Industry and Tax sector

A developing country that wants to continue to provide its citizens and businesses, respectively, with opportunities to expand their digital services and platforms, must continually create easy-to-use tools and platforms and push more citizens and businesses to adopt intact digital way of fulfilling their tax obligations. A typical example of such a service is the …

Development Tips for Developing Economies

A grid of six central policies to improve both the productive activity of enterprises and the institutional framework that defines the underlying economic functions could be as follows: 1. Reduction of frictions from taxes and labor contributions, e.g. reduction of insurance contributions, solidarity contributions, income integration in a single tax scale, etc. 2. Implementation of …

Why China Has a Difficulty Getting Rid of Coal

2020 was a milestone in increasing energy production in China. China has commissioned new lignite plants that produce a total of about 38.4GW of electricity. China is the country that builds factories to increase the use of lignite for electricity generation while at the same time as a country invests most of the capital in …

The Reasons Why Inequality Between Rich and Poor Countries Is Constantly Increasing

As the Food and Agriculture Organisation of the United Nations (FAO) has recently pointed out, low-income countries with few resources, weaker public health, social protection, hygiene, and problematic public services than developed countries are facing exceedingly difficult situations in dealing with the health crisis and its economic impact. by Thanos S. Chonthrogiannis ©The law of …

The “Red Dragon” (China) Grows Worldwide

While the Covid-19 pandemic was initiated by China (Wuhan Province) and it appeared that the Chinese government was taken by surprise, the subsequent successful management of the response to the pandemic strengthened Chinese citizens’ confidence in the communist regime of China, increased the national confidence and pride of the Chinese (always comparing it to the …

Guide to Poor Countries to Recover from Bankruptcy

According to a recent report by the International Monetary Fund (IMF) and the Institute  of  International Finance (IIF) from 2016 to September 2020, global debt has increased by $52trilion while in the period 2012-2016 it has increased by $6trillion; global debt is expected to exceed $277trillion in total by the end of 2020. The biggest …

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