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How to compete and grow

Ryan Hahn's picture

Last month Jaana Remes, a senior fellow at the McKinsey Global Institute, came to the World Bank to discuss the findings of a new report called How to Compete and Grow: A Sector Guide to Policy. Remes spoke on a topic that has not been a traditional strong suit of the Bank, viz. competitiveness policies for particular sectors of the economy. As a global institution, we are more inclined to focus on cross-cutting issues like business regulations. But the financial crisis has pushed questions of economic restructuring to the fore, and the Bank is paying attention.

After the jump, you'll find a video of the talk. Remes's presentation starts at 8:30 and runs until the 35 minute mark. A lively Q&A with Bank staff follows. (Please note that the audio is a bit low at the start but is corrected a few minutes in.)

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Comments

Submitted by GS RADJOU on
This is a good case for growth and competition. During crisis or post crisis recovery there is no moe competition. I read on how haircutters fulfill their job post in a world developped country. It looks like a real risk management and very challenging for bosses. The haircutter profession organized a recruitment process. 360 potential unemployed are looking for work. The process disqualifies 160 because of unmatched requirement, then 160 are invited to interviews that is perfectly catered to answer their needs. Only 60 came to the interviews. After clearance 4 get a job. The jobcenter that is partnering the job show with the profession made motivation test to add another 6 new recruits. In total, from the initial 360, 10 endly fulfilled wishes of employers. This process is a real decision making based on analysing sources of uncertainties and can answer questions of accessibility to the job market (I forgot to tell there were 50 jobs on offer and I let you search for these uncertainties.)

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