Chapter 11: The Competitiveness of Nations: Why Some Countries Prosper While Others Fall Behind
Why do the some countries perform much better than other countries? This paper outlines a synthetic framework, based on Schumpeterian logic, for analyzing this question. Four different aspects of competitiveness are identified: technology, capacity, demand and price. The contribution of the paper is particularly to highlight the three first aspects, which often tend to be ignored due to measurement problems.
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