The design of the CATs, the export subsidy described in the previous chapter, left much
room for improvement. The design choice was to make the subsidy proportional to an
easy-to-calculate variable—in this case, the gross value of export—so that there would be
little room for subjectivity in the calculation. Despite this rationale, the CAT system was
very easy to manipulate (by, say, falsifying invoices) or even corrupt. For example, a
company was found to be simply exporting ice, at a loss, to itself. Additionally, while many
entrepreneurs clearly needed a push to take this leap into the unknown, giving everybody a
push of the same size was probably suboptimal. Calibrating the parameters of the support
to more specifics of the transaction probably would have been better, especially if the
payment had not been in a cash-equivalent but rather into the assigning of resources to
reduce some real inefficiencies and real costs that the exporter had to face.
The design of the CATs, the export subsidy described in the previous chapter, left much room for improvement. The design choice was to make the subsidy proportional to an easy-to-calculate variable—in this case, the gross value of export—so that there would be little room for subjectivity in the calculation. Despite this rationale, the CAT system was very easy to manipulate (by, say, falsifying invoices) or even corrupt. For example, a company was found to be simply exporting ice, at a loss, to itself. Additionally, while many entrepreneurs clearly needed a push to take this leap into the unknown, giving everybody a push of the same size was probably suboptimal. Calibrating the parameters of the support to more specifics of the transaction probably would have been better, especially if the payment had not been in a cash-equivalent but rather into the assigning of resources to reduce some real inefficiencies and real costs that the exporter had to face.
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