Competitiveness and Development Myth and Realities
“Competitiveness and Development: Myth and Realities” by Mehdi Shafaeddin, published by Anthem Press in October 2014, is a comprehensive examination of the complexities surrounding competitiveness in developing countries. This reprint edition spans 344 pages and is presented in English. The book delves into the policies necessary for achieving competitiveness while addressing the constraints imposed by international financial institutions and agreements that affect the policy space of these nations.
Readers will find an in-depth analysis of how developed countries influence the economic landscape of developing nations, often locking them into a cycle of low-level competitiveness. Shafaeddin discusses the implications of these restrictive policies and proposes necessary changes at both national and international levels to foster dynamic comparative advantages. The book engages with themes of economic development and trade, providing insights into the challenges faced by emerging economies in their quest for sustainable growth.
Official synopsis Publisher
In ‘Competitiveness and Development’, the author explains the confusion surrounding the concept of competitiveness in the context of developing countries; proposes policies for achieving competitiveness at a high level of development; examines its possibilities and constraints; and suggests policy changes necessary at the national and international levels. Shafaeddin illustrates how developed countries impose restrictive policies on developing countries through international financial institutions and the WTO, as well as regional and bilateral agreements, which limit their policy space for promoting dynamic comparative advantage in order to achieve competitiveness at a high level of development. Ultimately, such policies lock developing countries that are at early stages of development in specialization based on static comparative advantage and competitiveness at a low level of development.
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