Booklet WCY 29 Mei 2013 1 - MPC

Appendix 5
CHARACTERISTICS OF MOST COMPETITIVE ECONOMIES IN WCY 2013
USA SWITZERLAND HONG KONG SWEDEN
Year 2013 2012 Year 2013 2012 Year 2013 2012 Year 2013 2012
Rank 1 2 Rank 2 1 Rank 3 1 Rank 4 5
· Implementation of the Volcker
· Switzerland’s normative
· Strategically located in the
· Sweden has taken the
Rule separating proprietary
trading from typical banking
services and the treatment of
European bank’s US
operations restores market
confidence in the overall
stability of Europe’s financial
sector.
· US companies are highly
sophisticated and innovative
supported by an excellent
university system that
collaborates strongly with the
business sector in R&D.
· Being the world’s largest
national economy and leading
global trader, US has the
ability to expand the output
of the most competitive
industries and products,
through exports and raises
U.S. incomes; via shifting
work efforts to the most
competitive areas of economy
to help raise the productivity
and average compensation
earned from an employment.
· National Export Initiative (NEI)
by the federal government
targets to create new job
opportunities by expanding
exports through various
in-house Institutions – the
Commerce Department, the
Agriculture Department, the
Small Business Administration
(SBA), and the Export-Import
Bank. The NEI is part of the
smart, aggressive and
progressive trade policy of
the United States which plays
a critical role in the overall
economic recovery program.
framework aims for optimal
health promotion and disease
prevention through values,
principles, ethical aspects,
scientific and experiential
knowledge making way
towards quality development,
sustainability and equal
opportunities.
· Financial sector shining
brightly with the
implementation of the Foreign
Account Tax Compliance Act
(FACTA) agreement with
the US has significantly
strengthened the
administrative and financial
burdens of institutions in the
country.
· The Swiss has a strategy for
attracting high-quality
researchers to the country as
it has the largest research
center for natural and
engineering sciences in the
country. It creates a platform
for innovative projects by
evolving from an environment
of global collaboration
between companies and
academics.
· The Scientific co-operation
between Eastern Europe
and Switzerland promotes
co-operation between
research groups and
institutions in Switzerland.
The programme phase
SCOPES 2013 -2016 has
allocated a budget of 16
million and includes Joint
Research Projects (JRPs),
Institutional Partnerships
(IPs), Preparatory Grants
(PGs), Volorisation Grants
and Conference Grants
(CGs).
centre of Asia, Hong Kong is at
the forefront of worldwide
telecommunications markets.
The country has a
sophisticated ICT infrastructure
-broadband network that covers
virtually all commercial
buildings and households.
It has a business-friendly
environment with no
restrictions on technology
imports and robust IP
protection.
· Hong Kong is also one of the
world’s leading trade and
logistics hub and has an
excellent supply chain
management system that
incorporates the rapid use of
developing technology to
further create value for its
trading and logistics industry.
· The government of Hong Kong
has identified that innovation
and technology as well as
testing and certification are the
2 key categories that the
country excels in. As such
much support has been given
to further promote these 2
economic areas. A
multi-prong approached is
expected to breed results
through a fostering of inter
mainland and Hong Kong
technology transfer and
collaboration in science and
technology.
· Financially, the country is livid
with remarkable IPO activity
and has an expanding
expertise in funds
management.
initiative to improve education
standards of immigrant
students by bringing up the
academic performance level
of these students. The
initiatives benefit the society
as it will regulate the flow of
education.
· Another education
innovation is the availability
of Mandarin as an optional
primary and secondary school
subject for future
opportunities.
· The Adult Education
Initiative (AEI) is a 5-year
program that represents the
largest ever investment in
adult education policies.
The initiative will help
unemployed people with
complete or partial school
qualifications to gain new
skills and knowledge.
· Even with a world class health
system, Sweden still shows
how there is room for
improvement by investing in
systems that will provide more
opportunities for different
healthcare providers and
reduce waiting time.
· The HSE National Clinical
Programmes is a systematic
approach in providing
national strategic and
coordinated approach to a
wide range of clinical
services. The aim is to
moderernise the method and
manner in which hospital
services are provided across a
wide range of clinical areas
through the standardisation of
access to, and delivery of high
quality and safe and efficient
hospital services.
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