Academic Paper on Economic Policy Analysis

The economic policy includes a report on current and prospective economic developments to assist in the determination of appropriate economic policies. It revolves around the idea that countries with free economies can grow more quickly and with greater benefits for all people. It is to improve economic policies to reduce barriers to economic growth to reduce and eliminate extreme poverty. Economic growth in a country helps generate jobs and economic opportunities and improve the availability of resources needed to enhance development. Taxation policies aim to reduce marginal tax rates, broaden the tax base and simplify the tax structure to improve economic growth and investment. Distribution of taxation reforms in an economy requires careful consideration as they may result in income inequality. An effective tax reform depends on the ability of institutions to effectively implement and enforce the policy.