Focusing mainly on subsidies and tax breaks posed risks, given high fiscal costs, the risk of capture by special interests and possible massive mis-allocation of resources, said Era Dabla-Norris, a deputy director of the IMF's Fiscal Affairs Department. Policies that discriminated against foreign firms could also trigger retaliation, entrenching geo-economic rifts. Read The Rest at :
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.
