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Karl Aiginger, Susanne Bärenthaler-Sieber, Johanna Vogel (WIFO), Competitiveness of EU versus USA. WWWforEurope Policy Paper No. 29
WWWforEurope: Welfare, Wealth and Work for Europe, November 2015, 35 pages, http://www.foreurope.eu
This paper aims to redefine the term competitiveness to enhance its usefulness for the evaluation of country performance and for policy conclusions. We attempt to establish a definition that is adequate if economic policy strives for a new growth path that is more dynamic, socially inclusive and ecologically sustainable. We tentatively apply the proposed definition to evaluate the "competitiveness" of EU member countries as well as to compare Europe's "competitiveness" with that of the USA (and, where possible, with Switzerland, Japan and China).
Supported by: Österreichische Forschungsförderungsgesellschaft mbH – Austrian Agency for International Cooperation in Education and Research – OeAD-GmbH
Commissioned by: European Commission
Study by: Project team WWWforEurope
Research group:Industrial Economics, Innovation and International Competition