Structural Reforms
Structural reforms are changes made to improve the economic framework of a country. These reforms often focus on enhancing efficiency, productivity, and competitiveness in various sectors. Common areas for reform include labor markets, tax systems, and public services, aiming to create a more favorable environment for businesses and investors.
Governments typically implement structural reforms to address long-term economic challenges, such as slow growth or high unemployment. By adjusting regulations and policies, they seek to stimulate economic activity and promote sustainable development. Successful reforms can lead to increased investment, job creation, and overall economic stability.