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We want to become bigger foreign investors , but bureaucratic red tape is often in the way , " said Wilson C. Wy Tiu , President of Luzel Incorporated , a medium-sized enterprise in the Philippines , replying to the UNCTAD questionnaire . Conversely , obsolete or unclear regulations , cumbersome administrative procedures , or bureaucratic red tape and corruption , stifle the growth of small businesses and prolong poverty . These dentists claim that the low reimbursement rates , the bureaucratic red tape and the number of broken appointments by these clients keep them from signing up . High taxes , overrregulation , artificially high exchange rates , and bureaucratic red tape kill enterprise and hope for the future .