Develop economic policies

Develop strategies for economic stability and growth in an organisation, nation, or internationally, and for the improvement of trade practices and financial procedures.

prepare economic policies
evaluate economic policies
prepare economic strategies
establish economic policies
evaluate economic strategies
establish economic strategies
produce economic policies
produce economic strategies

skill/competence

cross-sector

Develop economic policies is an essential skill of the following occupations:

Economic policy officer: Economic policy officers develop economic strategies. They monitor aspects of economics such as competitiveness, innovation and trade. Economic policy officers contribute to the development of economic policies, projects and programs. They research, analyse and assess public policy problems and recommend appropriate actions.
Economic development coordinator: Economic development coordinators outline and implement policies for the improvement of a community’s, government’s or institution’s economic growth and stability. They research economic trends and coordinate cooperation between institutions working in economic development. They analyse potential economic risks and conflicts and develop plans to resolve them. Economic development coordinators advise on the economic sustainability of institutions and economic growth.

Develop economic policies is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.

Regional development policy officer: Regional development policy officers research, analyse and develop regional development policies. They implement policies that aim at reducing regional disparities by fostering economic activities in a region and structural changes such as supporting multi-level governance, rural development and improvement of infrastructure. They work closely with partners, external organisations or other stakeholders and provide them with regular updates.
Economist: Economists perform research and develop theories in the field of economics, whether for microeconomic or macroeconomic analysis. They study trends, analyse statistical data, and to some extent work with economic mathematical models in order to advise companies, governments, and related institutions. They advise on product feasibility, trend forecasts, emerging markets, tax policies, and consumer trends.
Special-interest groups’ official: Special-interest groups’ officials represent and act on behalf of special-interest groups such as trade unions, employer organisations, trade and industry associations, sports associations and humanitarian organisations. They develop policies and ensure their implementation. Special-interest groups’ officials speak for their members in negotiations about topics such as working conditions and safety.

References

1. Develop economic policies – ESCO