Ch.13 notes - Ch 13 National Competitiveness*What is...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Ch. 13 National Competitiveness *What is competitiveness?-competitiveness is based on productivity, how a nation uses its human, capital & natural resources-productivity sets a nation’s or region’s standard of living -nations compete in offerin the most productive environment for business-the public & private sectors play different but interrelated roles in creating a productive economy *What Determines Productivity?-productivity depends both on the value of goods & services (e.g. uniqueness, quality) & the efficiency with which they are produced-in what industries a nation competes doesn’t matter, but how firms compete in those industries-productivity reflects what both domestic & foreign firms choose to do in a nation. The location of ownership is secondary for national prosperity- the productivity of “local” industries is of fundamental importance to competitiveness, not just that of traded industries -devaluation does not make a country more competitive *Thailand’s Competitiveness...
View Full Document

This note was uploaded on 11/05/2008 for the course CBA 300 taught by Professor Horne during the Fall '08 term at CSU Long Beach.

Page1 / 2

Ch.13 notes - Ch 13 National Competitiveness*What is...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online