In addition, tariffs and
other trade policies of ISS, implemented by BOI’s granting and providing tax concessions on
imported machinery, equipment, raw materials and other imported intermediate inputs to the promoted or preferred industries were the case. There can be no doubt that the high degree of
distortions and bias during the ISS period, contrary to expectations, did not lead to efficient
allocation of resources in those promoted firms
In addition, tariffs andother trade policies of ISS, implemented by BOI’s granting and providing tax concessions onimported machinery, equipment, raw materials and other imported intermediate inputs to the promoted or preferred industries were the case. There can be no doubt that the high degree ofdistortions and bias during the ISS period, contrary to expectations, did not lead to efficientallocation of resources in those promoted firms
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