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Promoting Industrial Competitiveness in Developing Countries

Lessons from Asia

image of Promoting Industrial Competitiveness in Developing Countries

As developing countries have started to open up their economies, concern about competitiveness has spread to their policy makers. Their relative competitiveness as production and investment sites has become a prime focus of development policy. They are, moreover, faced with a world in which the main determinants of competitiveness are changing rapidly. Competition has intensified due to rapidly falling transport and communication costs, and the performance of economies, industries and firms is constantly compared and benchmarked across nations. So are determinants of competitiveness. These and related issues are analysed in detail in this report. It describes the microfoundations of competitiveness and enterprise, and translates the lessons to the national level.

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Competitive Success in Asia: Indicators and Determinants

There is, as noted earlier, no unambiguous comparative measure of national competitiveness. Of the possible measures, manufactured export data have the advantage that they are relatively easy to calculate, indicate prima facie international efficiency, and show structural trends. However, they may not be a good indicator of competence in large economies that have large non-exporting sectors, or where incentives discriminate in favour of domestic markets.

English

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