Markets - Introducing Markets
3 important questions on Markets - Introducing Markets
The 1990s and onwards witnessed a strong growth in market-based governance. On what relies market-based governance?
- Creating or intervening in markets by levying taxes, issuing trading-permits or developing eco-labels
- Public and private actors try to influence the behavior of producers and consumers, steering society towards more sustainable modes of production
In market-based governance approaches, what is the main mechanism for creating change?
Prices
In practice, market-based governance is fraught with challenges. Explain.
Lobbying leads to special treatment of powerful industries and many countries are unwilling to expose their own industries to higher costs, in absence of a global cooperation.
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
Remember faster, study better. Scientifically proven.
