Economic Reforms For Global Competitiveness

Reforms are a necessary part of social and economic regulation. Each year, political pressure for economic reform becomes more prevalent, especially from various international organizations and business associations. Economic Reforms for Global Competitiveness is an essential reference source for the latest scholarly research on important factors of modern countries’ social and economic dynamics. Featuring coverage on a broad range of topics such as human capital, project management, and fiscal reforms, this book is ideally designed for academicians, researchers, and students seeking the latest material on the role and impact of economic reforms.

How a country competes in the world is the crucial factor in determining that country's ability to benefit from international trade in today's global economy. This book offers a complete and proper understanding of the meaning of international competitiveness, analyzes the implications it holds for an economy's progress, examines how it may be pursued and sustained at both the sectoral level (firms and industries) and the national level (strategic objectives). The author offers pertinent policy guidelines and prescriptions for how a nation can achieve and maintain international competitiveness in order to sustain the long-term prosperity of its industries, and hence the overall pace of economic growth. The book is arranged into three parts. Part I discusses and defines the theories of international competitiveness. Part II deals with policy issues, specifically the policy analysis of structural reforms for promoting a country's ability to compete, the impact of globalization and the role of Communication and Information Technology (CIT), strategic trade policies, and environmental issues. Part III analyzes the strategies used to pursue competitiveness. The book will be useful for researchers, students, and teachers of business and economics as well as policy makers, business practitioners, and international and governmental agencies.

Competition, competitiveness, innovation and growth are inherently linked. This book covers the main ideas underlying competitiveness and its applications, drawing lessons for developing economies and relevant policy recommendations.

Globalisation can be described as the combined influences of trade liberalisation, market integration, international finance and investment, technological change, the increasing distribution of production across national boundaries and the emergence of new structures of global governance. The global market place equipped with the application of global communications has become the focus of the global business arena that makes the world markets remain open and involved in the fair competitive practices. Supporters of globalisation concepts also argue that allowing free trade and capital movement would also favour workers to move from one country to another, partly to find better employment opportunities. New growth-trade theories have emphasised the contribution of international trade to economic growth through its effect on capital accumulation. Free trade leaders to specialisation, contributes to the total factor productivity and offers comparative advantages for the other countries. However, free trade generates neck-to-neck competition among countries for economic sustainability and to equip essentially for competing against the best trade in the world. This book delineates economic and political factors along with the technological perspectives thereof towards the export growth and competitiveness among developing countries and analyses trade competitiveness in view of the economic reforms and trade liberalisation.

In today's world economy, a nation's standard of living is increasingly influenced by the competitiveness of its industries and firms. This is especially true in Latin America, where economic reforms have created new opportunities and challenges. Based on a comprehensive two-year study, Venezuela: The Challenge of Competitiveness represents a first-of-its-kind analysis of the competitiveness of the economy and industries of a developing nation. The authors also provide valuable recommendations on actions that firms and government can take to improve the nation's overall economic performance. The study's methods, conclusions, and recommendations will be of direct interest for those interested in industrial competitiveness, economic reform, and Latin America.