Question

Explain theory of global competitiveness alignment

Answer 1

The Global Competitiveness Report (GCR) is a yearly report published by the World Economic Forum. ... Therefore, the Global Competitiveness Index measures the set of institutions, policies, and factors that set the sustainable current and medium-term levels of economic prosperity."

Answer 2

Global competitiveness is a multidimensional concept and has various definitions.

Thus, according to Rapkin, competitiveness is a federal and business idea that influence the army, administrative and scientific potential of the nation and is an essential constituent in the corresponding position of the nation in the international political economy.

The competitiveness of the political economy is its concentrated formulation of financial, experimental, technological, organizational, managerial, purchasing and other abilities. This concept incorporates the capacity of a nation to produce high rates of industrial growth, guarantee a constant improvement in real wages, development of private firms on the business market.

In this view, marketplaces that are more ambitious tend to be able to provide greater levels of income for their residents, thus achieve a greater level of the essence of life. In other words, competitiveness can be explained as the capacity of an economy to conceive, nurture and sell assets and assist in the global economy.