Digital Transformation
In today\'s digital age, the economy is undergoing a profound transformation driven by digital technologies like the internet, data protection, fintech, and emerging innovations. Understanding these digital pillars is crucial for harnessing their benefits and driving economic growth. Here\'s a breakdown of their significance:
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Trade and Investment
Trade and investment play pivotal roles in driving economic growth and development, yet international economic cooperation faces challenges, and existing rules and institutions are strained. The relationship between trade and investment has become more intricate over time, particularly with the emergence of global value chains (GVCs), where companies intertwine trade and investment to manage supply chains, expand into new markets, access knowledge, and provide services. Restrictions and distortions to cross-border trade and investment affect their respective policy areas and have significant spill-over effects, amplifying costs in the domestic and global economy. Despite this, policymakers, legislators and judicial officers often need a comprehensive or coordinated approach to establishing and interpreting trade and investment rules.
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Human Capital Development
Human capital, comprising individuals' knowledge, skills, and health, is crucial for a nation\'s development from top to bottom. Investing in human capital through nutrition, healthcare, education, and skills development is essential for ending poverty and creating inclusive societies. The Ernest Shonekan Centre for Legislative Reforms and Economic Development is committed to advancing this goal to drive economic growth at both national and sub-national levels.
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Public Financial Integrity
Integrity is the bedrock of effective public governance, ensuring that government and public officeholders serve the interests of all citizens and promote economic prosperity and societal well-being. Financial integrity is a beacon of hope, referring to a financial system operating transparently and accountably, free from corruption and illicit activities.
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Green and Accessible Infrastructure
The Ernest Shonekan Centre and its partners aim to promote legislative reforms for green and accessible infrastructure (GAI), recognizing its significance in enhancing the quality of life and environmental benefits. GAI encompasses various natural spaces and features within urban and rural areas, including parks, woodlands, and sustainable drainage systems. By deep-diving into the potential benefits of GAI, the Centre aims to provide valuable recommendations for implementation through laws that contribute to economic development.
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Regulatory Environment
An enabling regulatory environment is essential for fostering entrepreneurship and economic growth. The Centre supports governments in promoting entrepreneurship, investment, and competitiveness by facilitating business-friendly regulations. This includes reducing administrative burdens while ensuring compliance with the rule of law. The Centre works on microeconomic interventions and business regulatory reforms to create contestable markets and support productivity gains.
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Dispute Resolution and Judicial Efficiency
Disputes can be damaging and costly, affecting individuals, organizations, and the economy. The Centre promotes effective dispute resolution methods and approaches, ranging from early resolution to formal tribunal or court processes. This involves strategic, innovative, and research-based techniques to prevent and resolve disputes effectively.
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