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Dimensions of Competitiveness$
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Paul De Grauwe

Print publication date: 2010

Print ISBN-13: 9780262013963

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262013963.001.0001

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PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 13 June 2021

The Economics behind the World Economic Forum’s Global Competitiveness Index

The Economics behind the World Economic Forum’s Global Competitiveness Index

Chapter:
(p.1) 1. The Economics behind the World Economic Forum’s Global Competitiveness Index
Source:
Dimensions of Competitiveness
Author(s):

Xavier Sala-i-Martin

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262013963.003.0001

This chapter analyzes the conceptual framework underlying the concept of competitiveness used by the World Economic Forum, and identifies the conditions in which countries can achieve and maintain sustainable levels of productivity growth. Competitiveness is defined as the set of institutions, policies, and factors that determine the level of productivity of a country, which, in turn, sets the sustainable level of prosperity that can be earned by an economy. This definition of competitiveness contrasts with a flawed, but popular, one that sees competitiveness of a nation as a zero-sum game in which one country’s gain is another’s loss.

Keywords:   World Economic Forum, competitiveness, productivity growth

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