Investor Presentaiton
What Determines Competitiveness?
Microeconomic Competitiveness
Quality of the
Business
Environment
State of Cluster
Development
Sophistication
of Company
Operations and
Strategy
Macroeconomic Competitiveness
Sound Monetary
and Fiscal Policies
Human Development
and Effective
Political Institutions
Endowments
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Productivity ultimately depends on improving the microeconomic capability of the economy and the
sophistication of local competition revealed at the level of regions and clusters
Macroeconomic competitiveness sets the economy-wide context for high productivity to emerge, but is
not sufficient to achieve this outcome
Endowments, i.e. natural resources, geographical location, and size, create a foundation for
prosperity, but true prosperity is created by productivity in the use of endowmentsView entire presentation