The aim of this book is to consider theoretically the notion of the
global competitiveness of regions, as well as giving attention as
to how such competitiveness may be empirically measured. With this
in mind, the book has three specific objectives: first, to place
the concept of regional competitiveness within the context of
regional economic development theory; second, to present a
rationale and method for quantifying the global competitiveness of
regions; and, third, to undertake the most geographically
widespread analysis of regional competitiveness differences across
the globe. With regard to the third goal, the analysis incorporates
more than 500 regions across Europe, North and South America,
Asia-Pacific, the Middle East, and the so-called BRIC economies of
Brazil, Russia, India, and China. The importance of the concept of
competitiveness has increased rapidly in recent years, with the
issues surrounding it becoming, at the same time, more empirically
refined and theoretically complex. The focus on regions reflects
the growing consensus that they are the primary spatial units that
compete to attract investment, and it is at the regional level that
knowledge is circulated and transferred, resulting in
agglomerations, or clusters, of industrial and service sector
enterprises. This growing acknowledgement of the region's role as a
key spatial unit of organisation has led to attention turning to
competitiveness at a more regional level. The book explores the
results of the World Competitiveness Index of Regions (WCIR),
covering the rankings and results of the 2014 edition. The WCIR
provides a tool for analysing the development of a range of
regional economies across the globe. It enables an illustration of
the changing patterns of regional competitiveness on the
international stage to be generated. In fundamental terms, the WCIR
aims to produce an integrated and overall benchmark of the
knowledge capacity, capability, and sustainability of each region,
and the extent to which this knowledge is translated into economic
value and transferred into the wealth of the citizens of each
region.
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