Authors:

  • Michael Porter
  • Christian Ketels

Excerpt

The Determinants of National Competitiveness. Michael Porter, Christian Ketels, July 1, 2012, Paper. "We define foundational competitiveness as the expected level of output per working-age individual that is supported by the overall quality of a country as a place to do business. The focus on output per potential worker, a broader measure of national productivity than output per current worker, reflects the dual role of workforce participation and output per worker in determining a nation's standard of living. Our framework highlights three broad and interrelated drivers of foundational competitiveness: social infrastructure and political institutions, monetary and fiscal policy, and the microeconomic environment..." Link