Enhancing Export Competitiveness : Part – II

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Article

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The business case for investing in a trained, healthy, motivated and satisfied workforce to raise productivity is quite obvious as enunciated earlier. A PIDE study has estimated that increasing productivity from the current level to 3 percent and above can increase GDP growth to more than 6 percent. The tricky part is how to achieve this higher productivity. In the following paras we outline some points to ponder.

As training in house by each firm individually has higher private costs, it is suggested that this task should be done collectively. All export firms in particular should organise themselves and form Sectoral Export Councils under a set of transparent rules and self-regulations. Only genuine exporters should be made part of the Council. The provincial and federal governments should hand over the management and operations of some of the technical and vocational institutes related to the export sectors to these councils.

Publication Source

The News

Publication Date

11-26-2021

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