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Competitiveness. Overview. WEF competitiveness report IMD world competitiveness scoreboard Innovation Union scoreboard Iceland 2020 – competitiveness priorities Conclusions: strengths and weaknesses The way forward. World Economic Forum – Global competitiveness report.

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Presentation Transcript
  • WEF competitiveness report
  • IMD world competitiveness scoreboard
  • Innovation Union scoreboard
  • Iceland 2020 – competitiveness priorities
  • Conclusions: strengths and weaknesses
  • The way forward
wef 12 competitiveness pillars
WEF 12 competitiveness pillars

Innovation driven economies: GDP pr. capita exceeding 17,000 US $

Innovation Union Scoreboard

Nordic Entrepreneurship Monitor

Nordic Innovation Monitor

ius 2010 iceland among innovation followers with a below average performance
IUS 2010: Iceland among innovation followers with a below average performance



Relative weaknesses:

Intellectual assets


A strong decline:

PCT patent applications

Knowledge-intensive services exports

Relative strengths:

  • Open, excellent and attractive research system
  • Linkages and entrepreneurship.

Growth performance:

  • Human resources
  • Open, excellent and attractive research systems
  • Intellectual assets is above average

High growth:

  • New doctorate students
  • Community trademarks
pct applications
PCT Applications

Source: Icelandic Patent Office

applications to the european patent office
Applications to the European Patent Office

Source: EPO / Icelandic Patent Office

nordic innovation monitor iceland 2009
Nordic innovation monitor: Iceland 2009

Overall Conclusions on Iceland’s Innovation Capacity

  • ICT - and ICT use is an important prerequisite for innovation. Among all Nordic countries, Iceland has the second-best framework conditions for ICT.
  • Iceland could benefit from focusing on the quality of the education system and work strategically to make the funding materialize in a high excellence education system.
  • Iceland could benefit from focusing on re-establishing the venture capital market and other areas supporting an increased number of high-growth entrepreneurs.
competitiveness priorities
Competitiveness priorities

1. Infrastructure and institutions

2. Efficiency of markets

Long-term monetary and currency policies

Restore equity market

FDI strategy

Rules and supervisory roles

  • Increase public sector efficiency
  • Performance and impact assessment of public funds
  • Prioritization of public projects
  • Laws and regulations
competitiveness priorities1
Competitiveness priorities

3. Economic conditions

4.Quality of life, health and equality

Environmental and social sustainable growth

National accounts and use of approven indicators proposed

Public health

Eco-friendly transport

  • Stable macroeconomic environment
  • Fiscal policy
  • Restoring financial market
  • Capital controls lifted
competitiveness priorities2
Competitiveness priorities

5. Education and innovation

6. Infrastructure, technological readiness and telecommunications

Maintain good status

Electronic administration


  • Improve education at all levels and outcomes
  • Technical education and training
  • Targeted research funding
    • Health sector
    • Energy
    • Environment
    • Eco friendly transportation
competitiveness priorities3
Competitiveness priorities

7. Innovation and development

Export, marketing and sales

Support schemes and competence building

Target growth areas/sectors

ICT applicability to stimulate innovation

  • Innovation
    • Entrepreneurs and SMEs
    • Centers of excellence / clusters
  • Access to finance – VC
  • Efficient institutional support system
the way forward
The way forward
  • Macroeconomic improvements and stability
  • Infrastructure is solid but important to maintain strong position
  • Develope new sustainable growth areas for the future (high-tech and knowledge intensive)
  • Ensure funding for innovation, R&D and education system -focusing on output assessment
  • Re-establish financial markets and ensure access to finance
  • Stimulate innovation with balanced policy mix