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Economic Competitiveness: An Overview of Multilevel Concept

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Responsible Consumption and Production

Part of the book series: Encyclopedia of the UN Sustainable Development Goals ((ENUNSDG))

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Definitions

According to Oxford Dictionary, competitiveness is the ability of an economy to supply “increasing aggregate demand and maintain exports” (Law 2016). At the same time, the competitiveness at microeconomic level is the ability of an organization to compete successfully with its commercial rivals. Aiginger offered defining “competitiveness” as “the ability of a country or location to create welfare” (Aiginger 2006).

Michael Porter, one of the biggest contributors into modern theory of competitiveness, noted that competitiveness can be represented at several layers: endowed resources of the country, middle layer which is presented by macroeconomic competitiveness and microeconomic layer as a combination of environment that surrounds the firm itself, and clusters of firms, or concentration of firms in particular field, where a critical mass is enough to create supporting institutions (Porter 2011).

The recent sustained definition which is used at the World Economic Forum was...

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Acknowledgments

This research was supported through a 2018–2019 Fulbright Scholar Award. We thank our colleague from Purdue University, Professor Vincent Duffy (School of IE, Purdue University), especially for his teaching in a sphere of bibliometric analysis. We thank the editorial team for the comments and suggestions that greatly improved the paper.

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Authors and Affiliations

  1. Department of Management, Sumy State University, Sumy, Ukraine

    Hanna Shvindina

  2. School of Industrial Engineering, Purdue University, West Lafayette, IN, USA

    Hanna Shvindina

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  1. Hanna Shvindina
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Correspondence to Hanna Shvindina .

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Editors and Affiliations

  1. Faculty of Life Science, HAW Hamburg, Hamburg, Hamburg, Germany

    Walter Leal Filho

  2. Ctr Neurosci & Cell Biology, 1 Floor, Univ Coimbra, Edf Fac Medicina, Coimbra, Portugal

    Anabela Marisa Azul

  3. Faculty of Engineering and Architecture, Passo Fundo University Faculty of Engineering and Architecture, Passo Fundo, Brazil

    Luciana Brandli

  4. Istinye University, Istanbul, Turkey

    Pinar Gökcin Özuyar

  5. International Centre for Thriving, University of Chester, Chester, UK

    Tony Wall

Section Editor information

  1. Sustainability, Akamai University, Hilo, Hawaii, USA, Hilo, Hawai, USA

    Medani P Bhandari

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Shvindina, . (2019). Economic Competitiveness: An Overview of Multilevel Concept. In: Leal Filho, W., Azul, A., Brandli, L., Özuyar, P., Wall, T. (eds) Responsible Consumption and Production. Encyclopedia of the UN Sustainable Development Goals. Springer, Cham. https://doi.org/10.1007/978-3-319-71062-4_63-1

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  • DOI: https://doi.org/10.1007/978-3-319-71062-4_63-1

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