Economic Policy and Livability: The Role of Government and Business Collaboration

Abstract

The relationship between government and businesses in modern societies is significant in creating economic policies that improve living standards. This paper focuses on studying the mechanisms and results of this partnership, which can result in job creation, economic growth, and social well-being. The literature review explores the existing body of knowledge concerning government-business collaboration in the context of economic policies and livability. The review identifies gaps in current research and underscores the need for a comprehensive understanding of the multifaceted nature of livability and how such collaboration influences its various dimensions. This research primarily employs case studies as the research method. A selection of pertinent case studies is analyzed to gain insights into the collaborative dynamics between government and businesses and their influence on livability. Qualitative data sources, including government reports, academic studies, and expert interviews, are utilized to provide depth to the analysis. The analysis of case studies reveals that government-business collaboration can significantly enhance the quality of life for citizens. The paper discusses the positive outcomes of this collaboration, particularly in terms of job creation, economic growth, and social well-being. It highlights the role of economic, social, and environmental dimensions in understanding livability. The paper offers theoretical implications by emphasizing the interplay of economic, social, and environmental factors in assessing livability. Practically, it advocates for transparent, accountable, and inclusive government-business collaborations as a means to create policies that genuinely serve the public interest and enhance livability. The study acknowledges potential limitations, recognizing the context-specific nature of case studies and their inherent constraints. These limitations are taken into account to ensure a balanced and well-informed understanding of government-business collaboration and its implications for livability.

Keywords: Economic policies; Social well-being; Regulations; Sustainable future; Livability

Australian Academy of Accounting and , volume 6, issue 1, January 2024, pp 68-81