Active bipartite co-operation between management and workers'representatives and wider tripartite co-operation with the government in accordance with national practice. 4.2.2. Realistic assessment of workers' labour market opportunities and adjustment assistance needs. 4.2.3. Use of external specialists in the case of large-scale layoffs. 4.2.4. Programmes that are of sufficient duration to provide real support while also discouraging complacency. 4.2.5. Complementary support via income-replacement benefits. 4.3. Employment protection policies that achieve a balance between lessening adjustment costs and not restricting business dynamism. 4.4. Flexible wage-setting systems, pension portability and fluid housing markets. 4.5. Education and training systems that foster the development of human capital and help ensure that labour skills meet evolving labour market needs. 5. Foster a sound regulatory and competition environment which permits transformation within firms as well as entry and exit across sectors by facilitating mergers and shifts in corporate culture, keeping regulatory barriers on enterprises to the necessary minimum and reducing the trade-distortive effects of domestic regulation through the reinforcement of: 5.1. Transparency. 5.2. Non-discrimination. 5.3. Avoidance of unnecessary trade restrictiveness.
International harmonisation of standards.5.5. Streamlined conformity assessment.
Vigorous application of competition principles.6. Foster a strong institutional and governance framework that will favour structural reform, while also enhancing public understanding and acceptance of reform measures, via:6.1. Effective ex ante policy evaluation, including analysis of whether proposed structural reform is in the overall interests of the community.6.2. Independent review processes to ensure that benefits will outweigh costs while avoiding conflicts of interest.6.3. Mid-term and ex post evaluation to help ensure that policies will be modified if necessary in light of actual experience as well as unanticipated difficulties.6.4. Effective social dialogue based on a well-functioning consultative process between the government and the public, including the private business sector.6.5. Sound public institutions for managing the services and incentives provided to investors, importers and exporters.