The Competitiveness of Nations: Why Some Countries Prosper While Others Fall Behind

Why do some countries perform much better than other countries? This paper outlines a synthetic framework, based on Schumpeterian logic, for analyzing this question. Four different aspects of competitiveness are identified: technology, capacity, demand, and price. The contribution of the paper is pa...

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Bibliographic Details
Published in:World development 2007-10, Vol.35 (10), p.1595-1620
Main Authors: Fagerberg, Jan, Srholec, Martin, Knell, Mark
Format: Article
Language:English
Subjects:
Africa
Asia
Asian tigers
Capacity
Competition
Competitiveness
Demand
development
Economic Development
Economic growth
Economic performance
Economic sociology
Economic theory
Innovation
Prices
Social norms
Socioeconomic development
Studies
Sub-Saharan Africa
Sustainable development
Technology
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Summary:Why do some countries perform much better than other countries? This paper outlines a synthetic framework, based on Schumpeterian logic, for analyzing this question. Four different aspects of competitiveness are identified: technology, capacity, demand, and price. The contribution of the paper is particularly to highlight the three first aspects, which often tend to be ignored due to measurement problems. The empirical analysis, based on a sample of 90 countries on different levels of development during 1980–2002, demonstrated the relevance of technology, capacity, and demand competitiveness for growth and development. Price competitiveness seems generally to be of lesser importance.
ISSN:0305-750X
1873-5991
DOI:10.1016/j.worlddev.2007.01.004