In a previous post we talked about the competitiveness of Bahrain and what it would take to aid it along the prosperity path. This is of vital importance of course as achieving good economic growth will create jobs, fill stomachs and redraw missing smiles.
But economic growth cannot flourish in an environment where onerous and crippling (sometimes ludicrous) laws exist. Yes, a structure is undisputedly needed, but not to the extent that they would cripple innovation and creativity, and I personally believe that they shouldn’t discourage calculated risk-taking either.
What are those laws or directives which you think are detrimental to the country’s growth? Please specify those laws and directives so that we research them and form an actual recommendation for their removal through the Dialogue.
My own experience is the ridiculous requirement for an entrepreneur to have a specific educational achievement to start particular projects; if I were to start a web design studio then the government requires me – as a business owner – to have gained a BSc. If anyone is to start a landscaping or gardening business then they are required to have a high school certificate. What has both to do with being creative? What does either have to do with being entrepreneurial? I believe having this sort of restriction is preventing entrepreneurial innovation.
There must be others as well. What are those?