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Furthermore, you seem to put some kind of moral value in the word. I do not.

I'm interested in the propaganda meaning. I don't think the word has any useful economic meaning - although politically it seems to be expedient to pretend that it does.

To me, being competitive means being able to compete on the international market. No more, no less.

Countries are called "competitive" when they promise low wages, low taxes and weak regulation, and are funded by low government spending.

I have never seen the Econo or the FT praising a country for the lavish personal wealth of its worker drones. But I've often seen polemics about the necessity for "reform" and "austerity" to restore "competitiveness."

This includes having a strong educational system, excellent infrastrucutre, reasonable electricity prices, low crime, good healthcare, and so on and so on. History has shown that a high tax environment need not at all be a drag on competivity.

That's very much not the standard definition.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Fri Dec 24th, 2010 at 07:06:38 AM EST
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