新加坡竞争力英文(pdf 63页)

Singapore 2002
•Singapore has achieved an extraordinary level of prosperity
•The current economic downturn is largely driven by IT investments and a world economic slowdown
•However, there are structural changes in the competitive environment that require Singapore to revisit its economic strategy
•Policy and business leaders are starting to address this new challenge
Sources of Rising Prosperity
•A nation’s standard of living (wealth) is determined by theproductivitywith which it uses its human, capital, and natural resources. The appropriate definition of competitiveness is productivity
–Productivity depends both on the valueof products and services (e.g. uniqueness, quality) as well as the efficiencywith which they are produced.
–It is notwhatindustries a nation competes in that matters for prosperity, buthowfirms compete in those industries
–Productivity in a nation is a reflection of what both domestic and foreign firms choose to do in that location. The combination of domestic and foreign firms in a particular field creates the most fertile environmentfor prosperity
–The productivity of “local”industries is of fundamental importance to competitiveness, not just that of traded industries
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