Competitiveness Definition

“Competitiveness is a field of economic theory, which analyses the facts and policies shaping the ability of a nation to create and maintain an environment that sustains increasing value creation for its enterprises and greater prosperity for its people” – IMD


“Competitiveness is defined as the set of institutions, policies and factors that determine the level of productivity of a country. The level of productivity, in turn, sets the sustainable level of prosperity that can be earned by an economy. Thus, more competitive economies tend to be able to produce higher levels of income for their citizens” – WEF


“The degree to which the region (nation) can produce goods and services which meet the test of international markets, out-performing others, while its citizens earn a standard of living that is both rising and sustainable over the long-run” – MPC

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Last Updated: 24 September 2019