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  • Ha1012 WK4 Lec

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    kong kit yan
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    The document discusses different approaches to government intervention in markets including privatization, contracting out, and new public management. It also outlines the public policy process from the generation of policy ideas through approval, implementation, and auditing outcomes. Additionally, it notes the differences between presidential and parliamentary systems with the president separated from the legislature while the prime minister serves as the head of both the executive and legislative branches.

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    HA1012 WK4 LEC

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    The document discusses different approaches to government intervention in markets including privatization, contracting out, and new public management. It also outlines the public policy process from the generation of policy ideas through approval, implementation, and auditing outcomes. Additionally, it notes the differences between presidential and parliamentary systems with the president separated from the legislature while the prime minister serves as the head of both the executive and legislative branches.

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    6 views1 page

    Ha1012 WK4 Lec

    Uploaded by

    kong kit yan
    The document discusses different approaches to government intervention in markets including privatization, contracting out, and new public management. It also outlines the public policy process from the generation of policy ideas through approval, implementation, and auditing outcomes. Additionally, it notes the differences between presidential and parliamentary systems with the president separated from the legislature while the prime minister serves as the head of both the executive and legislative branches.

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    of 1

    Recap from wk 3

    Market (invisible hand) - market failure (information asymmetry etc) - hence govt intervention needed
    (depends on regime) - result in increased govt size and scope – govt failure – new public management
    (intervene in different way, Thatcher, Clinton; Neoliberals) - reduce scope of govt intervention (public
    sector) - Privatization, Deregulation, contracting out, Quasi (public) markets to resolve issue

    Privatization: fully out of govt control

    Contracting out: govt still retain power

    Public choice alt is NPM – introduction of market forces in the government

    WEEK 4

    President head of executive, PM head of executive and legislature

    Public Policy Process (budgeting)

    Idea of policy – review & approval (legislature) – implementation (execution; executives) - president sign
    - outcome (audit)

    Mandotory spending: health care etc must be approved

    Discretionary spending: military etc are up to be discussed

    President not responsible to legislative; separation of power but PM is – head of govt; fusion of power

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