Description
A fascinating journey into a new paradigm, World Competitiveness, and how it gained such importance in developing global prosperity.
In World Competitiveness: Rewriting the Rules of Global Prosperity, Stephane Garelli, a world-renowned professor who has pioneered this concept, explains what World Competitiveness means and implies, and why it has become such a strategic priority for governments and businesses worldwide.
World Competitiveness gained prominence during the four decades often described as the “golden era of globalization”, stretching from China’s “open door policy” in 1978 to the onset of the COVID pandemic in 2018. Then, people could travel freely, communicate, and share ideas and experiences. Companies invested, manufactured, and traded in previously closed markets. Governments compared and enhanced their strategies. Shared prosperity was the objective.
World Competitiveness, as a field of knowledge, was not researched in libraries but experienced first-hand and on-site through numerous travels and discussions with government and business leaders, and academics. Later, it was conceptualized and theorized.
This book retraces this endeavour, from the origin of competitiveness to the modern world, which is fracturing again. It blends travel experiences, practical examples, and new theories. It is so-what, future-oriented, and above all, positive. Despite recent upheavals, the world economy is fundamentally resilient, and to paraphrase Mark Twain, “not as bad as it sounds.”
Table of Contents
Why This Book? ix
Introduction: A New Knowledge: Competitiveness 1
Part I 11
Chapter 1 The Premise of an Open World 13
Chapter 2 Countries That Made Their Mark on Competitiveness: Great Britain 33
Chapter 3 Countries That Made Their Mark on Competitiveness: The United States 43
Chapter 4 Countries That Made Their Mark on Competitiveness: Russia 57
Chapter 5 Countries That Made Their Mark on Competitiveness: China 67
Chapter 6 Countries That Made Their Mark on Competitiveness: Japan 83
Chapter 7 Countries That Made Their Mark on Competitiveness: Germany 95
Chapter 8 Economies That Made Their Mark on Competitiveness: Singapore, Hong Kong, Dubai, and The European Nordic Countries 101
Chapter 9 Countries That Have Made Their Mark on Competitiveness: Thailand 111
Chapter 10 Countries That Have Made Their Mark on Competitiveness: South Korea 117
Chapter 11 Secure Access to Raw Materials and Energy 123
Chapter 12 Efficient Economic and Social Infrastructure 129
Part II 137
Chapter 13 Competitiveness Dilemmas for Nations 139
Chapter 14 The Importance of Value Systems 155
Chapter 15 Competitiveness Challenges for Nations 165
Part III 185
Chapter 16 A Fractured World 187
Chapter 17 The Emergence of Multi-aligned Countries 195
Chapter 18 Work in a Fractured World Economy 201
Chapter 19 Life in a New World 219
Chapter 20 Challenges for the Future 231
Conclusion 247
Acknowledgments 251
About the Author 253
Index 255
