Business in Jakarta<\/p>\n
If you run a business in Jakarta, watch out. It is very likely
\nthat one day at an office party nobody will be able to blow out
\nthe candles on the cake. The reason being that no one would be
\nlicensed, certified, equipped or know the standard procedure to
\nput out a fire. You will have to invite the fire brigade as well.<\/p>\n
While the world embraces deregulation there is a concerted
\nwave of regulatory framework slyly being imposed on the Asian
\neconomies. These regulations, and the bureaucracy created to
\noversee them, will act as corset which will slow down development
\nof the Asian economies. Regulations, certifications,
\nstandardization and other kinds of red tape shall be carefully
\nassessed by policy makers and businessmen. Foreign consultants
\nact as Trojan horses and profit from the whole gamut of
\nactivities created by the
\nstandardization\/certification\/regulation business. Once imposed,
\nthey spread virus-like infecting every kind of economic activity.
\nThis burdensome bureaucracy is imported euro-sclerosis.<\/p>\n
Let's not forget that recently, while Asians threw out the
\nwork-rules book and went for it, Latin America imported OECD-
\nstyle labor rules which are partly to blame for the poor
\nperformance of their economies.<\/p>\n
OSVALDO COELHO<\/p>\n
Bandung, West Java<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/business-in-jakarta-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }