Competitiveness

n. quality of being competitive, quality of constantly attempting to surpass the accomplishments of others

This page refers to the economic and econometric sense of the word. For other uses, see Competition. Competitiveness is a comparative concept of the ability and performance of a firm, sub-sector or country to sell and supply goods and/or services in a given market. The usefulness of the concept, particularly in the context of national competitiveness, is vigorously disputed by economists, such as Paul Krugman [1].
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Noun
1. an aggressive willingness to compete; "the team was full of fight"
(synonym) fight
(hypernym) aggressiveness

The European Commission's 1994 White Paper on Growth, Competitiveness and Employment contains guidelines for a policy of global competitiveness. The policy encompasses four objectives which have lost none of their topicality today:

•helping European firms to adapt to the new globalised and interdependent competitive situation;
•exploiting the competitive advantages associated with the gradual shift to a knowledge-based economy;
•promoting a sustainable development of industry;
•reducing the time-lag between the pace of change in supply and the corresponding adjustments in demand.

The new title on employment incorporated in the EC Treaty by the Treaty of Amsterdam takes account of the objectives set in the White Paper.

See:

•Employment
•Enterprise policy
•Globalisation of the economy 
•Sustainable development

competitiveness /kəm'petitivnis/
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