But burdensome regulations are the biggest barrier. Excessive regulation that protects incumbent firms and other vested interests undermines market competitiveness and limits prospects for improved productivity and efficiency.
技能差距和基础设施匮乏往往被视为限制亚洲服务业活力的要素。但其实繁琐的法规才是最大的障碍。保护现有企业和其他既得利益者的过度规管有损市场竞争力并限制了生产率及效率的提高。