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17 November 2020Bilbao Campus

Orkestra identifies the 7 key elements for the resilience of the Basque Country before, during and after COVID-19

On 17 November 2017, Orkestra - the Basque Institute of Competitiveness presented the 2020 Basque Country Competitiveness Report concluding that the Basque Country has reached the pandemic with a series of strengths on its competitiveness basis and on which it can build the appropriate responses. According to the report, the measures adopted in the short term have been agile, flexible and similar to those of other reference regions. However, uncertainty continues and the key element for the future will be combining resilience measures with successfully addressing accelerated transitions.

In the context of the socioeconomic crisis caused by COVID-19 and with the aim of supporting the recovery policies, the 2020 Basque Country Competitiveness Report analyses the conditions under which the Basque Country is facing the challenges associated with the pandemic and what will be the key elements to rebuilding the competitiveness of the territory, taking advantage of the opportunities offered by the green, digital and demographic-social transitions. It identifies seven main recommendations for a new competitive model that is more sustainable and inclusive.

  1. Digitalisation. The role of digital transformation to strengthen competitiveness in all sectors and facilitate transitions.
  2. Sustainability as a competitive advantage that will create industrial and technological opportunities.
  3. Foundational Economy’. The report identifies as a challenge the importance of working on the potential of the founding economy (including health, food, education and care fields) as a source of opportunity for the economic development of the Basque Country.
  4. The need to act on capacities, so that the Basque Country has people with the necessary skills to promote the referred transitions.
  5. The importance of public administrations playing a driving role in the generation of new solutions and innovations, of new companies and businesses, as well as of the necessary infrastructures to address transitions, with instruments such as investments, public purchasing or the promotion of business collaboration platforms. Likewise, the importance of continuing advancing towards a more digital, agile administration and closer to citizens is underlined.
  6. Reinforce the RIS3 strategy (Smart Specialization Strategy), incorporating sustainability as a new dimension or "S" (Sustainable Smart Specialization Strategy).
  7. The importance of reinforcing the co-governance model of the Basque Country between the different administrative levels, guaranteeing a clear distribution of roles that avoids duplication and takes advantage of synergies, and ensuring that the multiple territorial actors (companies, universities, technology centers …) have a relevant role.

The analysis was presented to the media by the Rector of the University of Deusto, José María Guibert, the president of Orkestra, Iván Martén, and the director of the Institute, Mari Jose Aranguren.

For further information, please consult this page.