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Competitiveness

Competitiveness. Overview. WEF competitiveness report IMD world competitiveness scoreboard Innovation Union scoreboard Iceland 2020 – competitiveness priorities Conclusions: strengths and weaknesses The way forward. World Economic Forum – Global competitiveness report.

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Competitiveness

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  1. Competitiveness

  2. Overview • WEF competitiveness report • IMD world competitiveness scoreboard • Innovation Union scoreboard • Iceland 2020 – competitiveness priorities • Conclusions: strengths and weaknesses • The way forward

  3. World Economic Forum – Global competitiveness report

  4. Global competitiveness report 2010-11Iceland´s overall rank: 31/139

  5. WEF 12 competitiveness pillars Innovation driven economies: GDP pr. capita exceeding 17,000 US $

  6. WEF Global competitiveness report 2010-11: Iceland

  7. IMD world competitiveness scoreboard 2011

  8. IMD global competitiveness of 59 economies - Iceland

  9. Iceland´s score

  10. Innovation Union Scoreboard Nordic Entrepreneurship Monitor Nordic Innovation Monitor

  11. Innovation union scoreboard framework -

  12. IUS 2010: Iceland among innovation followers with a below average performance Positive Negative Relative weaknesses: Intellectual assets Outputs A strong decline: PCT patent applications Knowledge-intensive services exports Relative strengths: • Open, excellent and attractive research system • Linkages and entrepreneurship. Growth performance: • Human resources • Open, excellent and attractive research systems • Intellectual assets is above average High growth: • New doctorate students • Community trademarks

  13. PCT Applications Source: Icelandic Patent Office

  14. Applications to the European Patent Office Source: EPO / Icelandic Patent Office

  15. Nordic entrepreneurship monitor: Iceland 2010

  16. Nordic innovation monitor: Iceland 2009 Overall Conclusions on Iceland’s Innovation Capacity • ICT - and ICT use is an important prerequisite for innovation. Among all Nordic countries, Iceland has the second-best framework conditions for ICT. • Iceland could benefit from focusing on the quality of the education system and work strategically to make the funding materialize in a high excellence education system. • Iceland could benefit from focusing on re-establishing the venture capital market and other areas supporting an increased number of high-growth entrepreneurs.

  17. Moving Iceland forward initiative from 2009

  18. Moving Iceland forward initiative 2009

  19. Competitiveness priorities 1. Infrastructure and institutions 2. Efficiency of markets Long-term monetary and currency policies Restore equity market FDI strategy Rules and supervisory roles • Increase public sector efficiency • Performance and impact assessment of public funds • Prioritization of public projects • Laws and regulations

  20. Competitiveness priorities 3. Economic conditions 4.Quality of life, health and equality Environmental and social sustainable growth National accounts and use of approven indicators proposed Public health Eco-friendly transport • Stable macroeconomic environment • Fiscal policy • Restoring financial market • Capital controls lifted

  21. Competitiveness priorities 5. Education and innovation 6. Infrastructure, technological readiness and telecommunications Maintain good status Electronic administration E-services • Improve education at all levels and outcomes • Technical education and training • Targeted research funding • Health sector • Energy • Environment • Eco friendly transportation

  22. Competitiveness priorities 7. Innovation and development Export, marketing and sales Support schemes and competence building Target growth areas/sectors ICT applicability to stimulate innovation • Innovation • Entrepreneurs and SMEs • Centers of excellence / clusters • Access to finance – VC • Efficient institutional support system

  23. Conclusions

  24. Overall conclusions

  25. The way forward • Macroeconomic improvements and stability • Infrastructure is solid but important to maintain strong position • Develope new sustainable growth areas for the future (high-tech and knowledge intensive) • Ensure funding for innovation, R&D and education system -focusing on output assessment • Re-establish financial markets and ensure access to finance • Stimulate innovation with balanced policy mix

  26. Thank you for your attention

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