1. Growth in Africa : It Can Be Done
... level of the country, the extent of overall market orientation, the national saving rate, and the geographic and resource structure of the economy. In Africa's case, higher trade barriers, excessive tax rates, lower savings rates, adverse structural conditions, and inaccessibility to the sea could be the problems ... The countries should become more open towards trade with other countries. Second, excessive tax rates. High tax rates can often be an obstacle in economic growth. In the previous chapters of the book, it was easy to observe that too high a tax rate has adverse effects - it r...
- Word Count: 495
- Approx Pages: 2
- Grade Level: High School