
Trinidad and Tobago is the New Chair of CAF’s Board
March 28, 2025
To improve a country's competitiveness, there is a need for public policies that bet on a high and sustained growth of the economy
June 19, 2014
There are several points that define a country as competitive. From the point of view of institutional quality for example, the subject of transparency may be addressed; it may also include public finances, macroeconomic indicators, development of infrastructure, size of the markets, or regulatory capacity.
To achieve competitiveness in a country or region, growth is essential. For this, there are public policy decisions that help trigger growth, those that help increase competitiveness and innovation. At the base is public education, followed by science, technology, and innovation, which help promote more generation of knowledge.
Another important point is the professionalization of public management, which is essential for economic development, and the generation of properly focused infrastructure, of good quality, that serves the purpose of growth. What is important is to choose three or four public policy actions that generate this growth in competitiveness and innovation.
The application of the above results in the generation of medium or high value added, more information, and quality research. Thus, a space would be created between international markets that would help the transformation from a manufacturing country to a mindfacturing one.
March 28, 2025
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