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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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What Determines Competitiveness?

The analysis of national competitiveness must be based upon sound micro foundations – the process by which competitiveness is acquired by individual firms. In conventional neoclassical approaches, this process is largely assumed away. In textbook models of trade and development technology is supposed to be freely available from a known ‘shelf’ on which all firms have full information.

English

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