Policy, Politics And Public Management Essay Example | Topics and Well Written Essays - 500 words

Policy, Politics And Public Management - Essay Example These are the factors why the size of interest groups in the real estate increases. The impact of these interest groups, who favor moving not just their residential but also their business functions in New Jersey, is apparent in the state's real estate. Since New Jersey is ideally situated in the heart of major cities and seaports in the country, many sectors in the country become part of the interest group, thus providing innovations in the state. According to Thompson (1999), the major impact of the interest groups in the real estate market of New Jersey owes its credit to the manifold factors including the favorable conditions in the state. In his book, New Jersey: A Big Pearl House, Thompson showed that as interest groups increase by 1%, the real estate industry grows by as high as 5%. This analysis showed that the increase in the size of interest groups in New Jersey is four times directly proportional to the improvements in the real estate market of the state. Thompson also showed that the real estate industry accounts for more than 7.8% of the present improvements in the infrastructure which every citizen in the state enjoys. This only proves the huge impact of interest groups not just in the real estate industry but also in the local economy of the state. Smithso