The country of choice is Indonesia

The country of choice is Indonesia

Directions:

The term paper that is submitted should be an applied research paper that applies the concepts of government-business relations, market failure, government intervention, institutional constraints, and government failure, as well as business and economic policy to real-world deficit and public health problems of a chosen country. You are free to select the country which you wish to research. Please note that you are expected to demonstrate in your discussions in the research paper how the concepts specifically apply to specific situations in your chosen country.

Each paper should contain the following components:

An introduction section that gives the economic background of the chosen country and the dominant sector regarding government-business relations.

For example, which sector is the largest employer in the economy? Is it the government or the private sector?
How does the government facilitate private sector investment and job creation?

A discussion and application of the Laissez Faire, Keynesian, and Monetary theories to the general business and economic policies of this country.

For example, has the government in the past influenced aggregate demand in the economy primarily through fiscal policy, monetary policy, or both?
Do you think the policies may have anything to do with the national debt?

A discussion of the budget deficits and national debt of the country and the application of the concept of market failure to deficit financing and public health.

For example, if much of the deficit financing is due to the provision of government healthcare, public health and/or social programs, why did the government choose to intervene in these sectors?
Was the private sector unwilling or incapable of providing these services? If so, what are the economic reasons for that? Give specific examples and discuss specific types of market failure that may be applicable in this situation.

A discussion and application of the concept of government failures as they pertain to deficit financing and the public health of the country.

For example, has the government engaged in prudent and efficient intervention? Also, what has been the effect of deficit financing on the economy of the country?
In your estimation, what are the social marginal costs and social marginal benefits of the specific interventionist policies?
Could the free-market system have worked to achieve the same intervention goals? Give specific examples of government failure in your application and analysis.

A discussion of the specific measures being put in place to control budget deficit and improve public health of the country.

For example, has the government implemented fiscal consolidation while improving public health at the same time?
What has been the impact or expected impact of the measures on the citizens and the economy?

A conclusion that summarizes and analyzes the research findings and provides recommendation, if any.

Based on your readings, do you think austerity measures will help address the nations problems?

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