Belfast Telegraph

Sunday 20 April 2014

Business chiefs want companies benchmarked

A local business organisation has called for the Northern Ireland economy to be benchmarked against global economies in order to drive economic growth.

The Global Federation of Competitiveness Councils, of which the Northern Ireland Centre for Competitiveness (CforC) is a member, said measuring the likes of education, research and development spending, job creation and quality of life against global averages is essential to developing policies which will make the region competitive on a global basis.

It made the call as part of a submission to the Department of Enterprise, Trade and Investment in response to the draft Programme for Government (PfG).

It said Northern Ireland's economy could become more competitive by focusing on the important role public-private partnerships can play in creating jobs and the need for investment in transport, energy, information and communications infrastructure.

"These principles reflect conditions in the evolving global economy," said Bob Barbour, chief executive of the Northern Ireland Centre for Competitiveness.