Criticism
Krugman (1994) argues that, in the context of countries, productivity is what matters and "the world's leading nations are not, to any important degree, in economic competition with each other." Krugman warns that thinking in terms of competitiveness could lead to wasteful spending, protectionism, trade wars, and bad policy.
If the concept of national competitiveness has any substantive meaning it must reside in the factors about a nation that facilitate productivity, and alongside criticism of nebulous and erroneous conceptions of national competitiveness systematic and rigorous attempts like Thompson’s need to be elaborated.
Read more about this topic: Competitiveness
Famous quotes containing the word criticism:
“Nothing would improve newspaper criticism so much as the knowledge that it was to be read by men too hardy to acquiesce in the authoritative statement of the reviewer.”
—Richard Holt Hutton (1826–1897)
“Of all the cants which are canted in this canting world—though the cant of hypocrites may be the worst—the cant of criticism is the most tormenting!”
—Laurence Sterne (1713–1768)
“Good criticism is very rare and always precious.”
—Ralph Waldo Emerson (1803–1882)