Global competitiveness refers to the ability of a nation or a region to attract and maintain firms with stable or rising market shares in the global economy. It encompasses factors such as innovation, productivity, and the capacity of an economy to sustain economic growth while maintaining or improving standards of living. The importance of global competitiveness ties closely to education, research, and development as these areas directly influence the skills of the workforce and the advancement of technology, which are critical for enhancing a nation's competitive edge.
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