Dutch economy still lagging behind

28th September 2005, Comments 0 comments

28 September 2005, AMSTERDAM — The Netherlands does not feature in the ranking of top economic performers that is compiled by the World Economic Forum (WEF).

28 September 2005

AMSTERDAM — The Netherlands does not feature in the ranking of top economic performers that is compiled by the World Economic Forum (WEF). 

It has been many years since the Netherlands has appeared in the socio-economic think tank's top 10.

A number of other small European countries - Finland, Sweden, Denmark, Norway and Switzerland - are in the top 10.

Finland is actually in first place, followed by the US. In contrast, the Netherlands' position has not improved noticeably compared with last year.

The findings about the Netherlands are partly based on a survey of large Dutch companies and organisations carried out by the Erasmus Strategic Renewal Center at RSM Erasmus University in Rotterdam.

Project leaders Professor Frans van den Bosch and Professor Henk Volberda noted that the Netherlands has not featured in the WEF top 10 since 2000.

They said that at a time when the Netherlands needed to compete in terms of innovation, business here was still cost driven.

"The innovation battle will not be won with such a focus on costs. Dutch companies pay too little attention to strategic renewal," the professors said on Wednesday.

This was apparent, they said, in the low scores for innovation and the absorption of knowledge. 

Social innovation - for example, the introduction of new management tools had to be number on the innovation agenda, the professors advised.

Regulations are also an important impediment to competitiveness in the Netherlands. "Regulations should support innovation and renewal rather than act as a brake," Van den Bosch and Volberda said.

[Copyright Expatica News + ANP 2005]

Subject: Dutch news

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