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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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Postscript

This study was originally written as the financial crisis broke, and did not take the consequences of the crisis into account for competitiveness policy. Now that the crisis has come and is starting to go, its impact on Asian competitiveness remains to be analysed. We argued at the start that there is no clear connection between the crisis and competitiveness – there is no evidence that competitiveness was eroding before the crisis and precipitated it.

English

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