The Dynamics of Product Quality and International Competitiveness

The Dynamics of Product Quality and International Competitiveness PDF Author: Ashoka Mody
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 40

Get Book Here

Book Description
Despite the appreciation of the exchange rate, the eight Central and Eastern European countries (the CEE-8) that entered the European Union in May 2004 have achieved a decade of impressive export growth, expanding significantly their shares of world markets. Does this mean that the real exchange rate is irrelevant? If not, what other factors compensated for the appreciation to explain the apparently strong competitiveness of these economies? And will these favorable factors continue to power export growth? This paper places in international context the achievements of the CEE-8 and helps more broadly to identify the determinants of international competitiveness. Building from data at the six-digit level of disaggregation, it shows that the CEE-8 made an impressive shift in product quality and in the technological intensity of exports, and that these shifts associated with the structural transformation were also associated with increased market share. The analysis strongly suggests that, when trading in international markets, countries benefit from higher product quality. However, while the structural transformation achieved was valuable in raising market shares, the easy gains from this process may be over.

The Dynamics of Product Quality and International Competitiveness

The Dynamics of Product Quality and International Competitiveness PDF Author: Ashoka Mody
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 40

Get Book Here

Book Description
Despite the appreciation of the exchange rate, the eight Central and Eastern European countries (the CEE-8) that entered the European Union in May 2004 have achieved a decade of impressive export growth, expanding significantly their shares of world markets. Does this mean that the real exchange rate is irrelevant? If not, what other factors compensated for the appreciation to explain the apparently strong competitiveness of these economies? And will these favorable factors continue to power export growth? This paper places in international context the achievements of the CEE-8 and helps more broadly to identify the determinants of international competitiveness. Building from data at the six-digit level of disaggregation, it shows that the CEE-8 made an impressive shift in product quality and in the technological intensity of exports, and that these shifts associated with the structural transformation were also associated with increased market share. The analysis strongly suggests that, when trading in international markets, countries benefit from higher product quality. However, while the structural transformation achieved was valuable in raising market shares, the easy gains from this process may be over.

The dynamics of product quality and international competitiveness

The dynamics of product quality and international competitiveness PDF Author: Deniz Igan prepared by Stefania Fabrizio (and Ashoka Mody)
Publisher:
ISBN:
Category :
Languages : en
Pages : 33

Get Book Here

Book Description


Product Quality and International Price Dynamics

Product Quality and International Price Dynamics PDF Author: Marta Arespa
Publisher:
ISBN:
Category :
Languages : en
Pages : 41

Get Book Here

Book Description
Two puzzling facts of international real business cycles are 1) weak or negative correlations between the terms of trade and output, and 2) a rise in relative consumption for countries where national goods become relatively more expensive. We show these puzzles either vanish or become much weaker in recent data. We propose a new mechanism that generates endogenous international price movements that are consistent with both the "old" and the "new" facts. In this mechanism, firms operating in a monopolistically competitive environment adjust price and quality of their products in response to technological shocks. This model is consistent with the old facts if price levels are not adjusted for quality. Instead, if quality adjustments to price level are introduced, the model's properties are in line with the new facts.

The Competitive Advantage of Nations

The Competitive Advantage of Nations PDF Author: Michael E. Porter
Publisher:
ISBN:
Category : Competition, International
Languages : en
Pages : 0

Get Book Here

Book Description


The Dynamics of International Competition

The Dynamics of International Competition PDF Author: Roland Calori
Publisher: SAGE
ISBN: 0857026410
Category : Business & Economics
Languages : en
Pages : 256

Get Book Here

Book Description
`I found myself questioning my current views on globalization and international competition. In so doing, I have come to a fuller understanding of the dynamics of the process and have enjoyed a unique view into the minds of the decision makers′ - Organization Studies `This book is an unusual and valuable addition to the literatures of international business′ - International Business Review `The first interesting feature of this study is the selection of industries.... The book provides some valuable insight into the geographic distribution of the world in the mind of the chief executives... a matter of interest not only to industry and academia, but also to policy makers.... The classification of international strategies deducted from the interview data is another contribution that book makes.... The book has achieved its main goal of linking theory and practical experience [and] provides interesting reading.... The book translates the logic of the industry world into a nice theory leaving it up to the reader to accept or reject the accompanying business ethics and values′ - Prometheus `A highly effective analysis of the changing patterns of competition viewed from an international perspective. There is a plethora of books on globalization and internationalization of industries, but most are long on words and speculation, but short on hard evidence and perspective. Here, the approach of the authors is not to argue that the world is becoming more (or less) global, but to provide a valuable insight into just how these forces are shaping industries, whether managers can influence these forces and what they might mean for those involve′- Charles Baden-Fuller, City Business School, Series Editor This book uses in-depth current data from a range of international business, and provides an important new framework for understanding international competitive systems and formulating international business strategy.

Harnessing Quality for Global Competitiveness in Eastern Europe and Central Asia

Harnessing Quality for Global Competitiveness in Eastern Europe and Central Asia PDF Author: Jean-Louis Racine
Publisher: World Bank Publications
ISBN: 0821385100
Category : Business & Economics
Languages : en
Pages : 360

Get Book Here

Book Description
Where national quality systems are underdeveloped, they increase trade costs, hinder firms? competitiveness, and weaken export performance. Governments in Eastern Europe and Central Asia need to invest strategically, pooling services with neighboring countries, stimulating local awareness and demand for quality, and improving governance.

Ensuring Quality to Gain Access to Global Markets

Ensuring Quality to Gain Access to Global Markets PDF Author: Martin Kellermann
Publisher: World Bank Publications
ISBN: 1464813728
Category : Business & Economics
Languages : en
Pages : 275

Get Book Here

Book Description
In a modern world with rapidly growing international trade, countries compete less based on the availability of natural resources, geographical advantages, and lower labor costs and more on factors related to firms' ability to enter and compete in new markets. One such factor is the ability to demonstrate the quality and safety of goods and services expected by consumers and confirm compliance with international standards. To assure such compliance, a sound quality infrastructure (QI) ecosystem is essential. Jointly developed by the World Bank Group and the National Metrology Institute of Germany, this guide is designed to help development partners and governments analyze a country's quality infrastructure ecosystems and provide recommendations to design and implement reforms and enhance the capacity of their QI institutions.

Currency and Competitiveness in Europe

Currency and Competitiveness in Europe PDF Author: Klaus Liebscher
Publisher: Edward Elgar Publishing
ISBN: 1848445091
Category : Business & Economics
Languages : en
Pages : 337

Get Book Here

Book Description
Competitiveness is a notoriously slippery concept. This volume, featuring a galaxy of economic stars, lends some much-needed precision to the term and the debate over its determinants. Barry Eichengreen, University of California, Berkeley, US This book combines currency matters with competitiveness considerations, with a view to raising the understanding of exchange rate dynamics and to analysing the role of exchange rates in reinforcing economic competitiveness. The overall focus is on highlighting the link between currency developments and the real side of the economy. From a regional perspective, the contributions centre on developments in Central, Eastern and South-eastern Europe and thus put a special emphasis on aspects of transition and convergence. More specifically, the book addresses key issues of financial globalization and global imbalances; the role of macroeconomic fundamentals in exchange rate economics; the role, objectives and challenges of regional monetary unions; exchange rate dynamics in transition economies and the competitiveness of catching-up countries. It also addresses the structural aspects of competitiveness and the significance of qualitative and quantitative aspects of competitiveness. Offering the views of eminent academics and professionals, this book will be of great interest to economists and central bankers as well as to international organizations, universities and research institutes.

The Effects of International Competition and Trade Barriers on Product Quality

The Effects of International Competition and Trade Barriers on Product Quality PDF Author: Amit Kumar Khandelwal
Publisher:
ISBN:
Category : Barriers to entry (Industrial organization)
Languages : en
Pages : 288

Get Book Here

Book Description


Competitiveness in the Southern Euro Area

Competitiveness in the Southern Euro Area PDF Author: Mr.Yuan Xiao
Publisher: International Monetary Fund
ISBN: 145186972X
Category : Business & Economics
Languages : en
Pages : 116

Get Book Here

Book Description
This collection of studies analyzes developments in nonprice external competitiveness of France, Greece, Italy, Portugal, and Spain. While France, Italy, and Portugal have experienced substantial export market share losses, Greece and Spain performed relatively well. Export market share losses appear associated with rigidities in resource allocation (sectoral, geographical, technological) relative to peers and lower productivity gains in high value-added sectors. Disaggregated analysis of goods and services export markets provides insights on aspects such as quality, market concentration, growth of destination markets, and geographical and sectoral diversification. Also, increased import penetration, offshoring and FDI could improve productivity and export performance.