“Competitiveness and its Essential Components”

Most people approach the issue of competitiveness by attempting to define what it is or what it should be. However, it is also interesting to approach the matter from a different angle by examining what factors are not essential in establishing a country’s competitiveness on world markets. While certain factors are certainly helpful for promoting competitiveness, they nonetheless should not be considered essential for a country to demonstrate competitiveness on world markets. Focusing on these factors can help explain what lies behind success in the globalized economy. Thus competitiveness is not dependent upon: