The complexity of the U.S. market for financial services requires greater financial management skills than are typically needed in developing countries. Here, even very small businesses are likely to have to deal with factors – such as taxes, licenses, and zoning laws – that can prove daunting hurdles to the inexperienced, aspiring business owner (Assanie and Virmani, 2006).
Financial markets and policymakers have been living in a more or less continual state of anxiety for over five years.