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Competitiveness

Competitiveness

  • ​​​​Competitiveness is one of the most important factors that help the success of any country's economy, and increasing its commercial benefits and interests, as these countries work to create a competitive economic environment, which is composed of set of integrated factors, including macroeconomic, microeconomic, business, and society as a whole.
  • Competitiveness does not have a particular concept, while being interpreted by Professor Michael Porter that it is the production capacity in which the nation use its natural, human and economic resources, which sets the standard of the living of certain people, it is interpreted by the World Economic Forum as a set of factors that enable the national economy of any country to achieve sustainable economic growth , and sustainable prosperity.
  • Competitiveness has a social view as well, in Abu Dhabi Economic Vision 2030, competitiveness has been interpreted as creating a sustainable varied environment enables the emirate companies and people to achieve their full productivity potential.
  • ​In recent years, competitiveness has become the leading idea in the economic development for any country in the world, for its impact not only on the economy of nations, but its prosperity and well-being of its people as well, where studies show that the most competitive economy achieves higher levels of income for citizens.

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