Key objectives of the project are as follows;
Productivity, quality and innovation provide the foundation for new businesses and new jobs and thus are important drivers of economic growth and development. Focus on productivity, quality and innovation can help addressing pressing social and global challenges, including demographic shifts, resource scarcity and the changing climate. Moreover, innovation can help address these challenges at the lowest cost. Innovative and quality oriented economies are more productive, more resilient, more adaptable to change and better able to support higher living standards.
Productivity, quality and innovation lead to value creation that generates the rewards for human, physical and knowledge-based capital. This value creation increases aggregate incomes and has a positive impact on overall living standards. Quality and innovation not only support growth and job creation, and the efficient delivery of public services, but also address specific social and global challenges, including green growth, health, food security and the fight against poverty.
Governments play a key role in fostering a sound environment for productivity, quality and innovation, helping overcome certain barriers, and ensuring that these key drivers contribute to key goals of public policy. Governments that understand these new trends will be able to use this force to help their countries exit the crisis and bring about a greater, greener and more sustainable type of growth. These initiatives promote competitiveness and growth.