Tax shifts may mar agriculture outlook in Argentina

2021 ◽  
Keyword(s):  
Economic Crisis ◽  
International Reserves ◽  
Regional Economies ◽  
Agricultural Commodities ◽  
Content Type ◽  
Tax Revenues ◽  
Export Tax ◽  
Export Taxes ◽  
The Government ◽  
Domestic Food

Significance High export taxes on the soya complex have encouraged farmers to shift to corn. Rising export earnings will help to strengthen international reserves and tax revenues. Argentina’s good harvest and rising global prices for agricultural commodities will give the government some relief from the economic crisis. Impacts Higher agriculture production and prices will boost some regional economies, helping to fuel the post-pandemic economic rebound. Export earnings will ease devaluation fears, while higher export tax revenues will help to offset a lockdown-related fall in tax collection. The threat of new government controls aiming to guarantee domestic food supplies may discourage new investments, curtailing future output.

Agripreneurship development: a strategy for revamping Nigeria’s economy from recession

2017 ◽  
Vol 8 (4) ◽  
pp. 474-483 ◽  
Author(s):  
Innocent Otache
Keyword(s):  
Economic Crisis ◽  
Design Methodology ◽  
Agricultural Sector ◽  
Content Type ◽  
Current Economic Crisis ◽  
Leadership Failure ◽  
Oil Sector ◽  
The Government ◽  
Creativity And Innovation ◽  
Practical Implications

Purpose The purpose of this paper is to explore agripreneurship development as a strategy for economic growth and development. Design/methodology/approach Though a few related literature were reviewed, this paper relies heavily on the author’s viewpoint regarding how Nigeria can grow and develop its economy through agripreneurship development. Findings The present economic challenges that Nigeria is facing are blamed on overdependence on the oil sector, bad governance, corruption, leadership failure, policy inconsistency, overdependence on imported goods and ostensible neglect of the agricultural sector. Also, policymakers, economic analysts and the government have advocated strongly for diversification of the economy. Besides, there is a consensus among scholars, economic analysts and policymakers that “agriculture is the answer.” Research limitations/implications This paper addresses specifically one sector of the economy – the agricultural sector. On the other hand, economic crisis needs to be addressed holistically by resolving specific issues that confront different sectors of the economy. Practical implications This paper has some insightful policy and practical implications for the Nigerian Government and Nigerians. The government and Nigerians need to take practical steps to grow and develop the economy. On the part of the government, apart from the need to transform the agricultural sector by allocating enough funds to it, the government should establish well-equipped agripreneurship development centers and organize periodically agripreneurship development programmes for the main purpose of training and developing both current and potential agripreneurs who will be able to apply today’s agricultural techniques and practices which involve a great deal of creativity and innovation for a successful agribusiness. The federal government should integrate agripreneurship education into Nigeria’s education system. Similarly, the Nigerian people, particularly the youths or graduates should be encouraged to choose agribusiness as a career. Originality/value While previous papers have offered different solutions to the current economic crisis that Nigeria is experiencing, ranging from economic to structural reforms, this paper differs significantly from others by recommending specifically agripreneurship development as a strategy for revamping Nigeria’s economy from its current recession. Moreover, there is a dearth of literature on agripreneurship and agripreneurship development. This paper therefore fills the literature gap.

Pandemic may drive new wealth taxes in Latin America

2021 ◽  
Keyword(s):  
Latin America ◽  
Social Welfare ◽  
The Political ◽  
Content Type ◽  
Latin Americans ◽  
Tax Revenues ◽  
Wealth Tax ◽  
The Government ◽  
Political Spectrum ◽  
Tax Cuts

Significance The region’s current tax and spending policies redistribute very little. The COVID-19 pandemic brought a deep and persistent recession, despite new spending, tax cuts and monetary easing aimed at limiting the damage. In December, the government of Argentina, which was particularly hard hit, passed a temporary (and additional) net wealth tax on the very richest households. Impacts OECD-led transparency efforts offer the long-sought possibility of taxing the foreign assets of wealthy Latin Americans. The pandemic will increase both existing inequalities and the need for tax revenues to finance social welfare and stimulus spending. Efforts to strengthen tax collection more broadly will likely be undertaken by governments across the political spectrum.

Mozambique party politics may trump national interest

2021 ◽  
Keyword(s):  
Economic Crisis ◽  
Debt Crisis ◽  
Party Politics ◽  
Security Sector Reform ◽  
Security Sector ◽  
Sector Reform ◽  
Content Type ◽  
The Government ◽  
Fiscal Pressure ◽  
Broad Consensus

Significance There is broad consensus that security sector reform is necessary, but lingering concern that the government lacks a coherent plan, and will end up being distracted by other issues. Impacts The economic crisis resulting from the debt crisis will continue to put the government under severe fiscal pressure. Small amounts of gas should begin to be exported in 2022, but uncertainty over the timelines for larger projects will persist. Mozambique’s relations with neighbours should continue to improve over the immediate term.

Third COVID wave will further dampen Algeria's economy

2021 ◽  
Keyword(s):  
Economic Crisis ◽  
External Financing ◽  
Content Type ◽  
Social Distancing ◽  
The Government

Significance The government has reimposed social distancing restrictions, but a reinvigorated pandemic will hurt the economy further and forestall any economic turnaround. Impacts Algeria may find itself at a disadvantage compared to Morocco and Egypt, which have made greater progress countering the pandemic. The longer Algeria’s economic turnaround is delayed, the more likely it is that the country will have to resort to external financing. If the country’s economic crisis becomes more acute, the president would likely reshuffle the cabinet in an effort to shift blame. The president himself may also come under pressure to resign.

scholarly journals COVID-19 pandemic and economic crisis: the Nigerian experience and structural causes

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Peterson K. Ozili
Keyword(s):  
Economic Crisis ◽  
Descriptive Analysis ◽  
National Health System ◽  
Safety Net ◽  
Economic Downturn ◽  
Economic Implication ◽  
Economic Activities ◽  
Content Type ◽  
Poor Households ◽  
The Government

PurposeThis paper analyses the COVID-19 situation in Nigeria, its effect on the economy and the structural causes that worsened the coronavirus (COVID-19) crisis.Design/methodology/approachThis paper uses simple descriptive analysis to examine the COVID-19 situation in Nigeria.FindingsThe findings reveal that the economic downturn in Nigeria was triggered by a combination of declining oil price and spillovers from the COVID-19 outbreak, which not only led to a fall in the demand for oil products but also stopped economic activities from taking place when social distancing policies were enforced. The government responded to the crisis by providing financial assistance to businesses and a small number of households that were affected by the coronavirus (COVID-19) outbreak. The monetary authority adopted accommodative monetary policies and offered a targeted 3.5 trillion loan support to some sectors. These efforts should have prevented the economic crisis from occurring but it did not. Economic agents could not freely engage in economic activities for fear of contracting the COVID-19 disease that was spreading very fast at the time.Practical implicationsThe implication of the study is that policymakers should pay attention to three areas of the economy for economic and structural reform. One, policymakers should introduce economic reforms to diversify the economy and reduce Nigeria's dependence on revenue from crude oil export. Two, policymakers in Nigeria should invest in healthcare infrastructure to improve the ability of the national health system to withstand the outbreak of contagious diseases. Three, there is also a need to build appropriate digital infrastructure to facilitate the transition from “face-to-face” business activities to a “digital or online” business activities, which can help to grow the digital economy. Also, policymakers should use legislation to create a robust social welfare safety net for all citizens particularly for unemployed citizens and poor households.Originality/valueThis is the first paper that looks at the economic implication of COVID-19 in a West African country.

scholarly journals Income Distributional Impacts of Trade Policies in a Multi-Market Framework: A Case in Pakistan

2000 ◽  
Vol 32 (1) ◽  
pp. 49-61 ◽  
Author(s):  
Darren Hudson ◽  
Don Ethridge
Keyword(s):  
Price Control ◽  
Trade Policies ◽  
Domestic Consumption ◽  
Social Loss ◽  
Export Tax ◽  
Export Taxes ◽  
Market Framework ◽  
Yarn Production ◽  
The Government ◽  
Distributional Impacts

AbstractThe impacts of using export taxes as a price control in a multi-market framework are explored using the cotton and yarn sectors in Pakistan as examples. Results show that the export tax on cotton increased domestic consumption and decreased exports of cotton in Pakistan, transferring income from cotton producers to yarn spinners and the government. There was a social loss to Pakistan in the cotton sector. The export tax on cotton increased domestic yarn production, consumption, exports, and incomes of yarn spinners, but resulted in a large transfer (social loss) out of the yarn sector.

Smuggling will weigh on Tunisian economy and politics

2015 ◽  
Keyword(s):  
Rural Areas ◽  
Political Stability ◽  
Coalition Government ◽  
Security Threats ◽  
Content Type ◽  
Cross Border ◽  
Tax Revenues ◽  
Border Towns ◽  
General Elections ◽  
The Government

Significance Essid has been working to form a new coalition government since general elections in late December. The new unity government will face tremendous pressure to jumpstart the economy, ensure political stability, and counter growing security threats. One major challenge -- cross-border smuggling -- poses a particularly serious threat to the new government. Smuggling costs the government some 615 million dollars per year, representing nearly 5% of total tax revenues, and undermines legitimate trade, further damaging growth. Impacts If the government fails to address smuggling, it will continue to lose critical revenue. Yet cracking down on smuggling will probably meet with considerable opposition -- particularly in rural areas and border towns. The new government's lack of a decisive mandate will impede reforms.

Nigeria’s president will struggle to contain threats

2017 ◽  
Keyword(s):  
Economic Crisis ◽  
Niger Delta ◽  
Oil Production ◽  
Boko Haram ◽  
Content Type ◽  
Economic Stagnation ◽  
Presidential Succession ◽  
Inner Circle ◽  
The Government ◽  
Ruling Party

Significance The bombing is the latest setback for the government. Recent military gains against Boko Haram and increasing oil production in the Niger Delta have failed to offset the distinct governance problems facing Abuja. Amid a deepening economic crisis, President Muhammadu Buhari is facing challenges within the ruling alliance and emergent political threats nationwide. Impacts Presidential succession manoeuvring could undermine unity, leading to ruling party infighting and a possible contested nomination process. Key members of Buhari’s inner circle will come under pressure to resign as new scandals emerge. Populist alternatives to the president will surface, as citizens grow frustrated with economic stagnation and high prices.

IMF loan conditions will worsen Egyptian discontent

2016 ◽  
Keyword(s):  
Exchange Rate ◽  
Economic Crisis ◽  
Economic Conditions ◽  
Market Exchange ◽  
Medium Term ◽  
Content Type ◽  
Political Dissent ◽  
Market Exchange Rate ◽  
Economic Collapse ◽  
The Government

Significance The government's struggle to stave off economic collapse has become increasingly frantic, as inflation has surged, the gap between the official and black market exchange rate has reached or exceeded 100%, and consumers have difficulty finding basics such as sugar and rice. Impacts Increased incidents of popular protests and political dissent reflect worsening economic conditions. Measures to be taken as part of the IMF deal, notably devaluation and further subsidy cuts, could exacerbate social and political tensions. Sisi will deflect some of the blame for the economic crisis onto the government and the central bank. If the government survives this crisis, the economy could recover in the medium term.

Prospects for Brazil to end-2018

2018 ◽  
Keyword(s):  
Economic Crisis ◽  
Content Type ◽  
General Elections ◽  
The Government

Subject Prospects for Brazil to end-2018. Significance A highly fragmented Brazil goes to the polls in October for its most uncertain general elections in decades. The vote will take place after several years of profound economic crisis and ever-widening corruption scandals that have destroyed the reputations of almost the entire political mainstream. The government of President Michel Temer, supported by 3% of the population and without leverage in Congress, has lost its ability to pursue any meaningful reform. The economy has frustrated hopes that it would pick up steam this year.

Sign in / Sign up

Export Citation Format

Share Document