Bad laws are bad for business: They must be reformed, not ignored
Also read: Improve R&D for exports, ease of doing business, review tariffs on Chinese goods, industry leaders tell the FM As government regulation improves, compliance and enforcement will follow. Bureaucrats will have more resources to enforce fewer laws, while businesses will have fewer incentives to break rules.
Bureaucrats and industry can work in sync. Effective grievance resolution can aid cooperation between the government and businesses.
The government’s role as a facilitator would then become clearer. Economic growth and job creation are imperatives.
To achieve this, entrepreneurs must be treated not with suspicion but as responsible partners in the country’s growth. The appropriate role of government is to create an environment where businesses are encouraged to do what they do best: create jobs and wealth.
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