Achieving Global Competitiveness Sample Clauses

Achieving Global Competitiveness. Evidence accumulated by the Free Market Foundation in conjunction with the world-wide Economic Freedom Network demonstrates clearly that to become globally competitive South Africans must be given greater economic freedom. We have clear indications of the policies needed to achieve a freer economy. In broad terms the policies are consistent with the new economic policies announced by government. Some of the factors that impinge directly on the pharmaceutical trade in South Africa and, more specifically, the provision of low cost and high quality health care:

Achieving Global Competitiveness. To become globally competitive all segments of the South African economy must be given greater economic freedom. This inescapably means that local suppliers of goods and services must also be exposed to the discipline of competition from outside South Africa's borders. The Long-Term Insurance Bill contains provisions that are inconsistent with this objective.

Achieving Global Competitiveness. Evidence accumulated by the Free Market Foundation in conjunction with the world-wide Economic Freedom Network demonstrates clearly that to become globally competitive South Africans must be given greater economic freedom. We have clear indications of the policies needed to achieve a freer economy. In broad terms the policies are consistent with the new economic policies announced by government. Some of the factors that impinge directly on long term insurance in South Africa are: • Government consumption expenditure and involvement in the economy should be reduced substantially. • Tax rates, and more importantly, aggregated tax rates as a proportion of GDP, should be reduced to allow for greater savings which in turn will bring about accelerated economic activity. • Barriers to entry into occupations, professions and trade should be eliminated as far as possible. • Government enterprises and services should be privatised and/or deprived of monopoly protection and other privileges. • Government should uphold the rule of law and desist from introducing legislation which grants vast discretionary powers to the civil service. The evidence shows that liberalisation of the economy will bring about: 1. Higher per capita incomes. 2. More rapid growth in per capita incomes. Policy makers who do not take these findings into consideration will unavoidably harm consumers and the economy. In considering the Long-term Insurance Bill it is incumbent upon the Standing Committee to test every clause of the Bill on the basis of whether it is adding to or detracting from economic freedom in South Africa. In making the assessment of legislation it must be recognised that red tape is introduced incrementally. Piece by piece is added until it strangles productive enterprise. Parliamentarians who are concerned about unemployment and poverty in the country, should demand that all unnecessary bureaucratic requirements be removed from all Bills that come before them. If they do not, they will be ultimately responsible for the job losses caused by harmful prohibitions and unnecessary regulatory requirements. These numbers swell to thousands and even millions as a result of accumulating regulation in every facet of the economy.