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Dama
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Posts: 6852
Joined: 22 Jun 2024, 21:05

What are the economic policy features of underdeveloped countries?

Post by Dama » Yesterday, 15:32

1. High tariffs on imports such as India and Ethiopia?
2. Too many Red tapes on licensing foreign investors?
3. Foreign investors must have local partners to operate business in the underdeveloped economy?
4. They cannot repatriate their profits out of the underdeloped economy?
5. Their investment is not guaranteed in case of gov change?
6. They cannot borrow from local banks?
7. Forced to use only one or two currencies such as USD(Ethiopia), €, £, ¥, etc.
8. They can hire only locals than import experienced CEOs?
9. Severely high income taxes?