Competitiveness Unit

What is Competitiveness:

WEF: Institutes system, policy, factors which

productivity v / e country by.

Productivity determines:

  1. Prosperity level that a country can earn
  2. Standard of living that it can offer its citizens
  3. ‘Return on Investment’; This is the driver for more economichse productivity and growth

Definities van Competitiveness

  1. Productivity which countries their human, financial and natural resources; Michael Porter
  2. Set van Institutions, policy, factors that determine the level of productivity; World Economic Forum
  3. Creating / maintaining an environment that value addition for businesses and welfare for the population ensures; IMD

12 Pilaren van Competitiveness

Factor-driven Economies: basic requirements

  • Institutions
  • Infrastructure
  • Macroeconomic environment
  • Health and primary education

Efficiency-driven Economies: Efficiency enhancers

  • Higher education and training
  • Goods market efficiency
  • labor market efficiency
  • Financial market development
  • Technological development
  • Technological readiness
  • Market size

Innovation-driven Economies; Innovation and Sophistication factors

  • Business sophistication
  • Innovation

Belang van Competitiveness Enhancement

  • Encourage companies to concurende high quality products to deliver
  • To attract investment
  • A larger share of the world economy to get
  • More prosperity and welfare to generate
  • Higher standard of living for all citizens to offer

 

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