EDP_Provincial Competitiveness Index
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EDP_Provincial Competitiveness Index

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Improving the business and investment climate in the Western Cape: The role of a Provincial Competitiveness Index.

Improving the business and investment climate in the Western Cape: The role of a Provincial Competitiveness Index.

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  • Adapted from urban geographer Michael Storper (2007), CT Competitiveness Study (2011), SACN Productive Cities indicatorsOther entities = informal sector, non-profits, social entrepreneurs, etc.*Quality of life is a broader developmental concept than ‘standard of living’. The latter is associated with an income measure, usually GDP or GVA per capita. Quality of living, on the other hand, is associated with detailed indicators in eight areas: education, employment, energy, environment, health, human rights, income, infrastructure, national security, public safety, recreation, and shelter

EDP_Provincial Competitiveness Index EDP_Provincial Competitiveness Index Presentation Transcript

  • Improving the business and investment climate in the Western Cape: The role of a Provincial Competitiveness Index
  • Why a provincial competitiveness index?Provide information to enhance decision-making:1. For business to determine and validate investment plans and to assess locations for new operations2. For communities to hold government accountable3. For government to benchmark policies and programmes4. For analysts to evaluate how regions and enterprises compete on domestic and world markets5. For transition managers to improve the performance of the economic delivery system
  • Definition of regional competitiveness“The ability to attract, retain and developfirms, other entities and entrepreneurs, with astable or rising market share, while linking leadingand lagging areas and increasing the rate ofeconomic participation and the quality of life ofresidents, now and in the future”
  • Model of regional economic competitivenessCompetitiveness factors Competitive performance Feedback effects Use of resources Productivity Trade (labour & land) Key drivers Technology & Industrial Business ownership Skills & Connectivity innovation structure & management capacity Business & Education, Land supply Quality of life & Governance investment training & and physical amenities & institutions climate research base infrastructure Source: Turok, 2006 adapted from Cambridge econometrics
  • Connecting long-term to short-term indices “Blombos Cave Index” (monitoring the long- term transition Provincial towards an Competitiveness Index inclusive, resilient and (better business and competitive regionalRed Tape Reduction investment climate and economy)Unit (ease of doing enhancing the factorsbusiness) of competitiveness)
  • Source: WCG Red Tape Reduction Unit
  • Source: WCG Red Tape Reduction Unit
  • Source: WCG Red Tape Reduction Unit
  • From Red Tape to Green Carpet 10 measures to improve EIA planning and decision-makingDirectorate Development Facilitation, Department of Environmental Affairsand Development Planning, WCG
  • Provincial Competitiveness Index 1. Regulatory environmentLow barriers to Transparent legal Enforceable entry for new and business contracts businesses information Burden of Ease of trading complying with across national bureaucratic borders procedures
  • Provincial Competitiveness Index 2. Role of governmentProactive and Consistent and Business creative predictable incentives leadership policies Generating Crime and future skills violence
  • Provincial Competitiveness Index 3. Resources and infrastructure Labour: MunicipalInfrastructure availability of services skills Labour: Access to dispute credit resolution
  • Provincial Competitiveness Index 4. SustainabilityBusiness support Employmentand professional Cost of living creation services Environmental Quality of life regulation
  • Multiple dimensions of business and investment climate successScale specific • Success is determined by processes that are international, national and sub- nationalSector specific • For example, export businesses will have different needs to SMEs in services sectorBusiness type specific • Needs of large corporations, SMEs, entrepreneurs and informal sector differMore than regulation and legal frameworks • Connectivity, quality of life, cost, human capital, markets, environmentMore than FDI attraction • Establishment, growth and retention of existing businesses as important
  • Roundtable Discussion 2Business and Investment Climate Index 1. Informal businesses 2. Small, medium and micro 3. Corporates and multinationals 4. Municipalities 5. Investment strategies