Globalisation and Competitiveness: Relevant Indicators

To contend with the challenges of globalisation, firms have altered their strategies, strengthening the activities in which they were in a dominant position (refocusing), seeking to achieve critical size and attaching priority to external growth (mergers and acquisitions). At the same time, they have multiplied the number of co-operation agreements and alliances and changed their internal organisation. Globalisation has obliged all countries to raise their standards of economic efficiency, whence the growing interest in and concern about competitiveness. Analysis of globalisation has also revealed the change in the context in which most traditional indicators of competitiveness are interpreted, and demonstrated the urgent need to develop a new generation of indicators based on new information, so as to be able to throw new light on the more traditional indicators