INGENIEUR
Services Sector Blueprint
Policy Recommendations
The following is a series of policy recommendations across four Policy Levers:
Improve market access
Internationalisation
strategy
2
Investment
Incentives
Step up
internationalisation of services
providers
Effective
management
of incentive
framework
Capacity building
• Enhance firm level skills and knowledge to increase export
effectiveness
Export promotion
1
• Proactive negotiating approach to open new markets (e.g. through
bilateral negotiations or GLC investments abroad)
• Facilitation of cross-border transactions through harmonisation
of regulatory principles and mutual recognition of professional
qualifications
• Improve knowledge exchange especially on regulations
• Consider usage of export matching grants
Review incentive
framework to be
more effective &
performance driven
• Impact evaluation of current and new incentive schemes
• Improve coordination of incentive schemes by consolidating under
single entity
• Greater transparency through yearly tax publications and disclosures
• Focus on incentive schemes that generate quality, vs. investment
amounts
Accelerate human
capital development
• Increase availability of professionals for knowledge-intensive
sectors
• Develop dynamic manpower planning tools to reduce skills
mismatch
• Emphasise the skills most critical to success in the services sector
Facilitate access
to hard and soft
technologies
• Promote partnerships between firms and universities, including,
foreign universities
• Promote access to management technologies by facilitating access
to information on how successful SMEs acquired managerial knowhow
Design & implement
strategy for sectoral
governance reforms
• Prioritise sectors, taking into account technical and contextual
considerations
• Implementation timing to prioritise quality and direction of reforms
• Consider common elements of individual sector-level strategies
10
3
Human
Capital
Development
4
Sectoral
Governance
Reform
Foster dynamic
enabling
environment
for knowledge
intensive services
Design and
implement reform
strategies at
sectoral level
Figure 1
6
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VOL 62 APRIL – JUNE 2015
VOL 55 JUNE 2013
Ensure coherence with
domestic regulations
& practices
• Mapping of regulations and regulatory governance
• Reforming overall framework through which regulations are made