quinta-feira, julho 01, 2010
Lugar do Senhor dos Perdões (parte V)
Continuado daqui: parte I, parte II, parte III e parte IV.
Voltando ao livro "Job Creation and Destruction" de Steven Davis, John Haltiwanger e Scott Schuh:
"Like most people, policymakers and bureaucrats evince a reluctance to acknowledge mistakes. Consequently, targeted policy programs tend to persist beyond the point of economic desirability, and they are likely to be managed in a way that obscures evidence of policy failure. (Moi ici: Qimonda, Aerosoles, ...) Once again, this political economy argument is not new, but it acquires added force in light of the dominant role of idiosyncratic determinants of business performance. To minimize job loss and business failure - thereby helping to preserve the image of a successful policy - the least successful businesses in targeted sectors often receive more generous subsidies or other forms of assistance."