Impact of Government Policy on Economy
IMPACT OF GOVERNMENT POLICY ON ECONOMY
A. INTRODUCTION
Generally, policies and strategies of Nigerian government towards development are shaped by two principal objectives of desire for economic independence and the demand for economic development. Multi national corporations are expected to bring into Nigeria, foreign capital in the form of technical skills, entrepreneurship, technology and investment fund to boost economic activities thereby, rising the standard of living of Nigerian. This can be tagged as foreign economy policy
B. WHAT IS POLICY?
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Policy is typically described as a principle or rule to guide decisions and achieve rational outcome(s). The term is not normally used to denote what is actually done; this is normally referred to as either procedure or protocol. Whereas a policy will contain the 'what' and the 'why', procedures or protocols contain the 'what', the 'how', the 'where', and the 'when'. Policies are generally adopted by the Board of or senior governance body within an organization where as procedures or protocols would be developed and adopted by senior executive officers.
C. WHAT IS GOVERNMENT?
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Government is the organization, or agency, through which a political unit exercises its authority, controls and administers public policy, and directs and controls the actions of its members or subjects. Typically, the term "government" refers to the civil government of a sovereign state which can be local, national, or international. However, commercial, academic, religious, or other formal organizations are also governed by internal bodies. Such bodies may be called boards of directors, managers, or governors or they may be known as the administration (as in schools) or councils of elders. The size of governments can vary by region or purpose.
Growth of an organization advances the complexity of its government, therefore small towns or small-to-medium privately operated enterprises will have fewer officials than
A. INTRODUCTION
Generally, policies and strategies of Nigerian government towards development are shaped by two principal objectives of desire for economic independence and the demand for economic development. Multi national corporations are expected to bring into Nigeria, foreign capital in the form of technical skills, entrepreneurship, technology and investment fund to boost economic activities thereby, rising the standard of living of Nigerian. This can be tagged as foreign economy policy
B. WHAT IS POLICY?
[pic]
Policy is typically described as a principle or rule to guide decisions and achieve rational outcome(s). The term is not normally used to denote what is actually done; this is normally referred to as either procedure or protocol. Whereas a policy will contain the 'what' and the 'why', procedures or protocols contain the 'what', the 'how', the 'where', and the 'when'. Policies are generally adopted by the Board of or senior governance body within an organization where as procedures or protocols would be developed and adopted by senior executive officers.
C. WHAT IS GOVERNMENT?
[pic]
Government is the organization, or agency, through which a political unit exercises its authority, controls and administers public policy, and directs and controls the actions of its members or subjects. Typically, the term "government" refers to the civil government of a sovereign state which can be local, national, or international. However, commercial, academic, religious, or other formal organizations are also governed by internal bodies. Such bodies may be called boards of directors, managers, or governors or they may be known as the administration (as in schools) or councils of elders. The size of governments can vary by region or purpose.
Growth of an organization advances the complexity of its government, therefore small towns or small-to-medium privately operated enterprises will have fewer officials than