Designing and Launching Institutions for Growth

An integral component of any development or competitiveness agenda is the establishment, empowerment, and effective management of institutions that are specifically charged with driving growth.

Having studied divergent approaches of economic institutions in Europe, the Middle East, and Africa, Monitor has developed a nuanced understanding of growth models. We have isolated critical enablers across these institutions, identifying common characteristics in the structure and design of successful ones. We’ve also assessed the strengths and weaknesses of institutional models that have underpinned accelerated economic development in economies such as Dubai and Singapore. Finally, Monitor has developed an understanding of how specific components and collective approaches to growth in these institutions may be replicated or tailored to apply to diverse global contexts.

Monitor helps nations and regions upgrade their institutional capacity in visible and sustainable ways. Monitor helps institutions inform and articulate their mandates, while ensuring that they are empowered to deliver on this mandate. We ensure accountability for these institutions by helping a nation or region define key parameters for success, and also support them in building incentives for effective monitoring and implementation. We also help these institutions structure themselves around core objectives to enable organizational excellence, and we work with them to understand and engage critical stakeholders who can block or enable the institutional mandate.

Extensive research and experience in this field has helped Monitor design and launch institutions for growth across regions and nations, and enforce an incentives architecture that promotes long-term success. This ensures that recommendations and strategies for economic development can be effectively implemented and governed by a sustainable institution.

With this offering, leaders are able to:

  • Understand and apply best practices from other regional growth models to their own region
  • Design, launch, and staff effective institutions that are charged with championing economic change, and are empowered to do so