Th4.1: International Competitiveness Flashcards
1
Q
The lower the level of international competitiveness…
A
the more likely that the country will face a current account deficit
2
Q
What do goods need to be in order to be competitive internationally?
A
cheap, have good quality, design or after-sales and good marketing
3
Q
What are the two measures of international competitiveness?
A
relative unit labour costs
relative export prices
