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Reforms in Investment Incentives
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Reforms in Investment Incentives

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Questions and Answers

Which year was the investment incentive system revised?

  • 1991
  • 1987 (correct)
  • 1985
  • 1983
  • What was the goal of revising the investment incentive system?

  • To reward performance (correct)
  • To reduce export subsidies
  • To encourage foreign investment
  • To increase government control
  • Why was specific assistance to exporters removed in the 1987 version of the Investment Code?

  • To prioritize domestic production
  • To reduce government spending
  • To promote fair competition
  • To appease the United States and other industrial nations (correct)
  • Who has considerable discretionary power over foreign investment in the 1987 Investment Code?

    <p>The government Board of Investments</p> Signup and view all the answers

    What would the proposed legislation in early 1991 limit?

    <p>Foreign participation in an enterprise exceeding 40 percent</p> Signup and view all the answers

    Which country objected to the export-subsidy provisions in the 1983 Investment Code?

    <p>United States</p> Signup and view all the answers

    What was the main focus of the investment incentive system revisions in 1983 and 1987?

    <p>Rewarding performance</p> Signup and view all the answers

    What authority does the 1987 Investment Code delegate over foreign investment when foreign participation exceeds 40 percent?

    <p>The government Board of Investments</p> Signup and view all the answers

    What did the proposed legislation in early 1991 aim to limit?

    <p>The power of the government Board of Investments</p> Signup and view all the answers

    What would be allowed under the new proposal if foreign participation exceeds 40 percent?

    <p>Foreign investment in any area</p> Signup and view all the answers

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