4.5 - Improving Competitiveness Flashcards
1
Q
What are the main policies to improve competitiveness?
A
Improve labour market function
Core infrastructure investment
Supporting enterprise
Macro stability
2
Q
Which policies are used to improve labour market function?
A
Education spending
Encourage skilled migration
Improved management quality
3
Q
What does core infrastructure investment consist of?
A
Communications
Transport
Energy Networks
Healthcare
4
Q
How is policy used to support enterprise?
A
Improve credit/finance access
Reduced red tape
Innovation incentives
5
Q
Give an example of an innovation incentive
A
Lower rate of corp tax on patented product
6
Q
How is policy used to achieve/maintain macro stability?
A
Low inflation + price stability
Banking competitiveness
Competitive exchange rate
