Abstract |
The objective of this study is to review the competitiveness of Namibia as done by the World Economic Forum (WEF) and also to undertake a similar survey and compare the outcomes thereof. This latter, makes it easy to determine whether the competitiveness of Namibia as rated by WEF is reflective of the conditions on the ground as well as to find out where Namibia needs to improve in terms of competitiveness. The study also looks at what other countries have done in order to become competitive. The main finding of the study indicates that competitiveness in Namibia is weak and needs improvement. The study proposes specific strategies in terms of the needed interventions to address the identified shortcomings as highlighted in both the WEF and the Bank of Namibia survey. These include among others, developing human resource skills and infrastructure, industrialisation, making finance for starting and expanding businesses available, promoting technological and innovation research to stimulate sustainable and long-term economic growth. |