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Dimensions of Competitiveness

Online ISBN:
9780262289320
Print ISBN:
9780262013963
Publisher:
The MIT Press
Book

Dimensions of Competitiveness

Paul De Grauwe (ed.)
Paul De Grauwe
(ed.)
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Published online:
22 August 2013
Published in print:
23 July 2010
Online ISBN:
9780262289320
Print ISBN:
9780262013963
Publisher:
The MIT Press

Abstract

Competitiveness among nations is often approached as if it were a sports competition: Some countries win medals, others lose out. This view of countries fighting it out in the economic arena is especially popular in business circles and among politicians. Economists, however, take a very different approach to international economic relations, arguing that international trade leads not to winners and losers but to win–win situations in which all countries profit. This book takes on the sometimes-derided concept of competitiveness, demonstrating the value of systematic analysis in an area too often dominated by special interest groups who use (and abuse) the concept to advance hidden agendas. The chapters range from broad theoretical views to case studies, examining the multiple factors that drive competitiveness. Contributors consider the conceptual framework underlying the World Economic Forum’s approach to competitiveness; differences in per capita gross domestice product between the United States and the European Union; an integrated approach to measuring competitiveness and comparative advantage; divergent trends in price and cost competitiveness in the euro area; methodological issues in constructing competitiveness indicators; taxation and international competitiveness; and a case study of Mexico’s competitiveness in world markets in comparison to China’s.

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