Competitiveness in business essay

Traditional barriers have begun to fall, new-sophisticated competitors have emerged, and global rivalry increased. There are many examples around the world where the traditional sources of comparative advantage are less valuable than initially perceived for the development of a strong, competitive economy. The new type of development is one that involves the whole market and all institutions in the economy. Productivity is that component which creates a competitive advantage rather than a comparative advantage; the latter only addresses only the supply side of the market system and ignores demand, historical chance and the role of government.

Competitiveness in business essay

Get Full Essay Get access to this section to get all help you need with your essay and Competitiveness in business essay issues. Both strategies encourage the European Union countries to be competitive and to maintain the sustainable development in order to prosper in the dynamic knowledge-based economy.

However, a question arises, how these two concepts interrelate and help a nation to create harmonious and balanced development.

Competitiveness in business essay

It should be noted that, for the developing countries, GDP growth should be maintained to improve the sustainability. However, GDP growth cannot be assured for the infinity, because when the country reaches a high level of welfare its growth rate usually decreases, though the same high level of competitiveness and sustainable development is maintained at a slower but constant rate.

Various rankings do not necessarily give the full view of the economic situation. O 01, O Before the Lisbon Strategy had even reached the halfway, open discussions were initiated in which Thee Analysis of the Relationship Between the Sustainable Development and Competitiveness in the European Countries it was stated that despite many clearly defined ambitious goals and policies the main aim had not been achieved Kellermann C.

The Lisbon decade ended with the financial crisis and recession. Both strategies encourage the European Union countries to be competitive and to maintain sustainable development.

The aim of this article is to check if a high rank obtained based on one conception leads to the same results as those obtained with another. The pilot analysis is based on recent data including the Eurostat sustainable development indicators and the information from the World Competitiveness Report.

The paper has the following structure. Section 2 addresses some important theoretical issues of both concepts considered. Sections 3 and 4 provide a comparative analysis and describe the main findings of the research. The last section summarizes the results, providing the concluding remarks and possible benchmarks for future research.

The key points of the concept of sustainable development The concept of sustainable development has been used for more than 30 years. The growing tension between the development and nature and the increasing gap between the developed and developing world have suggested the main assumption for creating a complex theory.

Since then, the world has recognized new challenges and responsibilities for changing the climate and diminishing natural resources. The idea has passed from academic and environmental activists to political handling.

This term, reflecting a holistic thinking, is now recognized to be the key expression. The next two core events in the evolution of sustainable development occurred at the UN Conference of Environment and Development and at the World Summit on Sustainable Development.

Hence, a lot of studies have been based on the new philosophy in political and academic world. However, there were many critics alleging that to develop and sustain at the same time is an oxymoron.

An overview of the evolution of the competitiveness concept Another vast concept, included in the present research, is the theory of competitiveness. This theory originated with the ideas of Mercantilism in the centuries.

According to mercantilists, national competitiveness is linked with international trade, promoting export and preventing import, thereby the countries can increase their gold and silver resources.

A classical economist A. Based on it, the range of goods and services could be determined for export or import. Ricardo expanded this theory, adding a new term of comparative advantage.

In the 20th century, Swedish economists, Eli Heckcher and Bertil Ohlin, pointed out that a country should export products requiring the use of resources which are abundant in it.

There are many other economists making their research on regions, nations or industry or firm competitiveness. The most famous is M.

Rojaka pointed out that M. Other authors estimate competitiveness choosing different methods Thee Analysis of the Relationship Between the Sustainable Development and Competitiveness in the European Countries Onsel et al.

Both concepts widely encompass a number of scientific theories and strongly affect the performing of the political strategies. Neither concept can offer an optimal formula and a simple path, leading countries to harmonious development. In similar manner Ulengin et al.

Actual data analysis 3.Global Competitiveness Index Essay The Global Competitiveness Index (GCI) is an aggregate measure of the set of critical factors that, as a group, determine the degree to which countries are expected to achieve levels of economic prosperity in the short and medium term.

Rws & Mbs Competitiveness Essay Sample. 1. Introduction. This research is about the degree of competiveness of casino between both casinos in Singapore.

Nov 19,  · Strategic Management and Strategic Competitiveness essay.

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Business value of Walmart is also among the highest in the world, and its impact on local businesses in the regions where Walmart operates is very significant. Walmart was created in , incorporated in and became a public company in (Walmart, ).

5/5(1). business competitiveness Essay by sweetlin, University, Bachelor's, B+, May download word file, 3 pages download word file, 3 pages 0 votes.

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Sustainable Development and Competitiveness in the European Countries Essay Sample. Vilnius Gediminas Technical University, LT Vilnius, Sauletekio, 11, E-mail: [email protected] Abstract. Taking into account the current financial crisis, the European Commission has launched the new strategy “Europe ,” released as the follow up to the Lisbon strategy.

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