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This essay presents a theory of the State as derived from the writings of Coase, Stigler, and Smith. It argues that the state may find a role in (1) lowering the level of transactions costs; and (2) redistributing property rights given the level of non‐zero transactions costs. These tenets...
Many non‐metropolitan areas in developed countries suffer from problems of underdevelopment. Because the activities of traditional business firms and government have not met local needs, many communities have created “community business corporations” which are explicitly dedicated to addressing...
The economic boom and liberalization make China a new focus of international investments by multinational corporations (MNCs). How to enter this huge market and what entry mode should be taken, remain inconclusive. This paper is a study of the entry modes of MNCs into China from socioeconomic...
In business and the culture hospitable to it, not much is more important than the moral status of entrepreneurship. If the entrepreneur is a rascal, a rogue, the system that gives such a person a home is surely tainted. Critics of capitalism such as Robert Kuttner and Earl Shorris have made this...
The British National Health Service (NHS) has experienced various phases of reform and reorganisation during the last 15 years. During this time it has been suggested that the role of the patient is analogous to that of the consumer. Meanwhile there has been increasing application of the...
This paper analyzes and explains the dynamics of corporate evolution in the context of anthropologist conception of culture. The multinational corporate characterizing the Galbraithian world, as The New Industrial State, dominates the current economic landscape. The conception of corporate...
Thailand, like a number of other less‐developed countries, has experienced a rapid rise in the share of its national product that is being devoted to health. This paper examines the ways in which the country is paying for its preventive and curative care. Section 1 provides the context by...
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