A unique understanding of how regions can seek out business investments, promote innovation, and enhance prosperity.

The key economic challenge facing any nation or region is the quest for prosperity. Competitiveness is a fundamental determinant of prosperity, and improvements in the competitiveness of an economy create measurable, positive impacts for citizens. The most effective path to accelerating prosperity requires understanding a national or regional economy and enhancing its competitiveness. That’s where Monitor’s Regional Competitiveness practice comes in.

Read more about the theory behind our approach.

Over the last three decades, Monitor’s Regional Competitiveness team has built on academic and field research in the domain of competitiveness and economic development. The result is a suite of services to support national and regional leaders in the quest for enhanced prosperity. The team has developed a set of 10 core offerings designed to understand and improve national or regional competitiveness.

Roll over and click on the sections of the illustration below to learn more about our core offerings:

Monitor has found that regions and nations can achieve significant impact through by deploying of a combination of the solutions outlined above. Conventionally, the critical starting point is a distinctive vision and strategy for economic growth, grounded in a sound assessment of existing conditions and future potential.

The strategy is most impactful when driven by high-potential clusters that can fuel economic growth and competitiveness. This can lead to clear opportunities to remove barriers to growth, upgrade the business environment, and engage the broad range of constituencies to align incentives and actions around common objectives of prosperity.

In the context of competitiveness as a model for economic development, focused interventions can be made to enhance business activity and to mobilize both foreign investment and local entrepreneurship. Simultaneously, efforts to upgrade the quality of life for citizens and residents is critical, and regions can implement programs that have a measurable impact on alleviating poverty and building human capacity.

Sustained momentum is most often built through investments in institutional capacity and performance, ensuring that the entities mandated to lead development campaigns are both empowered to act and able to deliver on their commitments.

While the above sequence represents a comprehensive approach to development, the optimal combination, configuration, and sequencing of deployment varies in each context. Monitor has developed deep expertise, unique approaches, adaptive technologies, and decades of experience that enable us to customize and configure solutions in any context.