The concept of international competitiveness has two components. The first one addresses the issue of costs. If costs in a given country are low, then the country can export goods -cost competitiveness. If, however, country can export goods due to the image of its products have or due to their high quality and/ or technological or market specifics (even if these products are not cheaper than the rival goods), then we talk about non-price or qualitative competitiveness.
For countries in transition, unit labor costs are still significantly lower than in industrialized countries and a cheap labor force therefore continues to represent for them an important comparative advantage.
Comparative advantage in countries in transition is biased towards resource and labor intensive industries in virtually all transition economies, while there is a strong disadvantage in high-tech sectors and a mild disadvantage in agriculture and heavy industries.
I do not think you will get a simple answer. The answer is very complex and you may need a strong strategic plan that is supported by all relevant antional groups.
You will find relevant insights from the literature on middle-income traps. The (very) recent literature on Technology Upgrading (see Radosevic & Yoruk, 2016) may also shed some light on your topic of interest.
Economic freedom matters, e.g. for small and medium enterprises (SME); any national business strategy can only be country specific, because the import-export-balance of products/services varies, in physical and human terms.
hello,
i think the following articles can be helpful
Lall, S. (2001). Competitiveness indices and developing countries: an economic evaluation of the global competitiveness report. World development, 29(9), 1501-1525.
Frieden, J. A., & Rogowski, R. (1996). The impact of the international economy on national policies: An analytical overview. Internationalization and domestic politics, 25-47.
Freeman, C. (2004). Technological infrastructure and international competitiveness. Industrial and Corporate Change, 13(3), 541-569.
Windrum, P., & Tomlinson, M. (1999). Knowledge-intensive services and international competitiveness: a four country comparison. Technology Analysis & Strategic Management, 11(3), 391-408.
Halkos, G. E., & Tzeremes, N. G. (2007). International competitiveness in the ICT industry: Evaluating the performance of the top 50 companies. Global Economic Review, 36(2), 167-182.
Cho, D. S. (1994). A dynamic approach to international competitiveness: The case of Korea. Asia pacific business review, 1(1), 17-36.
The ability to innovate, adapt and employs new advance technologies becomes a key element of industrial competitiveness any national economy by accompanying with new forms of investment and models of an industrial organization. On of the motive for a company to be actively involved in an international game is to be relied on increasingly complex technologies and production system.
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