Economic Goals and Values
Spain and Madagascar
How do economic goals impact one another?
Spain- a developed country
How are the economic goals valued within Spain?
Licensing requirements have been reduced to set up a business. Labor regulations remain flexible. This shows the goal for economic freedom by letting the entrepreneurs make choices about how to start their business.
Economic Efficiency: The government has rolled back renewable energy subsides, but it still maintains to be one the world's most generous fuel subsidy programs for fishing.
Economic Stability: Spain generally treats foreign and domestic investors equal. But, the banking sector is under strain, causing a fragile stability of the financial system.
Madagascar- A Less Developed Country
How are the economic goals valued within Madagascar?
Economic Growth and Innovation- Madagascar has made an effort to improve people's health, so then they can work more productively. In 2003, the government released the "Ministry of Health and Family Planning". Reduce pressure on biodiversity- rich environments, to create a better future. Also, the government has promoted trust by addressing the immediate needs of community members. This all increases the standard of living, which will increase economic growth.
Economic Efficiency- The government puts an emphasis on protecting the environment, so they make the most out of their resources without waste by promoting the Madagascar Action Plan in 2007. Also, they reflect awareness to the public.