideration if process as we have seen above.
Q. Importance of heterogeneity? The importance of heterogeneity for public policy process can be summarized in two propositions. - Heterogeneity or conflict of interests is
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There is no doubt that the environment surrounding business organizations play an important role in influencing the decisions of those organizations and their strategic plans. That
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critically explain the importance and reasons
It has been accepted to most policy and development economists that among the most important sets of institution in an economy are those that provide for enforcement of contracts.
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Explain the stages and various coordination mechanisms involved in policy processes. Discuss various factors that influenced the agenda setting in policy processes
The international monetary fund and the World Bank are the main lending financial institutions that give assistance to developing nations in the restoration of their economy. Wh
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