Functions of Economic Order c

Kurze Zusammenfassung:    Incentive Systems c. Control of Civil Service 3. Bettina Burger-Menzel just looked over my written notes and just told me that this is a filter model. This is what his paper will show in detail. Its support for the industries, that are essential for the country, but are not as driving as for example the solar industry has on the economic growth of a country. These job losses result in a imbalance and its the Structural Adjustment Policy here to help out with their instruments. For example to reduce such imbalances the state could intervene with temporary subsidy or state founded retraining measures. A worker from the steel industry just could get fired but with the state help he gets a retraining program so that he can work in the car building industry. His job is then been shifted from the steel to the car building industry but he still has a job and that is why the balance is being stable. The goal of the Structural Adjustment Policy is to raise the competition ability of vulnerable industries by investing in rationalization, by doing a redesign of the product range and modernizations of product facilities. Its a temporary help for the concerned industries. It tries to support growing and driving industries like the biotech sector, the solar and pharmacy industry. So decisions could lead the German politics to rise a new biotech cluster here focusing on studies against cancer and any kind of flues. These 3 aspects form the group of technology policy that diffuses through the functions of economic order. Functions of Economic Order The filter aspect of the economic order consists of system conformity and the essential and additional system functions. The definition for system conformity says that economic instruments whether conform to the economic conception of the policy coordination process or not. That should help you to stay competitive. The state intervenes and used system in conform instruments to support Brandenburg. That could lead to state failure but under all circumstances the other biotech clusters in Germany will get in contact that the state has used such instruments and they will interrupt this. Maybe they will block this or they will demand the same rights for themselves. On the other hand if that is approved its simply system damaging. It defines the primacy of the market from state invention and if the state invention seems inevitable then there is a priority to market-based instruments before market in conform instruments. Then it suggested to take that instrument that is the most target conform, e.g. They use founds that were given away to build up the biotech companies, hire staff, build laboratories and start doing research. It is done a dynamically way so no state money is wasted because everyone follows the rules and still continues working after the state found is over. The state says that Brandenburg focuses on Cancer and Flue studies and Brandenburg starts to work. So the state decides to buy the new flue medicine from Brandenburg, which was possible because Brandenburg had definitely competition advantages over the other biotech clusters. Because Brandenburg did so well it attracts new scientists, other researches come here to do their PHD degree at the Brandenburg University. The state could expropriate all house owners there or they could use a target conform instrument by paying them a reasonable price for their houses over there. Technologie und Innovationsmanagement Laws, norms, regulations should help and support the process of technology policy realization. But there are also problems when it comes to realisation. A very special one is the principle agent problem that could arise here. Transaction costs occur when one good is transferred to someone else. An output of the realization in our biotech cluster example would be the pharmacy released to the market, the new scientific articles, new patents and new installed staff, which gets a new job and gets paid. Also the amount of new PHD degrees that were given in that new sector could be a feedback for the technology policy. Critical Aspects The following shows some aspects that should be controlled when it comes to spending funds, subsidizes during the process of realization of technology policy. Principle Agent Problem Principle Agent Problem is about the information advantage of one party and it can happen that this is lead to misuse and can then lead to market failure. This process is lead by Mister Maier. This example shows a special principle agent problem and it happens in nowadays politics. If Mister Maier is a social responsible person he could say, that he is not interested in that kind of deal. From that point of view its important to use social aware and responsible human beings in such positions to prevent such problems. Incentive Systems Incentives could be the kind of financial or non financial, material or non material to let choose between two alternatives. Their will to work on a long lasting relationship with some state money is not given and its the governments turn to find and filter those free riders out. If government would not control their incentives systems and this may lead to state failure because no company sees the need to work with that money on a long lasting relationship between government and company. c. Control of Civil Service It is needed to control the civil service. They currently do not get punished in Germany when they make mistakes or when they work in a slow, inefficient way. They produce thousands of rules for different aspects of daily, politically and economically life and its hard to get through all of it. It also takes time if you give in papers to them and to get answers. Job rotation, control instances from the outside, reduce of their privileges could be installed and help to control the civil services. Maybe we need other incentives here because every person is different but it should only be an example here. But currently the system is closed in itself and its hard to get to change it.

Auszug aus dem Inhalt:    The state could expropriate all house owners there or they could use a target conform instrument by paying them a reasonable price for their houses over there This example shows a special principle agent problem and it happens in nowadays politics From that point of view its important to use social aware and responsible human beings in such positions to prevent such problems Importance for the system 2 For example to reduce such imbalances the state could intervene with temporary subsidy or state founded retraining measures It focuses on biotech industries and has set on the technology way strategically So decisions could lead the German politics to rise a new biotech cluster here focusing on studies against cancer and any kind of flues On the other hand if that is approved its simply system damaging So the state decides to buy the new flue medicine from Brandenburg, which was possible because Brandenburg had definitely competition advantages over the other biotech clusters If Mister Maier is a social responsible person he could say, that he is not interested in that kind of deal Technologie und Innovationsmanagement Laws, norms, regulations should help and support the process of technology policy realization Then it suggested to take that instrument that is the most target conform, e.g A very special one is the principle agent problem that could arise here The man is the weakest point in that case It is done a dynamically way so no state money is wasted because everyone follows the rules and still continues working after the state found is over They produce thousands of rules for different aspects of daily, politically and economically life and its hard to get through all of it It tries to support growing and driving industries like the biotech sector, the solar and pharmacy industry Control of Civil Service It is needed to control the civil service The state says that Brandenburg focuses on Cancer and Flue studies and Brandenburg starts to work

Bildbeschreibung: But there are also problems when it comes to realisation Control of Civil Service 3 Its a temporary help for the concerned industries It also takes time if y...

Datum der Veröffentlichung:

2025-04-17T01:30:41

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