how can you measure competitiveness of a country in a global economy?
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in countries with a free floating currency, by the value at any time of the currency world wide!\nAn example of a falsemeasure of competitiveness is China..\nwhat is the realworth of the yuan???..
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In what regards? \n\nBy measuring success in general, you are better able to assess what is working and what is not.
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Gross Domestic Product is now the preferred term to measure how well a country's economy is doing.  It includes all the goods and services produced by the companies of the nation, which includes divisions of companies located in foreign countries.  Gross National Product measures the value of the goods and services of all ecomonic activities within the country regardless who owns the firm.  The value is high or low depends on the previous year's activity, and compared to other nation's GNP/GDP
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by total GDP:\n\n1  United States  \n2  Japan  \n3  Germany  \n4  People's Republic of China   1\n5  United Kingdom  \n\nHowever, if you  use GDP per capita, it's:\n1Luxembourg$ 55,100\n2Norway$ 37,800\n3United States$ 37,800\n4San Marino$ 34,600\n5Switzerland$ 32,700
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There are no clear-cut numbers on what is a developed and what is an undeveloped/underdeveloped or developing country. Countries are supposed to be able to determine for themselves which they are under a UN rule. The factors that people generally look at to determine whether a country is developed are per capita income, the level of infrastructure development, and the country's rating on the Human Development Index (a score based on life expectancy, adult literacy rate, gross enrollment rate in education, and GDP).
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GNP numbers are hard to come by.  As far as GDP goes, accoridng to the oft-cited OECD:\n\nUnited States: 5.08% public edu., 2.26% private edu.\nJapan: 3.47% public edu., 1.15% private edu.\nGermany: 4.28% public edu., .98% private edu.\nSouth Korea: 4.79% public edu., 3.41% private edu.\nFrance: 5.61% public edu., .38% private edu.\nSweden: 6.21% public edu., .21% private edu.\nCanada: 4.98% public edu., 1.31% private edu.\nAustralia: 4.53% public edu., 1.44 private edu.\nMexico: 5.12% public edu., 0.75% private edu.\nNetherlands: 4.51% public edu., .39% private edu.
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Developed nations are those countries with high standard of living for the generality of its populace.\nA developed country usually has good economic indices (in terms of per capita income, GDP, growth rate of the economy, level of unemployment etc)\nFor a country that wants to be "developed", it has to work towards improving those indices mentioned above.
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Theory of competitive advantage
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The ability of a business to compete with others on the basis of its cost of production is COST COMPETITIVENESS. When a business able of produce goods or services on low cost as compared to its competitors it has competitive advantage over the others.
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Statistics can be misleading...if you have a country with only one factory and they build another then they just grew by 100% compared to a country with 500,000 factories who build 100,000 more which is a growth rate of 20%.\n\nGiven this info...I would say either Romania, Albania, Hungary, Bulgaria, Latvia, Estonia, Poland, Slovakia, Czech Republic, Lithuania or Slovenia.  My money would be on Slovenia.
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If u mean georgia(country):\nGeorgia's economy has traditionally revolved around Black Sea tourism, cultivation of citrus fruits, tea and grapes; mining of manganese and copper; and output of a small industrial sector producing wine, metals, machinery, chemicals, and textiles. Its only sizable internal energy resource is hydropower.\nBut if u mean Georgia(US state):\nGeorgia's 2003 total gross state product was $320 billion. Its per capita personal income for 2003 put it 31st in the nation at $29,000.\n\nGeorgia's agricultural outputs are poultry and eggs, peanuts, cattle, hogs, dairy products, and vegetables. Its industrial outputs are textiles and apparel, transportation equipment, food processing, paper products, chemical products, electric equipment. Tourism also makes an important contribution to the economy. Georgia is the Granite Capital of the World. Atlanta has been the site of enormous growth in real estate, service, and communications industries.
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It's not a way to improve competitiveness at all. It's a way for local companies to increase profit margins by importing cheaper inferior quality crap made in a Chinese sweat shop. It also causes an increase in foreign debt which isn't a good thing and it also costs local jobs.
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gdp\nnorth america - united states\nasia - china\neurope - germany\nsouth america - brazil\naustralia - australia\nafrica - south africa\n\nper capita\nnorth america - bermuda\neurope - luxumbourg\nafrica - equatorial new guinea\nasia - hong kong\naustralia - australia\nsouth america - argentina
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Countries that have recently been formed or are going through stages. Such as:\n\n- Independence from another country\n- Forming a new government\n- Increasing jobs\n- Increasing economy by means of the surrounding resources\n- Bringing in basic needs for a country
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It will take two steps.  Take the index level for Country A for the base year of Country B; then multiple or divide as necessary.  So:\nIf Country B's baseline year is 1976=100, and Country A's index level in 1976 was 119, then you multiply the Country B reading for a given year by 1.19 to get a comparable equivalent Country A reading: so a Feb. 2006 Country B reading of 200 would be equivalent to a Country A reading of 238.
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Coming from a Latin American (Argentinian)....\n\nThe answer to that question depends on what you think is "a good economic situation".\n*If it is to be determined by the size of the economy, then Brazil has the largest GDP and one of the most thirving industrial backgrounds. It is the "largest" economy.\n*If it to be determined by GDP per Capita, then I'd say Argentina, Chile or Mexico. (The three largests GDPs per capita, nominal and PPP)\n*If it is to be determined by the living standards of its peoples (as classified in the United Nations Human Development Index), then I'd say Cuba, Argentina and Uruguay, the countries that ranked higher.\n*If it is to be determined by economic independence, then I'd say Cuba or Venezuela, the two countries that have more independence from world market movements and more immunity to crashes.\n*Finally, if its to be determined by growth rate, then Venezuela, Cuba and Argentina, since they currently have the fastest growing economies.\n\nOverall, I'd say Argentina, Brasil and Venezuela are the ones in the best economic situation, since they are promoting a strong regional integration between themselves that will strenghten their overall economic independence, their GDP's, and hopefully reduce social inequalities. (Specially in the case of Venezuela, thanks to chavez's social policies.)
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try the conversion table. europe uses metrics