Growth, debt and competitiveness in small economies the case of mauritius
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The document summarizes Mauritius' economic situation at independence, including low per capita income of $200 from a sugar-dependent agricultural economy, high unemployment, poor education enrollment, and low standards of living. It then outlines Mauritius' shift in the mid-2000s to a new development paradigm focused on income generation through investment, fiscal reforms, and improving the business environment; social programs in areas like education, healthcare, and empowerment; and environmental sustainability through initiatives like Maurice Ile Durable for renewable energy and efficient transportation. Charts show that these reforms contributed to increased growth, falling unemployment, improved debt ratios, rising exports and FDI, despite impacts from the global recession.
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This document summarizes a job training program for unemployed youth in the Dominican Republic. The target population is ages 16-29 who have dropped out of high school. Trainees receive courses through community organizations and internships with firms. Evaluations found short-term impacts like increased employment and job satisfaction after graduation, though benefits tapered off over time. Trainees developed skills valued by employers like willingness to learn and teamwork. The biggest challenge is facilitating long-term job placement, as internships often don't lead to permanent positions.
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The document discusses barriers to innovation in the Caribbean and proposes ways to overcome them. It begins by outlining the link between innovation, productivity, competitiveness and prosperity. It then notes that the Caribbean economy has been trapped in low growth due to a lack of innovation. Despite foreign investment, firm productivity and competitiveness rankings have declined. The document proposes that the Caribbean needs to shift from resource-based to innovation-based economies. It recommends unleashing human talent potential through creativity training and supportive work environments. Bringing together government, businesses and academia in a "triple helix" model is suggested to build consensus on fostering innovation.
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The document discusses challenges for youth employment in the Caribbean region. It notes that while educational attainment has increased, the education system does not adequately develop skills needed in today's society. Test scores are low and content is often disconnected from economic needs. Globalization has increased youth aspirations that do not match local realities. However, countries are working to reform education and offer training programs to improve employability and entrepreneurship opportunities for out-of-school youth. Key discussions highlighted how the education system stifles creativity and does not adapt to gender differences, with boys facing particular challenges. Reforms are needed to diversify teaching areas and incorporate skills like ICT.
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The objective of the session was to identify impediments to regional connectivity and discuss solutions. Key messages from the panel included investing in human resources and port capacity, and promoting smaller inter-island vessels. Key responses from participants stressed the need to address inland bottlenecks, support logistics services like trucking and freight, and integrate shipping and aviation cargo networks.
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Information and Communications Technologies (ICT) aims to present concepts around ICT-led innovation and economic growth. It focuses on factors that sustain an innovation culture through partnerships between government, private sector, and academia. It also discusses initiatives in open data and open government that can help develop innovation economies, as well as how mobile technologies and social media can promote business growth through crowdsourcing. Key messages discuss how innovation thrives on collaboration, and how economic incentives can drive sustainability through creative problem solving in schools and firms. Crowdsourcing can also improve public services and entrepreneurship. Participants noted lessons from other countries' innovation policies and instruments, interest in regional open data initiatives, and how crowdsourcing could help with natural disaster
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This document discusses access to finance for MSMEs in the Caribbean. It notes that banks need thorough business information to evaluate loan applications, so MSMEs must have good organization and record keeping. A business plan alone is not enough for approval - banks also consider industry risks and the owner's abilities. Loans to MSMEs generally have higher interest rates due to higher risk profiles. The discussion highlighted gaps in MSMEs' understanding of their businesses from the bankers' perspective. While training programs exist, more experiential learning is needed versus generic sessions. Establishing a better enabling environment through guarantees, tax breaks, and faster registration could help address the large gaps in access to finance for MSMEs.
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This document discusses challenges facing small Caribbean economies and strategies to address debt and growth issues. It identifies that countries face common challenges like natural disasters, poverty, and vulnerability to external shocks. However, these challenges can be overcome with appropriate macroeconomic policies and structural reforms that increase productivity, diversify exports, and create resilience funds. Successful examples from countries like Mauritius demonstrate that tax reform through a flat tax without exemptions can increase revenue. The document also notes that structural reforms are better than stimulus packages for countries with little fiscal space, and that successful debt resolution addresses both debt and the underlying policy and structural factors contributing to high debt.
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This document discusses how universities can better align with the private sector to increase graduate employment and economic growth. It recommends that universities establish stronger linkages with private companies through internship programs, advisory boards, and encouraging company executives to teach. This will help universities develop skills in students that are relevant to employers. The discussion also notes social media as an untapped potential for Caribbean businesses and the need to better utilize alumni networks to connect students with internships and potential careers.
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The document discusses strategies to strengthen Caribbean intraregional economic relations through regional integration, with a focus on competitiveness gains from integration, barriers to economic convergence, and improving the business environment to boost growth. It notes that the Caribbean region remains weak and undiversified, and that the World Bank's trade strategy could help increase integration and trade. Participants agreed that reducing transport costs, improving connectivity between islands through maritime and air transport, and obtaining World Bank expertise on trade issues could advance the region's competitiveness and diversification agenda.
David Rampersad Presentation - Caribbean growth forum, kingston, june 18-19,2012
Dr. David Rampersad gave a presentation on tapping into the human capital and ideas of Caribbean tertiary education institutions. He argued that higher education plays a key role in stimulating innovation by linking research, knowledge transfer, and application. However, the Caribbean currently lacks effective funding mechanisms and national innovation systems to support research. Dr. Rampersad proposed establishing a Caribbean Research and Funding Agency to provide dedicated funding for research, knowledge generation, and innovation in the region. This, along with other measures like improving technology transfer and establishing regional innovation systems, could help maximize the impact of research from Caribbean higher education institutions.
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The document discusses promoting green and inclusive growth in the Caribbean through increased use of renewable energy. It notes that the Caribbean relies heavily on oil imports, which have doubled in cost in recent years. This presents challenges to balancing economic development, poverty reduction, and climate change mitigation. The document proposes widespread development and deployment of renewable energy technologies like solar, wind, hydro, and biomass as a solution to high energy prices and climate change, and to create new jobs. It provides examples of existing renewable energy projects in the Caribbean and highlights the region's abundant renewable energy resources. The overall goal is to optimize use of diverse Caribbean energy resources to meet energy needs sustainably.
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This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
1. Stanford’s Design Thinking
2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
11. Strategyn’s Jobs-To-Be-Done (JTBD) Framework with Job Map
12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
To download this presentation, visit:
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