economic growth
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Opinion: Harmful attempts to plan and regulate the global economy
Governments’ tendency to overtax the economy, overregulate it and misallocate resources by subsidizing losers, has been hurting economic growth, innovation and competitiveness in many parts of the world, including Europe. Now, officials are discussing novel ways to introduce such disastrous practices on the global level. Their excuse is an alleged need to tax internet companies more and block cryptocurrencies.
Taxing the digital economy
An ongoing international effort to rewrite the global tax rules for the digital economy would be a dramatic shift with potentially damaging consequences. Fear of countries unilaterally levying their own digital taxes has led to an alternative at the OECD, motivated by both fiscal and political factors. The new proposal would ...
Looking for the best tax code
Ballooning modern governments collect an increasing proportion of their countries’ output in taxes, which spreads inefficiency and economic stagnation. The drivers of this process can be neutralized, and the economy-distorting impact of taxation mitigated, with better tax-system design. Among OECD member states, there are examples of sound solutions to emulate.
Dim prospects for developing countries
Developing countries are facing some favorable global conditions, with cheap financing, rising commodity prices, and foreign investors looking for opportunity. But three roadblocks will prevent improved growth in Africa and other developing economies: government involvement in the market, an outsize bureaucracy, and an undereducated labor force. The solutions now being ...
Namibia faces political and economic uncertainty
Namibia has been hailed as a success story of democratic transition in Africa, enjoying relative stability and economic growth for years. But after general elections this November, the country may face a turning point. Growth has stagnated, and political polarization has weakened the ruling SWAPO party. Even if he holds ...
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