The paper 'What is the Core Argument in the Text by Vogel' is a great example of a Business Assignment. For David Vogel, author of the seminal book Fluctuating Fortunes: The Political Power of Business in America, businesses lose their political power when the economy soars, however. When the economy is down, corporate accountability appears to be costly valuable. As advice, Vogel called on businesses to unite so as to increase and make their political power formidable. But he warned that even though unity may be achieved, such solidarity varies over time, and sometimes fluctuates. In order to become progressive in their mission of uniting businesses, firms and industry must be conscious of the ways through which its political fortunes are affected.
He notes of factors that may affect the extent of businesses’ political unity, namely: public perception of the society’ s long-term strength, cooperation among companies and industries, and the dynamics of the political system. Hence, Vogel said businesses must seriously commit its political resources to support or oppose any particular policy. Week 3: What is distinctive about business-government relations in the ‘ developmental state’ model? Although any business-government relations where the state is expected to perform key roles in encouraging private investments through active policies may be remote in most mercantile states, is re-emerging as the developmental state model, inspired by Keynes’ suggestion that state must perform key investment function.
This model then may be said to be unique for mixing the old and new approaches in the political economy that advocate state spending for infrastructure in order to encourage private firms to do business, which may in turn increase the nation’ s overall investment levels. It is argued that in this model, pursuing active policies to encourage industry involvement may be tantamount to requiring the state to commit a permanent intervention in order to assure overall levels of investments.
The impetus for this has always been the awareness of common observation that private investments in market economies are infrequently rare. Week 4: What are the key factors determining the strength and influence of business associations? Business associations have their own strengths and influences. This may be accounted to the assumption that the shift in the individual interest perceptions into a common interest parameter, by which such forms of political identity is centrally important.
However, obtaining satisfactory results remain elusive, that is why business associations are compelled to politicize their interests. By politicizing, it is inevitable that it showcases its strengths and influences. Among these many strengths and influences include a) the generation of systematic contradictions and crises to pursue the capital owners’ individual interests; b) the political mobilization of workers which remain a big challenge among firms in deciding to invest, and c) increased polity that continues to drive private firms to serve as a mechanism of resource allocation, which has declined.
In sum, when private firms and industries banded together as a business association, their influence is likely to increase and boost the nation’ s economy. Week 5: What, according to Coleman, is the difference between policy advocacy and policy participation? What characteristics must a business association have to be strong in each of these areas?