Competitiveness between both Developing and Developed Nations Research Paper

Competitiveness between both Developing and Developed Nations - Research Paper ExampleDespite the forces of globalisation, populational wages and locality are among the key factors that determine engagement. This paper looks at the evidence from trans-national corporations and specific industries in various nations. Nations like China, Japan, US, UK and Germany. Research shows that global competition has sincerely gone high tech. The competition is very stiff. (Porter, 1998) It is very clear that the factors that determine the competitiveness of nations are quite numerous. When public finances in a nation are mismanaged, and inflation occurs, this highly affects the business environment a great deal. This results in the undermining of incentives that are necessary for investment in the business sector. Other factors accept having a quality judicial system within a nation. Training and education within a nation are among the factors that drive competitiveness. Nations that ensure that their roil force is trained and has access to the latest technologies and new knowledge are normally very competitive. (Peng, 2006)Just as the factors are numerous, they matter quite differently in different nations. This also depends on the nations stage of development. According to the Global Competitiveness Index (GCI), there are various driving factors that influence the competitiveness in a nation.The world economic forum has over the years measured the competitiveness of nations in an international environment. The Growth competitiveness index is utilise to assess the competitiveness of nations. Research reveals that Poland still remains the worst performing nations among European Union nations. It actually ranks forty-eight behind Greece that ranks forty-seven. The Czech Republic ranks cardinal while Estonia ranks twenty-five. Poland has got weaknesses in its labour market that is quite rigid. Research shows that unemployment in this nation.