Politic,market and government

(Name (Professor (Subject-Section (Date

Economic , Social , and Government Relations

Time and again , economic activities are seen as source of power and authority . The market serves as an arena of wealth both for the nation and for personal /private company gains . Nevertheless , this is not always the case . There are cases wherein a company 's gain serves the country 's interests . Others would like to look into environmental means to lower costs and expenses . In all these , companies transact internationally and trade with other nations . This activity is guided by rules and

agreements to limit monopoly and increase competition . The global political economy today tries to reach the best compromise that would benefit the participants

This essay would look into how businesses , governments and societies interact in the global economy . There will be a discussion of the role of government in economic policy focusing on the instance of joint ventures as portrayed by Botswana and De Beers . Competition will be analyzed in the presence of tax credits which prevail in United States and Europe . The difference between the two will be highlighted . Finally there will be a comparative clarification of why WTO fails to reach a compromise in addressing trade efforts between developed and developing countries

De Beers and Botswana

According to Jun Nocera , De Beers is a diamond mining company established in Botswana in 1967 (Diamonds , 8 /9 /08 . Since then , Botswana had been the foremost seller of diamonds . Botswana 's economic growth and shift from agriculture to industrial is...