strategy
Reducing economic uncertainty
Synonyms:
Increasing economic certaintyReducing business uncertainty
Context:
The level of business uncertainty in developing countries is often much higher than in developed economies. Uncertainty encourages companies to build up inventories and cash balances, while discouraging innovation and investment. While a certain amount of uncertainty is unavoidable, governments can reduce it by providing information on their own intentions and the economy in general, by making regulations less arbitrary, and by providing guarantees and insurance. Consultation between business and government can be encouraged by creating a forum for public and private participants to meet and air their views. Narrower:
Reducing uncertainty over status of monetary goldReducing uncertainty in the international trading systemReducing uncertainty in the international trading system Problems:
Economic uncertaintySubjects:
Commerce → Business enterprisesEconomics → Economic
Type Classification:
C: Cross-sectoral strategies Related UN Sustainable Development Goals:
