Economic Reform And Institutional Innovation
The experiences of countries that have fundamentally changed their fiscal policies demonstrate clearly the need for rapid administrative reform to accompany the policy changes, if these economic reforms are to be successful. Recent innovations in information technology and communications, and the institutional developments in transportation, customs control and taxation have greatly increased control and taxation have greatly increased the potential for administrative reforms to contribute to cost savings and improvements in efficiency. This paper takes into consideration these recent developments, and puts forward a proposal for modernizing the customs and revenue administration system for international trade that is likely to foster growth and efficiency in an increasingly competitive international environment.
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