Competitiveness of Small Nations : What Matters?

This book, ''Competitiveness of Small Nations: What Matters?'' helps us to better understand the question Why do some small economies enjoy a higher level of national competitiveness and economic growth while other similar small economies lag far behind in their national competitiveness and growth performance? The book reports on a benchmarking study which looked at the level of competitiveness of selected economies with the aim of better understanding the factors that led to the wide disparity in the levels of competitiveness of economies which have similar economic structure but disparate levels of economic performance. The novelty of the book lies in its approach to the benchmarking method. It follows the MASI methodology of grouping countries based on their similarity and then identifying the most competitive country in that group a better basis for comparison when doing a benchmarking study. Unlike other studies which for the most part merely argue for a replication of competitiveness policies from other jurisdictions, this approach takes into consideration the countrys resource constraints and the limit to which it can implement competitiveness policies in order to improve its level of national competitiveness. Competitiveness of Small Nations provides a new perspective on how we should actually benchmark a nations level of competitiveness.