Peter Mooslechner and Doris Ritzberger-Grünwald
Challenges and Prospects
Edited by Klaus Liebscher, Josef Christl, Peter Mooslechner and Doris Ritzberger-Grünwald
Marek Belka, Ewald Nowotny, Doris Ritzberger-Grünwald and Pawel Samecki
Doris Ritzberger-Grünwald, Maria Silgoner and Klaus Vondra
Traditionally the assessment of the competitiveness position of a country focuses on price and cost measures and on goods exports. However, in the last two decades globalization has changed the production processes fundamentally. Hence, these traditional indicators and rankings deliver only an incomplete explanation for the export success of countries. Based on the example of Austria, a small open economy, the authors show that these changing trade patterns require new competitiveness indicators, accounting for the growing importance of global value chains, services exports and non-price factors of competitiveness.