Questions -
1. Paradoxically, the most enduring competitive advantages and disadvantages in a global economy increasingly lie in local things." Do you agree or disagree? Discuss.
2. "Along virtually all dimensions, competitiveness can be influenced markedly by purposeful action in both the public and the private sectors." Discuss.
3. How does the Global Competitiveness Index (GCI) seek to measure the competiveness of nations? What is the relative role of the public versus the private sectors in this measurement? Discuss.
4. "Complex arrays of national circumstances support high, sustainable and growing levels of productivity and competitiveness." Discuss in the context of the Global Competitiveness Index (GCI).
5. 'The GCI is intended to identify factors determining productivity, more specifically, it aims to measure the capacity of national economies to achieve high and sustainable levels of per capita GDP and growth in the medium term, after controlling for the current level of development." Explain and discuss.
6. "In the context of competitiveness, the optimal level of government expenditure and intervention in an economy is a difficult question." Explain and discuss.
7. "The determinants of competitiveness are the set of institutions, market structures, policies and regulations that support high levels of productivity and drive productivity growth and sustained increases in output." Discuss
8. An old cliché is "If you don't measure it, you probably aren't managing it." Explain and discuss if this applies to the issue of a nation's economic competitiveness.
9. "The "globalization paradox" is that the role of the home nation is stronger than ever in the modern age of increasing globalization". Explain and discuss.
10. "Productivity, innovation and knowledge, not low taxes, low government spending, low wages, abundant raw materials, or a devalued currency, are the means by which true competitiveness in the international economy is attained, and this creates issues for rich and poor countries alike" Explain and discuss.