International Competitiveness Ã¢â‚¬â€ Where Pakistan Stands?
The concept of competitiveness has been widely accepted and has become a part of discussion in world-wide forums. Today global economy cannot be explained in the same manner as it was a few decades ago. Improved competitiveness of economies is a need of the day and ability to compete in the world market is of major concern. This paper attempts to assess the position of Pakistan in the International Competitiveness. As a survey paper, the concept, definition and the measurement of competitiveness have been analysed further to assess Pakistans position in the region. Competitiveness is linked with export performance ofother trading and non trading countries. Pakistans export performance is analysed in this context. Lessons for Pakistan have been drawn on the basis of experiences of emerging economies. It has been concluded that countries can strengthen their export markets with the passage of time. They need to improve the governance as well as technological progress to increase high-tech exports. Developing countries like Pakistan start from low technology and with passage of time shift to improved technologies. Technology-based activities help improving export performance that brings competitiveness of a country. The paper also suggests a model to government of Pakistan which describes that high technology exports will be a result of extensive Research and Development (R&D) using human capital as an investment in the country. The success depends upon the combined efforts of the government, individuals and business initiatives both in public and private sectors.
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- Sanjaya Lall, 2013.
"Reinventing Industrial Strategy: The Role Of Government Policy In Building Industrial Competitiveness,"
Annals of Economics and Finance,
Society for AEF, vol. 14(2), pages 785-829, November.
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- Sanjaya Lall (QEH), . "Reinventing Industrial Strategy: The Role of Government Policy in Building Industrial Competitiveness," QEH Working Papers qehwps111, Queen Elizabeth House, University of Oxford.
- Rashid Amjad, 2005. "Skills and Competitiveness: Can Pakistan Break Out of the Low-Level Skills Trap?," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 44(4), pages 387-409.
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