Economic Policy Formation: Decision Making Process
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Economic Policy Formation: Decision Making Process
Annotation
PII
S032120680004153-2-
Publication type
Article
Status
Published
Authors
Elina Kirichenko 
Occupation: Leading Researcher
Affiliation: Primakov National Research Institute of World Economy and International Relations, RAS
Address: Russian Federation, Moscow
Edition
Pages
23-37
Abstract

Without knowledge of the specifics of the American decision-making system, it is impossible to understand the individual steps of the administration to form and implement economic policy. This system is based on the mechanism of bringing to a common denominator the national interests and multidirectional interests of various corporations, small business, nonprofit organizations and public groups that have legal channels of pressure on the legislative branch and the executive branch of government. The article analyzes the institutions, mechanisms and constraints of economic policy formation, its decision-making process in the United States. The specificity of the decision-making process is particularly evident in the formation of fiscal policy. Here interests of parties, administration and the congress, the federal center and states, lobbyists of different levels collide. The election of "non-system" president D. Trump, and his sharp turns in domestic and foreign economic policy have raised questions about the sustainability of the system of decision-making and its effectiveness within the framework of the division of power between the legislative, executive and judicial branches in the United States.

Keywords
decision-making process, legislative power, administration, FRS, judicial system, lobbism, budget process, debt ceiling
Received
28.12.2018
Date of publication
13.03.2019
Number of purchasers
89
Views
1815
Readers community rating
0.0 (0 votes)
Previous versions
S032120680004153-2-1 Дата внесения правок в статью - 22.02.2019
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References

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