The Ten General Principles of Competitiveness

In 2011, Competitiveness and Innovation Authorities & councils at a meeting in the Dominican Republic approved the following 10 General Principles of Competitiveness -

Promote high:quality, pertinent and timely education as a key element to enhance the competitiveness, good values and attitudes, and the development of our countries. 

Foster the establishment of effective institutions responsible for promoting competitiveness with  private sector involvement and other relevant actors, including existing entities, and Public. Private Partnerships to address short and long:term competitiveness issues.  

Promote a simpler, more stable and efficient institutional and regulatory framework for business and investment, by increasing transparency in government, the rule of law, promoting competition in our markets, and ethical conduct in the interactions between the public and private sector 

Prioritize the development of human capital and promote continuous on?the?job training and the acquisition of new competencies to develop world?class skills for the human capital and productivity of our countries. 

Foster the development of a modern, efficient, well?maintained infrastructure –between and within countries? and foster the rapid adoption of new technologies by economies, including information technology and communications (ITCs). 

Position innovation and high impact entrepreneurship as a determining factor for competitiveness, through greater public and private investment in research and development (R&D), the interaction with academia, and the adoption of innovation?enabling policies and strategies, including the protections of the rights of intellectual property holders in the framework of our development policies.

Improve access to capital for economic actors, especially MSMEs and entrepreneurs, and promote public?private mechanisms to increase financial inclusion. 

Foster equity, inclusion, social entrepreneurship, the adoption and application of corporate social responsibility principles, sustainability, shared value and gender equity as fundamental elements to enhance the productivity and competitiveness of our region. 

Promote trade and integration, trade liberalization, to diversify our economies with high value?added quality products and services, fostering the internationalization and participation in global value chains, and, improve the competitiveness and productivity of industry, giving special priority to our MSMEs.  

Promote energy efficiency and development in the context of our efforts to foster environmental, social and economic sustainability, including the vision to become low carbon economies.