Components of Competitiveness

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Science  15 Jul 1988:
Vol. 241, Issue 4863, pp. 308-313
DOI: 10.1126/science.241.4863.308


There are various ways of looking at economic competitiveness. Some of the popular conceptions of America's relative position are clarified by examining the concept in terms of wage cost, productivity, profit margins, and exchange rates. A quantitative approach is laid out and examined in relation to similar measures for other countries. Also some relationships between competitiveness and the external deficit on current account for the United States are analyzed.