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Two examples of government failure

Thursday, May 20, 2010
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Here are two examples of government failure - one an ill-judged intervention in the housing market. The other criticism that a major international organization has manipulated the definition of a pandemic and spread unnecessary fear about the risks associated with summer flu.

The new coalition government has moved swiftly to abolish Home Information Packs (HIPs) from the UK property market. Designed as a way of providing would-be buyers with more detailed information about properties for sale, they have proved to be hugely expensive, bureaucratic and largely irrelevant. A classic case of an intervention with good intentions but one that served merely to make the business of buying and selling a house even more time-consuming and expensive. More here

Secondly, questions are being raised over the World Health Organisation’s handling of the H1N1 swine flu pandemic last year and this. To what extent has the WHO succumbed to regulatory capture - being unduly influenced by the powerful pharmaceutical industry lobby.

“The lack of transparency in its decision making process, together with the WHO’s advice to countries to begin widespread vaccination against swine flu, has led some observers to suspect undue influence from the pharmaceutical industry”

More here


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AS & A2 Economics Revision Workshops

AS & A2 Economics - Intensive Exam Coaching & Revision Workshops: Book Now!

Stratford | Fulham | Bristol | Birmingham | Gateshead | Leeds | Manchester

Dates and Locations

AS & A2 Economics - Macroeconomics: National & International Economy (Unit 2),  Global/International Economy (Unit 4)

  • Tuesday 25 March 2014 - London (Stratford City)
  • Wednesday 26 March 2014 - London (Fulham Broadway)
  • Thursday 27 March 2014 - Bristol (Cribbs Causeway)
  • Friday 28 March 2014 - Birmingham (Star City)
  • Tuesday 1 April 2014 - Gateshead (Metro Centre)
  • Wednesday 2 April 2014 - Leeds (The Light)
  • Thursday 3 April 2014 - Manchester (Salford Quays)

Post-Easter (AS Economics Units 1&2 Combined;  Global/International Economy (Unit 4))

  • Monday 28 April 2014 - London (Stratford City)
  • Tuesday 29 April 2014 - London (Fulham Broadway)
  • Wednesday 30 April 2014 - Bristol (Cribbs Causeway)
  • Thursday 1 May 2014 - Birmingham (Star City)
  • Friday 2 May 2014 - Manchester (Salford Quays)

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