Campbellsville University Government Regulation in Business Discussion

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Campbellsville University

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Today's Global Economy is very top-down driven with the government making all the decisions and regulations as it relates to doing business globally.  What are some advantages and disadvantages to this approach?  Is there another approach that might work better?

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Attached.

GOVERNMENT REGULATION IN BUSINESS

1

GOVERNMENT REGULATION IN BUSINESS

Name of the Student
Institution
Course
Date

GOVERNMENT REGULATION IN BUSINESS

2

Government Regulation in Business
In the current world, government regulations on business have been the order of the day.
In detail, most governments across the world are putting across highly specialized regulations on
global business. Generally, personal opinions have been faulted with most governments making
all decisions concerning matters pertaining to global business. Some of the agencies that have
been regulated by the government include government directives on advertising and marketing,
regulation on the employment and labor sector, business environment guidelines, safety, and
health guidelines, and privacy guidelines among others (Knudsen & Moon, 2017). According to
most governments, they are coming up with this regulation to maintain businesses that are driven
according to government desires. However, this government approach in relation to control...


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