Problem
Dependence on customs revenue
Incidence:
[Developing countries] Compared with developed countries, developing countries depend on customs duties for a much larger proportion of government revenue; and the condition of their administrative apparatus makes it difficult for them to resort to other forms of taxation. This increases the reluctance to accept substantial trade liberalization commitments, particularly with other developing countries.
Broader Problems:
Economic underdevelopment Related Problems:
Inappropriate taxationOver-dependency on international financial institutionsEconomic dependence upon socially undesirable activities Aggravates:
Decline in public sector savingsProhibitive cost of travel documentsAbsence of coordinated customs servicesCorruption of customs and excise officialsVulnerability of least developed countriesUndue taxation of certain goods and servicesTrade barriers and protectionism among developing countriesGovernment financing tied to exploitation of non-renewable resources Strategies:
DependingUsing customs revenue Values:
IndependenceDependence Subject(s):
Commerce → CustomsCommerce → Finance
Societal Problems → Dependence
Problem Type:
D: Detailed problems Date of last update
22.05.2019 – 15:44 CEST