National Strategic Reference Framework

More documents

Recommendations

Info

MALTA – National Strategic Reference Framework 2007-2013 Draft Document for Consultation Malta’s NSRF is based on four Strategic Objectives: sustaining a growing and knowledge-based, service-oriented economy; improving the quality of life of citizens; investing in human capital and addressing Gozo’s regional distinctiveness. These objectives are depicted in Table 5.1. A detailed description of these strategic objectives and the potential measures which could achieve these objectives, follows. 5.1 Sustaining a growing and knowledge-based, competitive economy The strategic priority aimed at sustaining a growing and a knowledge-based, competitive economy is underpinned by measures aimed to support the restructuring of industry to compete in the internal market and the world economy; attract more FDI; support entrepreneurship; mobilizes investment in research, technological development and innovation (RTDi); sustain the tourism industry and promote Malta’s culture in the context of the tourism potential; moving towards the information society, and last but not least, investment in the country’s infrastructure (transport and services of general economic interest) as one of the principal backbones for economic growth and competitiveness. In order to generate economic growth and employment opportunities, specific attention will be given to the manufacturing industry, tourism as well as other services-related sectors. As regards manufacturing, efforts are being focused on attracting new investment in target and niche markets which are high value added and where Malta can remain competitive in the years to come. Tourism remains an important sector in the Maltese economy and Government remains committed to further develop this industry. The financial services sector has assumed growing importance over recent years and Government wants to strengthen this sector and to realize its potential for additional growth. Malta has developed its economy, first and foremost, through its outward orientation, openness and international competitiveness. Today the level of openness of Malta’s economy is such that it finds very few parallels with other countries. Few economies have managed to simultaneously develop tourism, attract a high level of foreign direct whilst attaining a high level of exports compared to gross domestic product. Malta’s economy is not an insular economy. It has not shied away from being an integral part of the international economy, be it in the manufacturing sector, or in the services sector, particularly through tourism and the financial sector. It has managed to do so even though the country does not have natural resources. Furthermore, over the past four decades since its independence, Malta’s socio-economic development has been based on the general consensus to boost the tourism industry, to facilitate indigenous and foreign direct investment and to achieve economic growth through exports.
MALTA – National Strategic Reference Framework 2007-2013 Draft Document for Consultation Table 5.1 NSRF - Strategic Objectives 2007-2013 Strategic Objective 1: Sustaining a growing and knowledge-based, competitive economy Supporting entrepreneurship and mobilizing investment in research, technological development and innovation (RTDi) Access to finance, SMEs Implementing an RTDi strategy Enterprise infrastructure Sustaining the tourism industry and promoting culture Access to finance, SMEs Conserving and promoting Malta's cultural heritage Enhancement and promotion of Malta's tourism offer Promoting an E-Society Developing more E-Government services Facilitating access to ICT More efficient ancillary business services Improving and expanding the transport infrastructure Roads, Inter-island sea ports and air services Strategic Objective 2: Improving the quality of life through environment protection and urban regeneration Environment, energy and risk prevention Environmental protection, compliance with the Acquis Waste management Water Energy generation and efficiency Urban regeneration Strategic Objective 3: Investing in human capital Education and employment Expand and improve investment in human capital Adapt education and training systems to new competence requirements Promote a life-cycle approach to work Ensure inclusive labour markets Education infrastructure Strategic Objective 4: Addressing Gozo's regional distinctiveness Enterprise promotion, tourism and service sectors Accessibility issues, road and sea transport Human capital and skills
Page 2 and 3: MALTA - National Strategic Referenc
Page 62: MALTA - National Strategic Referenc

National Strategic Reference Framework

Create successful ePaper yourself

Delete template?

Save as template?