Introduction
Maunder & Maunder (1979, p. 41) explain that the economic problems and policies implemented in developed countries have placed significant boundaries and constraint. The establishment of new intervention principles and the surfacing of new regulatory organizations have been the combined effect of the political values and economic conditions in many countries.
Many nations have faced challenging economic conditions in the presence of considerable government intervention measures.
Laws which limit gambling on sporting events
One of the key concerns of the gambling participation is the legal age for the gambling activity. Young people are regularly involved in the sale of raffle tickets. There is need for age restrictions regarding child involvement in the gambling events, especially relating to what particular age children should be permitted to participate in the gambling sports events.
An individual is regarded as an adult when he or she performs specific roles in managing finances and is mature enough to understand his or her roles and actions and can append signatures on legal documents. Prohibitory legislation is necessary to give direction on matters regarding the gambling on sporting events.
Internet gambling for example is currently controlled by the Gambling Act created by the federal administration. The Act provides that individual states should have the ability to devise their own regulations and policies.
Gambling is considered a popular entertainment activity in developed countries such as Australia and the attempts by the federal administration to intervene will potentially raise a lot political debate given that several groups and gambling supporters are unwilling to endorse the legislative interventions (Balaban & Carabateas 1998, p.178).).
Restrictions on the sale of alcohol at outdoor music and events
In many developed countries, individuals love sports and arts. Many individuals in both developed and developed countries are strong supporters of the arts including music and films. The average expenditure for arts products ranks among the best in many countries.
The country’s unique cultural landscape is a result of its blend of traditions and a mix of cultures. The government plays a significant role in the development of the national culture. For example the Australian council provides more than 2,000 grants to arts organizations throughout the nation (Penrith & Seal 2009, p. 425).
Alcoholic drinks and beverages are sold at the entertainment venues and outside the music rooms and theatres. The beverage law does not explicitly give direction matters regarding child involvement in the sale of alcoholic drinks in restaurants and open places.
In many countries, the law generally states that drinking alcohol outdoors is outlawed and especially among individuals under the age 21 years. Discos and nightclubs are often dominated by young people who take every little opportunity to entertain themselves in the live music and consume the illicit drinks.
The prevailing approaches of national drug control organizations have failed to effectively address the issue. The government intervention should involve implementation of laws and policies that regulate the entertainment activities and place necessary restrictions on the sale and consumption of alcohol.
Conclusion
The present government involvement and demand for interventions in the economy have demonstrated that no clear-cut conclusions can be obtained from the experiences of many countries. It is not necessarily true that the more deregulated and liberalized an economy is, the higher the economic growth rate.
It is important to minimize government interventions in order to foster economic development (Balaban & Carabateas 1998, p. 170).
References
Balaban, A., & Carabateas, E.1998. Science and technology management. IOS Press, Lansdale PA. pp.170-200.
Maunder, P., & Maunder, P.1979. Government intervention in the developed economy. Taylor & Francis, London. pp.40-100.
Penrith, D., & Seal, J. 2009. Live & work in Australia (5th ed.). Crimson Publishing, London. pp.420-450