Financial Institutional Policy in the Hierarchy

Policy Type Summary of the Policy (in your own words) Explain if the policy is effective and provide a rationale Describe the financial outcomes of the policy Provide examples of policy violations
National Health policy is focused on the improvement of the state of the health of the nation. The policy might be considered comparatively efficient as there are certain signs of improvement of the delivery of care For the USA the given national policy costs about 17,9 % of its GDP (Baggot, 2015) which is one of the greatest sums among other Western states. There are still numerous violations as some organizations fail to deliver health care in terms of the policy
National Military policy aims at the protection of the US citizens and states interests all over the world At the moment it is efficient as the USA has the most powerful military sector It costs about $598,5 billion a year (Wu, 2013). Policy violations might mean some bad practices at the local level
State Educational policy is a set of regulations provided by a state to educate citizens There are numerous problems in the modern educational sphere related to its efficiency It costs $2billion every day (Wu, 2013), and spending is too big. Educational establishments might adhere to illegal practices to save costs or enrich
State Financial policy chooses the most efficient pattern of money distribution across the state It could be considered efficient enough as various states obtain financing in the amount needed for their evolution Public funds are given to certain communities and local governments to guarantee their evolution There are numerous cases of the usage of public funds for private purposes or for enrichment (Connolly & Mason, 2016)
Institutional Financial institutional policy regulates the financial aspect of the functioning of a certain institution within a state The efficiency of a financial institutional policy is proven by numerous approaches that use this pattern It contributes to the adherence of the wise and efficient pattern that could help to develop a certain sphere Problems might occur at the local level as authorities might misunderstand the essence of the policy
Institutional Institutional policy within a health care regulates the way some of its branches function The policy guarantees the functioning of various important institutions within a certain sector to achieve certain goals The policy results in the increased efficiency of a certain sphere (Carter & Weiber, 2015) and contributes to better incomes There are cases of false understanding of the main approaches that should be used while implementing it

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.

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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

Abzug, R., Olbrecht, A., Sabrin, M., & DeLeon, E. (2014). Nonprofit financing to the rescue? The slightly twisted case of local educational foundations and public education in New Jersey. Nonprofit and Voluntary Sector Quarterly, 45(1), 133-149. Web.

Baggot, R. (2015). Understanding health policy. Journal of Social Policy, 45(3), 8-9. Web.

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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.

Connolly, J., & Mason, D. (2016). Ideology and local public expenditure priorities. Political Research Quarterly, 69(4), 830-841. Web.

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.

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