Czech Competitive Challenge

1
Czech Competitive Challenge

• Jan Mühlfeit
• Chairman Europe
• Microsoft Corporation

2
Power Wealth x Size
2007
2050
3
Is the World Flat or Spiky?

• 3 Ts
• Talent
• Technology
• Tolerance

• Low barriers to entry/flatteners
• Factor 5x
• Digitalization is redefining world economy
  ?24/7/365

4
How Countries Compete

• Government Efficiency
• Public Finance
• Fiscal Policy
• Institutional Framework
• Business Legislation
• Societal Framework

• Economic Performance
• Domestic Economy
• International Trade
• International Investment
• Employment
• Prices

• Infrastructure
• Basic Infrastructure
• Technological Infrastructure
• Scientific Infrastructure
• Health Environment
• Education

• Business Efficiency
• Productivity Efficiency
• Labor Market
• Finance
• Management Practices
• Attitudes Values

5
Best Practice -- Finland

• Competiveness Agenda
• Clear vision 20072015
• PM as Chief Competitiveness Officer
• Parliamentary Future Committee across entire
  political spectrum
• Public Sector
• Extremely low corruption allowing smooth
  public/private cooperation
• Education
• Best PISA study results
• Innovation Universities new concept of private
  universities
• Significance of education in society, competent
  teachers
• Industry
• Outstanding education ? industry connection

6
Czech Reflection

• Competiveness Agenda
• Open economy vs. closed society
• Czech Chief Competitiveness Officer?
• Public Sector
• Faster deeper reforms (social, healthcare, RD,
  public sector)
• Structure of the Czech economy (old vs. new ?
  skills)
• Education
• Old model (basis from 18th century/universities
  from 19th century)
• Industry
• Improve education ? industry connection
• Increase investment into innovation and RD
• Expand SME skills

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