We summarise the debate regarding the comparative versus competitive advantage dilemma and then focus on the vexed question regarding the relation between growth, competitiveness and real exchange rates and the choice of suitable indicators. Indicators such as debt and unemployment offer a measure of competitiveness which is different from standard composite indicators and which is not based on arbitrary weighting schemes. Common statistical data on debt and unemployment offer an unambiguous base for assessing the position of the economy in countries trapped in a debt crisis, such those of the EU.
|Titolo:||Problems of competitiveness of national economies after the great recession|
|Data di pubblicazione:||2012|
|Appare nelle tipologie:||2.1 Articolo su rivista |
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