FEMISE work shows that the economic complexity of a country can be affected by the performance of its neighbours and then influenced by its own geographical position. However, this process may mask regional phenomena of divergence that must be related to the roles played by national and / or regional public policies, as well as the economic, structural and demographic dynamics (GDP / capita, education, innovation, natural resources, urbanization, …).
The main recommendations are :
– Develop part-time training courses in technical, technological, industrial and service sectors in innovative and high value-added sectors;
– Develop continuing education in these same sectors;
– Open corporate training in the acquisition of specific skills in these areas (including WTO training on the role of international trade as a vector of technological sophistication);
– Reinforce the adequacy of training in relation to new professions;
– Develop partnerships with European, Asian or American universities;
– Develop public / private partnerships ;
– Use the system of professionalized relocated diplomas.
– use the benefits of natural resources to diversify and sophisticate the economy;
– develop industrial zones based on comparative advantage in natural resources;
– provide SME financing facilities and building the capacity of local businesses to accelerate structural transformation;
– continued improvement of macroeconomic policies to effectively manage the risks associated with Dutch disease and the volatility of revenues from natural resources;
– create a favorable environment for private investment.
These recommendations can be initiated and implemented quickly by public authorities which must send a strong signal to the economic actors in order to accelerate this process of sophistication of the Mediterranean economies, with the aim of promoting growth and employment, particularly qualified.