Essay About International Competitiveness

Colombia’s International Competitiveness
Thanks to the market economy countries have had to adapt to compete internationally and ensure that their products are positioned in foreign markets, in order to this to happen countries have to improve and adjust their economic policies and social order to exploit its comparative advantages; due regional and multilateral agreements that increase trade, it is imperatively important to have advanced systems and competitiveness changing to harness their resources more optimally and be internationally competitive. Despite the efforts being made, Colombia has not presented significant advances in competitiveness. The latest international rankings show that instead of moving forward we are diminishing, this

How can you measure the international competitiveness? How is Colombia in terms of international competitiveness? Secondly, What are the most important factors that have to be approached for the government to improve the international competitiveness? International Competitiveness is defined as “the degree to which a country can, under free and fair market conditions, meet the test of international markets, while simultaneously maintaining and expanding the real incomes of its citizens .” It is a generally concept in which competitiveness is measured compared with other countries; but also takes into account that the following definition of International competitiveness "refers to the measure of a country 's advantage or disadvantage in selling its products in international markets .” In this definition of International Competitiveness the country focuses on supporting and increasing the real incomes of its citizens. You could say that the two definitions are correct, that the first one is how competitiveness is measured and how to meet the test of international markets, and the second is a definition that has to do with the resources that the country has and how those resources add value

Colombia in the Competitiveness Report Global , Ranked 69 out of 144 states studied for the period 2013 - 2014 (newly published report), in the earlier period, 2012 - 2013, occupied the same position, and for the period 2011 -2012 was ranked 68, which means that instead of improving on have been declining competitiveness, the ideal would be that every year the country escalate positions. However, it might be that the 69th among 144 is not as bad, but if we compare it against Latin America and the Caribbean, we are by under Peru (61), Mexico (55), Brazil (56), Panama (40), Costa Rica (54) and better positioned Chile (34) 5. All these countries have climbed positions ranking, but Colombia remained and has even regressed a position with these perfectly indicators the country could be losing foreign investment