This preview has intentionally blurred sections. Sign up to view the full version.View Full 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.
- Fall '08