Impact of political legislation on air trade and on the nation’s economy

Abstract

An observer who dedicates himself or herself to studying the formation of public policy is well aware of the many elements which are responsible for shaping the final outcome. Government decision making ideally includes many stages of interactions between the voters, interest groups and the various organs of the government which are involved in the specific department related to the policy in question. With regards to the trade policy which is our main focus here, we see that trade and monetary decisions are mainly decided by the presence of interest groups who are interested in securing favourable trading policies for themselves and the legislators reactions to them.