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BOP approaches contend that MNCs in particular have the incentive (growth opportunities), the financial resources, and the capabilities (low-cost mass production, marketing expertise, international experience) to produce and distribute appropriate affordable products at high volumes and razor-thin profit margins.
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"It leaves out business tax incentives, growth incentives, and it leaves out the kind of genuine short-term fiscal stimulus that our uncertain economy needs today".
Those factors include the possibility that confidence will recover faster than expected, that unemployment will not rise as sharply as feared and that government spending will give a stronger incentive to growth.
"And the third is introducing the kind of structural reforms that could lead to a new European Code — one that specified that countries implementing sound reforms could benefit from an allowance if the investment involved was seen as promoting incentive and growth".
For others, it is an important incentive to growth because it directly (as in environmental monitoring) or indirectly (as in offshore wind energy and ocean energy) favours the function.
This can be shown by (θp(c 2 ), θp(c 1 )) which implies that the local government's incentive for growth is neither the highest nor lowest when compared with the extreme conditions.
The truth is governments need to provide incentives for growth and we've done that".
Republicans still mostly talk about incentives for growth, and Democrats still mostly talk about economic security.
Economic freedom and better incentives boosted growth in China, India and elsewhere.
There are alternatives to accomplish the objective I have, which is to bring down rates, broaden the base, simplify the code and create incentives for growth.
But the story you hear all the time — of a stagnant economy in which high taxes and generous social benefits have undermined incentives, stalling growth and innovation — bears little resemblance to the surprisingly positive facts.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com