With the Cabinet's approval May 16 of an action plan for economic structural reform, the government tried to demonstrate its indomitable resolution to reconstruct the nation's economic system and ensure sustainable growth well into the next century.
Many economists, however, remain skeptical whether all of the measures, some 1,000 in all, will usher in the desired results -- reductions in the costs of doing business and a more favorable environment for starting them. They say that the package -- despite being a detailed version of the program adopted in December -- still lacks many important details.
Government officials emphasized when the package was announced that the proposed plan is subject to Cabinet approval, which is the weightiest stamp that can be given to administrative policies.