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Examples of government failure include regulatory capture and regulatory arbitrage. Government failure may arise because of unanticipated consequences of a government intervention, or because an inefficient outcome is more politically feasible than a Pareto improvement to it. Government failure can be on both the demand side and the supply side.
A failed state is a state that has lost its ability to fulfill fundamental security and development functions, lacking effective control over its territory and borders. . Common characteristics of a failed state include a government incapable of tax collection, law enforcement, security assurance, territorial control, political or civil office staffing, and infrastructure maintenan
The government assumed control of the bank's £50 billion mortgage and loan portfolio, while its deposit and branch network were sold to Spain's Banco Santander. [17] In October 2008, the Australian government made A$4 billion available to nonbank lenders unable to issue new loans.
In parliamentary democracies based on the Westminster system, political deadlock may occur when a closely-fought election returns a hung parliament (where no one party, or clear coalition of parties holds a majority); this may result in either the formation of a coalition government (if such an outcome is unusual, as in the United Kingdom, Canada and Australia, but not most of mainland Europe ...
Governance failure may also refer to what can also be described as policy failures − the effectiveness, efficiency, and resilience of specific policies. [1] A frequently mentioned example of a policy failure is the War on Drugs.
State collapse is a sudden dissolution of a sovereign state. [1] It is often used to describe extreme situations in which state institutions dissolve rapidly. [2] [1]When a new regime moves in, often led by the military, civil society typically fails to rally around the central government, and societal actors fend for themselves at the local level. [1]
In the United States, government shutdowns occur when funding legislation required to finance the federal government is not enacted before the next fiscal year begins. In a shutdown, the federal government curtails agency activities and services, ceases non-essential operations, furloughs non-essential workers, and retains only essential employees in departments that protect human life or ...
Societal collapse (also known as civilizational collapse or systems collapse) is the fall of a complex human society characterized by the loss of cultural identity and of social complexity as an adaptive system, the downfall of government, and the rise of violence. [1]