It is obvious that any state could be considered a complicated structure whose functioning is coordinated by numerous regulations, policies, and laws. The appearance of these very notions could be considered the logical result of the evolution of society and the institution of government that managed to create an efficient tool to coordinate the functioning of all spheres of society and achievement of a certain goal. Besides, at the moment there are several types of policies that are exercised to assure that a state will continue its evolution. These are national, state, and institutional policies that represent different levels of power. Yet, they also provide a hierarchical system in which all elements are interdependent and one result from another. For this reason, it is possible to state that the lower level is influenced by the highest one and is needed to coordinate the functioning of local institutions and agencies.
Besides, when speaking about various institutional policies, it is necessary to analyze the background that preconditions their appearance. In other words, the creation and development of an institutional policy are impacted by a certain local need for a regulatory tool which could assure that the most important goals will be accomplished. In this regard, the appearance of certain purposes results in the increased necessity to create an institutional policy. However, it could not be introduced disregarding the existing national and state policies as it still remains a part of the state machine that is created to accomplish vital tasks. For this reason, the investigation of a financial institutional policy might provide the basic information needed to improve comprehending of the mechanisms of the formation of governmental regulatory tools and the way it meets the basic goals of the national policy.
Therefore, financial institutional policy in the sphere of education is chosen as for the comprehensive analysis. Besides, it could be taken as the way to regulate the functioning of various establishments at the local level. It could also be associated with the provision of education and training to students in the way that could satisfy their needs. Yet, there are several crucial points that should be minded when cogitating about its main peculiarities. First, it is obviously impacted by the national policy in the sphere of education. There are several basic goals that should be achieved to guarantee the improvement of the state of peoples knowledge and formation of their own perspectives of various phenomena. In this regard, the budget provides a certain level of financing that should be spent to attain the above-mentioned goals (Abzug, Olbrecht, Sabrin, & DeLeon, 2014). For this reason, one should realize the fact that institutional policies are framed within national policy and an institutional mandate or mission.
Therefore, analyzing the given institutional policy, its focus on the main goals of the national policy should be admitted. It is obviously oriented on the creation of the conditions beneficial for students training and improvement of the level of their skills in various spheres. Yet, as stated above, the national policy also determines the level of financing needed to attain success and achieve certain goals. With this in mind, the given financial institutional policy should be experienced in frames of spending devoted by the government to the organization of a certain program within a state. In other words, the level of its financing is strictly regulated by the national policy. For this reason, it is possible to say that the selected institutional policy meets the goals of the national policy by creating the conditions needed for students to improve their knowledge. At the same time, it also considers local peculiarities which contribute to the increased efficiency and better final outcomes.
Altogether, the institutional policy could be taken as an efficient tool that is used by local government to achieve certain goals and perform tasks outlined by the national policy related to the given sphere. The great positive outcomes of a certain institutional policy are predetermined by its focus on local peculiarities and attempts to fulfill needs peculiar to the region. For these reasons, the given tool could be considered efficient enough to be used to improve the situation in the given sphere and attain significant shifts in peoples mentality and perspectives that could result from the increased level of knowledge.
References
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Baggot, R. (2015). Understanding health policy. Journal of Social Policy, 45(3), 8-9. Web.
Carter, D., & Weiber, M. (2015). Integrating core concepts from the institutional analysis and development framework for the systematic analysis of policy designs: An illustration from the US National Organic Program regulation. Journal of Theoretical Politics, 28(1), 159-185. Web.
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Wu, Y. (2013). The cross-state distribution of federal funding in the USA: The case of financing academic research and development. Science and Public Policy, 40(3), 316-326. Web.