Supply Side Policies
- Created by: FunkyFrog
- Created on: 08-04-14 15:55
View mindmap
- Supply Side Policies
- Labour Market Measures:
- Increase spending on education and training
- Reduce power of trade unions
- Introduce performance-related pay
- Increase flexibility of pension arrangement
- Introduce performance-related pay
- Reduce power of trade unions
- Increase spending on education and training
- Tax Reform:
- Reducing burden of income tax
- Reduce direct. Increase indirect taxation
- Reform of Welfare State:
- Reducing welfare benefits
- Reduce unemployment trap
- Reducing welfare benefits
- Industrial and Competition Policy:
- Privatisation
- Privatised enterprises have more incentive to be efficient and competitive (supply side economist argument)
- Exposure to 'discipline' of the market AS curve shifts rightward
- Privatised enterprises have more incentive to be efficient and competitive (supply side economist argument)
- Deregulation:
- Removal of BOEntry + contracting = more competitive
- Privatisation
- Commitment to free international trade
- Trade b/w nations = competition
- Lower cots and prices for consumers
- Trade b/w nations = competition
- Improvement in entrepreneurship + capital spending
- Promote entrepreneurship with more start-ups
- Loan guarantee for new businesses
- Regional policy assistance for entrepreneurs in depressed areas
- Advice for noob firms
- Tax relief on R & D
- Reduce corp tax
- Promote entrepreneurship with more start-ups
- Labour Market Measures:
Comments
No comments have yet been made