The success of an economy to adapt quickly, flexibly, and
effectively to the demands of the changing international economic
environment can only be investigated using the achievements of
other national economies or regions as a benchmark. This book
analyzes the fundamental factors of competitiveness, which will, in
turn, facilitate economic development and growth, in the new
post-crisis environment. In the economic, social, legal, and
technological environment that has emerged in recent years, as well
as in the period after the recent financial crisis, it is critical
to define, assess, and implement new pathways to competitiveness
and economic development. The book covers all aspects of
competitiveness and economic growth, from financial intermediaries
to tourism and the digital economy, and from regulation and
corporate governance to exchange rate dynamics and monetary policy
issues. It uses empirical findings from a variety of different
countries with divergent economic structures and policies. It
examines the new system of production, and the technological,
commercial, financial and institutional environment, with the aim
of recommending a proportional division of benefits and costs of
economic growth. It offers a fresh, holistic, and flexible concept
to underscore the new relationship between competitiveness and
economic growth. Such an approach is needed, whereby
competitiveness is no longer a zero-sum game between countries, but
is achievable for all countries. The book recommends future
directions and offers policy solutions, and as such, will appeal to
students, researchers, and policymakers, as well as those
interested in the role of competitiveness in the operation of
markets, productivity, and economic development, and how it might
foster innovation and growth.
General
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