Political Economy

The role of international institutions have became only bigger in last decades. Countries are cooperating with each other more and more through globalisation, that is why insternational institutions are so important, because they are like mediators in cooperating, adjusting, accommodating, and compromising to promote all countries common welfare, to solve problems not limited to national boundaries, and to lessen possible conflicts.
- the role of governments?
Goverments could be most important institutions in every country. The are responsible for all main tasks and challenges – providing economy (and not only economy) with a legal structure, maintaining competition in market, redistribution of income, provison of public and quasi-public goods, promoting growth and stability and keep relations with other nations internationaly. Government is representing interests of the people and country.
The government produces goods and services, including roads and national defense, it transfers income through both the tax system and outlays, collects taxes, and that alters economic behavior and regulates economic activity for a number of reasons, including environmental protection, workplace safety, and consumer protection.
Lots of problems (unemplyment, aging, debts, inflation, etc.) are common in almost all countries world wide, that's why government should think more about economical and political problems internationaly and globaly and find the right approach to deal with these problems.
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