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What Is Competitiveness?
The concept of competitiveness is gaining importance and has become apart of discussion in worldwide forums in this era of globalization. Improvement in competitiveness of economies has become a dire need of the day. This raises a question what is competitiveness? The world economic forum defines competitiveness in their report," competitiveness as the set of institutions, policies, and factors that determine the level of productivity of a country”. And the level of productivity is the level of prosperity that can be earned by economy. (Global Competitveness Report, 2008-09) This means economies with more productivity earn more and vice versa...
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