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  2. Global strategies
  3. Removing subsidies

Removing subsidies

  • Eliminating subsidies

Description

Removing subsidies involves the systematic withdrawal or reduction of government financial support to specific industries, sectors, or consumer groups. This strategy aims to correct market distortions, reduce fiscal burdens, and encourage efficient resource allocation. By eliminating subsidies, governments address issues such as overproduction, environmental degradation, and unfair competition, promoting more sustainable economic practices and fostering innovation. The process typically includes policy reform, stakeholder engagement, and phased implementation to mitigate adverse social and economic impacts.This information has been generated by artificial intelligence.

Broader

Reducing measures supporting uncompetitive production
Yet to rate

Narrower

Reducing subsidies that undermine sustainable development
Presentable
Reducing farm subsidies
Presentable
Reducing agricultural trade distorting subsidies
Presentable
Promoting self-financed health insurance
Presentable
Removing energy price subsidies
Unpresentable
Removing subsidies to fisheries
Yet to rate
Removing government subsidies
Yet to rate
Reducing discriminatory subsidies in the service sector
Yet to rate
Reducing discriminatory domestic subsidies
Yet to rate

Constrains

Subsidizing
Yet to rate

Problem

Counter-productive agricultural price supports
Excellent

Metadata

Database
Global strategies
Type
(C) Cross-sectoral strategies
Subject
  • Transportation, telecommunications » Handling
  • Commerce » Finance
    • Content quality
    Yet to rate
     Yet to rate
    Language
    English
    1A4N
    J9494
    DOCID
    12094940
    D7NID
    202638
    Editing link
    Official link
    https://encyclopedia.uia.org/strategy/removing-subsidies
    Last update
    Dec 3, 2024