Blackberry
8th October 2003, 12:18
Red tape keeps countries poor: World Bank
Cumbersome regulations for business make it harder for countries to lift themselves out of poverty, while increasing the potential for corruption, according to a World Bank report released Tuesday. Continued... (http://www.haveeru.com.mv/english/news_show.phtml?id=2375)
Key quotes:
“A much wealthier group — Australia, Canada, Denmark, Hong Kong, Jamaica, the Netherlands, New Zealand, Singapore, Sweden, and the United Kingdom — regulate the least.”
Does anyone notice the U.S.A. in this group, the world's super power? The richest nation on Earth? And since when was Sweden one of these nations. They are fairly big in the public sector. And as one Swedish student exchage student told me just last year -- "it seems like the government owns everything."
“A vibrant private sector — with firms making investments, creating jobs, and improving productivity — promotes growth and expands opportunities for poor people,” the report said.
Emphasis added.
This has certainly been happening in the U.S.A...the "jobless recovery". A nation that more than likely has the least amount of regulation.
“Heavier regulation is generally associated with greater inefficiency in public institutions — longer delays and higher cost — and results in higher unemployment, increased corruption, less productivity and investment, but not better quality of private or public goods.
Emphasis added.
This sounds quite like one of the most deregulated country on earth, doesn't it?
“In Bolivia, one of the most heavily regulated economies in the world, an estimated 82 percent of business activity takes place in the informal sector,” the Bank said.
“There, workers enjoy no social benefits and cannot use pension plans and school funds for their children. Businesses do not pay taxes, reducing the resources for the delivery of basic infrastructure.
Once again, I refer to the World Bank's most influential member.
A typical report from a capitalist organisation, I suppose.
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Cumbersome regulations for business make it harder for countries to lift themselves out of poverty, while increasing the potential for corruption, according to a World Bank report released Tuesday. Continued... (http://www.haveeru.com.mv/english/news_show.phtml?id=2375)
Key quotes:
“A much wealthier group — Australia, Canada, Denmark, Hong Kong, Jamaica, the Netherlands, New Zealand, Singapore, Sweden, and the United Kingdom — regulate the least.”
Does anyone notice the U.S.A. in this group, the world's super power? The richest nation on Earth? And since when was Sweden one of these nations. They are fairly big in the public sector. And as one Swedish student exchage student told me just last year -- "it seems like the government owns everything."
“A vibrant private sector — with firms making investments, creating jobs, and improving productivity — promotes growth and expands opportunities for poor people,” the report said.
Emphasis added.
This has certainly been happening in the U.S.A...the "jobless recovery". A nation that more than likely has the least amount of regulation.
“Heavier regulation is generally associated with greater inefficiency in public institutions — longer delays and higher cost — and results in higher unemployment, increased corruption, less productivity and investment, but not better quality of private or public goods.
Emphasis added.
This sounds quite like one of the most deregulated country on earth, doesn't it?
“In Bolivia, one of the most heavily regulated economies in the world, an estimated 82 percent of business activity takes place in the informal sector,” the Bank said.
“There, workers enjoy no social benefits and cannot use pension plans and school funds for their children. Businesses do not pay taxes, reducing the resources for the delivery of basic infrastructure.
Once again, I refer to the World Bank's most influential member.
A typical report from a capitalist organisation, I suppose.
--------------------
Participate in the Unofficial Che-Lives (Chit Chat) Community Census. (http://www.che-lives.com/forum/index.php?act=ST&f=12&t=17783)