Hunting for productivity in systems and markets
DAR ES SALAAM: LAST week in this column, we argued that economic resilience cannot be imported. It must be built at home. That principle applies not only to fuel, fertiliser and finished goods, but just as forcefully to the systems we have already installed to defend our markets — the technologies adopted to stop counterfeiting and smuggling. For years the right question was simple: do we have a system at all? East Africa has answered it. We adopted digital tax stamps and tra
The discussion focuses on the importance of building economic resilience internally rather than relying on external solutions. It highlights the implementation of digital tax stamps and track-and-trace technology in East Africa, which was a proactive measure to combat counterfeiting and smuggling. While these systems have contributed to increased revenue, their effectiveness remains questionable. The costs associated with maintaining these systems are significant, with manufacturers bearing a large portion of the expenses. Industry representatives express concerns about the rising costs and the lack of clear evidence that the systems are effectively reducing illicit trade. The article calls for a more thorough evaluation of the return on investment for these technologies and suggests that market protection should be approached with greater intelligence and efficiency.
Assessing the effectiveness of market protection systems is crucial for ensuring that resources are used efficiently and that real progress is made against illicit trade.
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