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Frequently Asked Questions

In examining competitiveness, a distinction can be made between national competitiveness and competitiveness of enterprises. In this context the OECD defines competitiveness as the ability of companies, industries, countries and regions to generate relatively high factor income and employment levels while being and remaining exposed to international competition (As quoted in R.V. Goedegebuure, Internationalisation and Competitiveness, Rotterdam, 2000.).

Enterprise Level: Here, competitiveness is determined by the ability of the enterprise to combine technology, managerial entrepreneurship, employee skills, business organisation and software to service markets and interact with customers and suppliers. Success in maintaining and improving competitiveness at the firm level is measured by the firm’s profitability.

Country Level: The World Economic Forum defines competitiveness simply as the ability of a country to achieve sustained high rates of growth in GDP per capita. In other words, competitiveness is the degree to which a nation can, under free trade and fair market conditions, produce goods and services which meet the test of international markets, while simultaneously maintaining and expanding the real incomes of its people over the long-term (OECD).




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