The McKinsey Quarterly: The gray market thrives in Brazil, where the informal economy generates nearly 40 percent of the national income. Many companies don't pay their taxes and ignore regulations, thereby gaining an unfair advantage over their law-abiding counterparts while hurting the nation's productivity. Brazil's onerous bureaucracy is partly to blame: burdensome regulations, high taxes, and weak enforcement conspire to encourage evasion because the benefits outweigh the relatively small possibility and cost of being caught.
The take-away: Brazil's economy could grow by an additional 1.5 percent a year if its government launched a concerted effort to reduce the size of the gray market, as many other countries have succeeded in doing. Click here to read the story.
related items:
The hidden dangers of the informal economy
Schattenwirtschaft in Deutschland, Steffen H.
The take-away: Brazil's economy could grow by an additional 1.5 percent a year if its government launched a concerted effort to reduce the size of the gray market, as many other countries have succeeded in doing. Click here to read the story.
related items:
The hidden dangers of the informal economy
Schattenwirtschaft in Deutschland, Steffen H.
Mahalanobis - am 2005-02-24 18:42 - Rubrik: economics
jean (guest) meinte am 14. Apr, 22:20:
"Invitation: Online debate on India-Brazil- South Africa (IBSA) Policy Dialogue ForumIn partnership with the Ideas for Development blog, the International Policy Centre for Inclusive Growth (IPC-IG) is launching an online debate that will contribute with inputs for the forthcoming IBSA Academic Forum, which will be hosted by IPC-IG on 12-13 April in Brasilia, Brazil.
We invite you to participate in this discussion and reflect about the following issues:
- What is the role of the emerging countries in shaping world politics?
- How can India, Brazil and South Africa strengthen cooperation in key issues on the global agenda?
- In which ways an improved policy dialogue among developing countries can contribute to the implementation of effective policies towards the achievement of inclusive growth and human development?
Join us at: http://www.ideas4development.org
We also invite you to visit the IBSA Academic Forum website, where you can find interesting papers, resources and breaking news. Visit: http://www.ipc-undp.org/ibsa"
