COMPETITIVENESS OF REGIONS AND COUNTRIES

Competitiveness of regions and countries

Competitiveness of regions and countries

Introduction

Competitiveness is considered to be at peak of different political/economic agenda throughout the world. While the principles of financial publications and the attractiveness of the concept of the national financial competitiveness are unclear, it is surrounded by continued criticism. It needs to be clear that early analysis of competitiveness by experts like Michael Porter is very important. In the year 1990, he said: 'We should leave a "competitive nation" as a very important period of financial prosperity of the whole concept' (Cooke, 1998, 19).

Although the idea of enterprise is a relatively clear idea of the competitiveness, still it is surrounded by number of problems. Experts say that the concept of competitiveness among nations in the market's competition for the business process is not only based on incorrect assumptions, but also dangerous: it may lead to incorrect asset share, and even construction of protectionism is considered incorrect by the experts. The international trade is not a game economy, but in competitiveness of economy the developed countries are important for trade and are major suppliers of goods. These things have crucial significance, such as trade conflicts, implementation of the principle of competitiveness and inefficient investment.

Measurement of National Economic competitiveness

Competitiveness is actually characterized in distinct but nonetheless very alike modes by a kind of organizations engaged in producing worldwide assessments of competitiveness. The World Economic Forum, the national financial competitiveness 'organization, principles, and components, develop a country's productivity level set. Here, people can catch a glimpse of Michael Porter's model. For him, the housing boom and the main determinant of the measures - which remain the highest of any financial goal - will not be told of the "competitiveness", but productivity 'amorphous idea. This requires that the national financial competitiveness of the natural environment and help on to obtain the right to share assets of the company's success. The OECD agrees to this and stresses that the concept of productivity is the key consideration, and the country's competitiveness is a more general concept (Soederberg, 2004, 189).

According to experts, nationwide financial competitiveness is 'How within the organization, its assets and capabilities to improve the overall prosperity of its people'. This division is only mentioned regarding decreasing productivity in a subtle way. It claims that the idea of prosperity, as of the above mentioned, the value and benefits of the plan, the financial industry, wealth, prosperity and the characteristics of statistical in addition to financial development as something else. This is the value of life, the natural protection of the environment, protection of human, equitable coverage, and so on. Thus, the practical to provide an accurate and widely recognized definition of prosperity is 'the highest national goal of financial competitiveness'.

World Economic Forum and the International Institute for Management Development's intention are to assess the two most important national financial competitive global indicators. World Economic Forum since 1979 has released its Global Competitiveness Report, and in 2008 to commemorate the IMD ...