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The U.S. Competitiveness: Definition, Factors, New Opportunities (Case of Shale Gas)
[Konkurenceschopnost USA: vymezení, faktory a nové příležitosti (případ břidlicového plynu)]

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  • Pavel Neumann

Abstract

Using the example of the USA, the article deals with the issue of competitiveness. It defines various approaches to this phenomenon and analyses its individual factors. Additionally, it focuses on the differences in the USA evaluation with regards to their competitiveness in "external" and "internal" dimension. Furthermore, the paper tries to asses the growing influence of the U.S. new production factor: shale gas utilization. The cheap gas could play an important role by cost reduction. Based on the Global Competitiveness Index the country competitiveness has decreased, e.g. measured by the export performance of knowledge-intensive branches. However, the new economic sources, such as shale gas, promise progress in the restoration and changes of production. Nevertheless, in author's opinion the general cost reduction of manufacturing production itself with utilizing shale gas is not sufficient. To achieve the real efficiency and competitiveness growth in the USA the positive cost effects need to be projected into the development of the knowledge-intensive branches as well as into their product export.

Suggested Citation

  • Pavel Neumann, 2014. "The U.S. Competitiveness: Definition, Factors, New Opportunities (Case of Shale Gas) [Konkurenceschopnost USA: vymezení, faktory a nové příležitosti (případ břidlicového plynu)]," Acta Oeconomica Pragensia, Prague University of Economics and Business, vol. 2014(6), pages 19-34.
    • Handle: RePEc:prg:jnlaop:v:2014:y:2014:i:6:id:456:p:19-34
    DOI: 10.18267/j.aop.456
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    References listed on IDEAS

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    1. Ivan Turok, 2004. "Cities, Regions and Competitiveness," Regional Studies, Taylor & Francis Journals, vol. 38(9), pages 1069-1083.
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    More about this item

    Keywords

    USA; competitiveness; shale gas;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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