Helping governments develop positive responses to global economic change.
As the world’s economies increasingly globalise, governments have been presented with significant growth and development opportunities, but globalisation has also brought significant challenges if they are to keep pace with international trends and developments.
For over half a century, Maxwell Stamp has worked with governments and regional groupings to design and implement strategies to meet these and other challenges and ensure that the policy environment incentivises the productive and service sectors to act in accordance with government objectives and aspirations.
We have helped governments across the Middle East, Africa, Asia and the Americas to crystallise their national visions and aspirations and translate these into national and sectorial strategies to ensure the international competitiveness of their business sectors and the betterment of the lives of their citizens.
We have for example helped prepare:
We recognise that successful economic strategies cannot be developed in isolation. They are influenced by developments in other sectors, cultural and political considerations, international relations and the dictates of the global economy. They need to be flexible enough to adapt and need to anticipate and be ready to engage with the future.
While we cannot predict the future, we seek to objectively measure key strategic drivers such as a country’s comparative advantages, its sectorial clustering potential and its alignment of policy with national goals.
By incorporating big data techniques, we also map out patterns and structures to provide insights into how the world is changing and the opportunities and conditions for nations and sectors to successfully participate.
Strategies alone are not sufficient; they need to be implemented. This typically requires governments to ensure that the policy environment governing domestic economic behaviour is in line with its strategic goals. Achieving these goals requires coordinated policy action across many sectors and disciplines, taking into account their indirect as well as their direct effects.
A strength of Maxwell Stamp is that we have worked across all economic policy disciplines:
Policy environments combine all or most of the above and typically evolve over many years, if not centuries; they are not planned. They become excessively complex and opaque, making it difficult to discern how they impact on the structure of incentives and on the allocation of resources.
We have the tools, skills and experience to measure and assess the impacts of policy, both individually and in combination, and to identify how they impact on different economic sectors.
With international emphasis on making the business environments user-friendly, we have helped many countries and governments to disentangle their policy matrices to create more transparent, simple and automatic policy environments that ensure business behaviour is consistent with national and sectorial objectives. The aim is always to make policy more efficient and less distortionary, yet deliver national goals.
Policy change is a formidable task which needs to overcome valid concerns, uncertainties, reservations and resistance of policy makers and all sections of the community. Using our proprietary software and drawing on our near 60 years of experience, we achieve both. We:
We have helped over 60 countries rationalise and simplify their economic policy/business environments and strengthen their policy management. For example, we: