Government Failure

(redirected from Government Failures)

Government Failure

A situation in which government intervention leads to the inefficient allocation of resources. This is not the same as a government intervention leading to an unpopular result. A government failure may prove popular, for example, if it subsidizes local jobs at the expense of more efficient companies elsewhere. Examples of government failure include crowding out and pork-barrel spending.
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"We will raise voice over government failures by coming on Streets", he warned the PML-N leadership.
Lined up against his many chapters on many spectacular government failures, his "successes" are relatively weak.
Chapter Six, "Information, Inflexibility, Incredibility, and Mismanagement," keeps up the drumbeat of government failure. Schuck lays out just how little government knows about many issues on which it acts.
Healthcare and innovation are treated as cases of policy conflicts rather than as government failures in market-oriented reform.
Summary: India's economic growth fell to its slowest pace in a decade for the latest fiscal year, faltering amid government failures to act on planned reforms to encourage investment and improve industry performance.
"Because of a succession of Government failures, we no longer have a manufacturing industry" - Read the blogs I and join the debate on nebusiness.co.uk
We must also satisfy ourselves that any government failures that might result from the proposed intervention do not do greater harm than good.
US President George Bush yesterday took 'full responsibility' for government failures in dealing with Hurricane Katrina and said the disaster raised broader questions about the government's ability to respond to natural disasters as well as terror attacks.
One thing is sure: demagogues will not tire of spending other folks' money and overlooking the consequences of past government failures. Medicare is now so complicated that, according to a General Accountability Office study, physicians who questioned Medicare customer service representatives (CSRs) on proper billing procedures were given the wrong answers an astounding 96 percent of the time.
To these skeptics, the less advanced countries have experienced colossal government failures in their attempts to achieve economic development.
Material is grouped in sections on theoretical foundations, values, rational choices, optimal government and government failure, and public economics of public bads.

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