Análisis DAFO - RIS3CV
WOT Analysis
Strengths, Weaknesses, Opportunities and Threats of the Comunitat Valenciana economic model
WEAKNESSES |
STRENGTHS |
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1. |
Low-intensive production specialisation in sophisticated products with a high technological content |
1. |
Strong economic dynamism 1995-2008, particularly in market services. Tradition of adaptation to change |
2. |
Productivity problems in terms of levels and rates of improvement: loss of external competitiveness |
2. |
Great industrial tradition: consolidated Valencian industrial fabric, clusters |
3. |
Labour-intensive industry and low and medium technological level: de-industrialisation |
3. |
Powerful tourism sector: quality and diversity of tourist products |
4. |
Strong sensitivity to the economic cycle (consumption, tourism, construction...): consequences on unemployment |
4. |
Strong business dynamism with experience in foreign markets (diversification) |
5. |
Tourism: high national dependency and llow average expenditure per tourist |
5. |
Existence of a business base in high and medium-high technology sectors |
6. |
Shortage of large companies. Consequences: difficulties in accessing global markets, export, innovation, financing |
6. |
Increasing the level of education of entrepreneurs: high level of training for managers |
7. |
Low use of human capital, high over-qualification and low level of expenditure on R&I |
7. |
Existence of highly productive companies in practically all sectors |
8. |
Low level of R&I expenditure compared to more advanced regions |
8. |
Wide network of R&D centres: technological institutes, research centres and science parks |
9. |
Insufficient entrepreneurial vocations with scientific and technical training |
9. |
Abundant supply of human capital |
10. |
Difficulties in accessing new markets: loss of market share inside and outside Spain |
10. |
Presence of higher education institutions with growing sensitivity to the impact of their teaching, research and territorial dynamization activities |
11. |
Low allocations of productive capital per worker: excess of real estate investment |
11. |
The territory is structured along two types of logistics axes: north-south and inland coastal |
12. |
Low number of logistical infrastructures per inhabitant and GDP: need for the Mediterranean Corridor |
12. |
Intermodal logistics capacity: road, rail, maritime and airport |
13. |
Strong indebtedness of the Valencian public sector: little credit to the private sector and liquidity problems |
13. |
Existence of regional policies for environmental sustainability: soil, water, energy and biodiversity |
14. |
Strong growth in greenhouse gas emissions: oil dependence and low use of renewable energy |
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THREATS |
OPPORTUNITIES |
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1. |
Stagnant improvement in regional GDP per capita, a driver of smart specialisation |
1. |
Large urban areas on a European scale: Valencia-Castellón and Alicante-Elche (advanced services, smart cities) |
2. |
Spanish regional financing system that does not facilitate stimulating the knowledge economy |
2. |
Knowledge-intensive industry and services as new drivers of the economy: harnessing existing capacity. Deepening the University/company/ R&D centres relationship |
3. |
Credit and liquidity restrictions on companies and institutions that do not allow R&I financing |
3. |
Incorporation of new technologies in mature and strong sectors: I+I under contract |
4. |
Economy exposed to the cycle and competition from emerging countries with rapid productivity gains |
4. |
Exploitation of new horizontal technologies by concentration of activity in industrial districts |
5. |
Increasing difficulty in competing in activities based on cost advantage: risk of offshoring |
5. |
Growth potential of national and international tourism: AVE, airports and maritime connections |
6. |
New low-cost international tourist destinations are emerging |
6. |
Mediterranean Corridor: Comunitat Valenciana as a logistics centre |
7. |
Prospects for weak growth of traditional activities due to their low technological content |
7. |
Structuring of the joint offer of institutes and technology centres, science and business parks oriented to industry and advanced tertiary |
8. |
Limited productive and commercial expansion of companies due to their small size and low cooperation |
8. |
Incorporation of R&D&I and human capital into the business fabric: productivity improvements |
9. |
Strong emigration of excellent human capital: brain drain and low returns |
9. |
Promotion of large companies (Ford, Mercadona...) on the size, professionalism and commercial and export capabilities of Valencian SMEs |
10. |
Recycling problems of unskilled labour from declining branches: construction, etc. |
10. |
Campus of international excellence: promotion of the university system, attraction of talent and market orientation |
11. |
Difficulty attracting foreign investment (more competition) |
11. |
Environment: key factor for the generation of new activities with high added value |
12. |
Difficult absorption of the installed overcapacity: warehouses, offices, plants, factories, infrastructures, logistics... |
12. |
Technologies with industrial development potential in agri-food, energy (renewable) and water, habitat, clothing, logistics, home automation, health and quality of life |
13. |
Excessive energy consumption, over-exploitation of the territory, fires, erosion, emissions, biodiversity... |
13. |
Attracting foreign investment to strategic sectors |