Key Dynamics & Constraints on Power

These flashcards cover key terms and concepts related to the dynamics of power in corporate and governmental interactions as outlined in the provided notes.

Pro-business

Benefits specific firms/sectors, often linked to rent-seeking behavior.

Pro-market

Promotes competition and innovation, diffusing firm power.

Fragmentation

Shows interaction of structural and intellectual factors in political systems.

Process Power

Involves fragmentation and countervailing forces in policymaking.

Countervailing Powers

Influence via formal policymaking channels, often through coalitions.

Outcome Power

The direct ability to secure or block policy results through influence.

Marginal Effective Tax Rate (METR)

Measures the total tax burden on corporations, indicating tax competitiveness.

Clientelism

The exchange of political support for policy or economic favors.

Rent Seeking

Gaining advantages via political influence rather than market competition.

Coalitions

Groups that come together, such as environmental and Indigenous forces, to challenge corporate projects.