Page 28 - COMPASS - COMPETITIVENESS REPORT 2022 - COUNCIL OF COMPETITIVENESS IN GREECE

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CONCLUSIONS AND
ACTIONS PROPOSED

The five pillars of competitiveness analysed by the Compass report each year — given, of course, the availability of
the specific applicable indicators — allow for monitoring of the country’s competitiveness at the strategic level. The
key takeaways emerging from this year’s analysis are presented below, with a detailed analysis of each of the five
pillars presented thereafter.

INNOVATION AND TECHNOLOGY BUSINESS ENVIRONMENT:
• Development of frameworks for cooperation and es- • Awareness raising, training and promotion of best prac-
tablishing connections between academic and research tices for inclusion in the workplace, with an emphasis on
institutions and the business community, potentially ensuring equal pay and fair treatment of diversity, and
with the contribution of technology transfer offices age diversity in particular
• Establishment of a framework of institutional collabo- • Bolstering of investment in smaller businesses through
rations between universities and reputable stakehold- tax benefits and investment incentives, aiming to in-
ers and creation of a mechanism to utilise industrial crease startup funding from angel investors
scholarships, with the ultimate goal of linking research
and business
INSTITUTIONS AND THE ECONOMY
• Development of the institutional framework and of
SOCIETY AND TALENT procedures pertaining to public-private partnerships,
• Assessment of the needs of the Greek economy and which, as demonstrated during efforts to tackle the
matching of labour market demand through skills pandemic, are especially useful in both dealing with
training and supply of skilled professionals, with further crises and addressing chronic shortcomings and issues
reinforcement of the Labour Market Diagnosis Mecha- the State cannot resolve on its own
nism (LMD) • Digitalisation of legal and support services, including
• Reinforcement of the communication between innova- provision of the necessary staff training, with the goal
tive startups in the process of scaling up through inno- of more quickly and effectively resolving pending legal
vation hubs and venture capital ecosystems, in order to matters and drafting laws for the economy and labour
accelerate their growth relations as these are being shaped by the Fourth In-
dustrial Revolution

RESOURCES AND INFRASTRUCTURE
• Revision of national transport systems to streamline
logistics services and establish more efficient intercon-
nection of commercial channels
• Introduction and implementation of environmental
compliance criteria across industries (tourism, agricul-
ture, industry, transport)