Highgrounds of Sustainability Competitiveness Three Mutually-Reinforcing Intuition at Today’s Crisis Transition: A. Leading structural reform in substantiation of socio-economic absorptive capacity: • Structural reform is the prerequisite to the governance decision in economic development, where private sector critically plays a key pivotal sense-making role in advancing absorptive capacity, essentially against inflationary pressure but notably also in substantiation of broad-based sustainable/resilient growth; B. Establishing market-policy governance platform with focus on allocative efficiency: • Financial sector development further plays a sense-making conducive role, essentially by provisioning growth capital to the markets, while also improving allocative efficiency in key strategic growth sectors (see implications of Digital India narrative) that altogether empower decision-making impact, particularly in establishing cross-sectoral governance platform at today’s crisis transition; C. Orchestrate whole-of-society transition driven by strategic enabling environment: • Enabling environment undoubtedly also makes a difference (see structural priorities at today's crisis transition in the Exhibit), as the government invests in key critical infrastructure, improves law, regulation and the institution, and advances human and social capital in achievement of stronger sustainability and resilience—all in one cohesive narrative shared by society and economy.

1. Bangkok, Thailand / Page 1 (2) Edition: June 5, 2022
Highgrounds of Sustainability Competitiveness
Leadership of Sustainability Governance from Perspective of
Competitiveness Reform at Crisis Transition
Siripong Treetasanatavorn
Sloan Fellow, Massachusetts Institute of Technology
Three Mutually-Reinforcing Intuition at Today’s Crisis Transition:
A. Leading structural reform in substantiation of socio-economic absorptive capacity:
• Structural reform is the prerequisite to the governance decision in economic
development,1
where private sector critically plays a key pivotal sense-making
role in advancing absorptive capacity, essentially against inflationary pressure
but notably also in substantiation of broad-based sustainable/resilient growth;
B. Establishing market-policy governance platform with focus on allocative efficiency:
• Financial sector development further plays a sense-making conducive role,
essentially by provisioning growth capital to the markets, while also improving
allocative efficiency in key strategic growth sectors (see implications of Digital
India narrative²) that altogether empower decision-making impact, particularly
in establishing cross-sectoral governance platform at today’s crisis transition;
C. Orchestrate whole-of-society transition driven by strategic enabling environment:
• Enabling environment undoubtedly also makes a difference (see structural
priorities at today's crisis transition³ in the Exhibit), as the government invests
in key critical infrastructure, improves law, regulation and the institution, and
advances human and social capital in achievement of stronger sustainability
and resilience—all in one cohesive narrative shared by society and economy.
References (in appearance order):
1. See broader context of this discussion from an interview with Sir Paul Collier from
Development Finance (2018): https://www.devfinance.net/sir-paul-collier-looks-back-
decade-since-bottom-billion/
2. See discussion in the narrative of Digital India from McKinsey & Company (2019):
https://www.mckinsey.com/business-functions/mckinsey-digital/our-insights/digital-
india-technology-to-transform-a-connected-nation
3. See the premises of key factor conditions conducive to structural competitiveness at
today's crisis recovery, stipulated on the whole-of-nation basis as discussed at the
WEF (2020): https://www.weforum.org/reports/the-global-competitiveness-report-
2020/digest

2. S. Treetasanatavorn. Highgrounds of Sustainability Competitiveness
Edition: June 5, 2022 Bangkok, Thailand / Page 2 (2)
Key Factor Conditions Conducive to Whole-of-Nation Recovery
at Today's Crisis Transition (see WEF³)