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    Competitiveness

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    jeet_singh_deep
    GCSA

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    Competitiveness

    Uploaded by

    jeet_singh_deep
    24 views27 pages
    GCSA

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    GCSA

    Copyright:

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    Download as ppt, pdf, or txt
    24 views27 pages

    Competitiveness

    Uploaded by

    jeet_singh_deep
    GCSA

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
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    Competitiveness

    Defining Competitiveness
    Competitiveness has relevance at different levels and achieving global competitiveness at any level often requires synergistic linkages with other levels. Competitiveness can be defined at three levels: Nation, Industry/Sector and Company. Functional definitions of competitiveness at three levels are as follows: Country Competitiveness: extent to which a national environment is conducive or detrimental to business. Industry Competitiveness: extent to which an industry return on investment. The concept can also be defined as the collective ability of firms in the sector to compete internationally. Company Competitiveness: ability to design, produce and or market products or services superior to those offered by competitors, considering the price and non-price qualities.

    According to The World Economic Forum COMPETITIVENESS is defined as that collection of factors, policies and institutions which determine the level of productivity of a country and that, therefore, determine the level of prosperity that can be attained by an economy.

    PRODUCTIVITY is also a the key driver of the rates of return on investment, which, in turn, determine the aggregate growth rates of the economy. Thus, a more competitive economy is one that is likely to grow faster over the medium to long term.

    The Growth Competitiveness Index GCI


    Brings together a number of complementary concepts aimed at providing a quantified framework for measuring competitiveness In formulating the range of factors that go into explaining the evolution of growth in the country. It identifies three pillars:
    The quality of economic environment The state of the countrys public institutions The level of technical readiness.
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    The Global Competitiveness Index Global CI


    Policies & institutions underpinning economic growth Is built around 9 pillars, each of which is critical to deriving productivity and competitiveness in national economies.

    1. Institutions (The
    quality of a countrys public & private institutions constitutes the framework within which the economys main players interact).

    2.

    Infrastructure (the existence of high quality infrastructure is critical for ensuring the efficient functioning of the economy )

    3. Macroeconomy (macroeconomic stability has come to be accepted as essential ingredient of sustainable growth)

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    4. Health and primary education

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    5.Higher education and training (the quality & quantity of higher education provided within an economy are critical for competitiveness, for preparing qualified staff for more complex roles in areas such as production, marketing, management, and R&D.)

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    6. Market efficiency

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    7. Technological readiness

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    8. Business sophistication

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    9. Innovation

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    The Business Competitiveness Index BCI


    Building the microeconomic foundations of prosperity

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