changing circumstances. Research recurrently views and defines such system as IT-tools that mainly enable the collection, storing and diffusion of knowledge within the boundaries of the organization. The, global Competitiveness Index integrates the macroeconomic and the micro/business aspects of competitiveness into a single index. Thus, the GCI separates countries into three specific stages: factor-driven, efficiency -driven, and innovation -driven, each implying a growing degree of complexity in the operation of the economy. 4950 of the Global Competitiveness Report, Full Data Edition. 8 The weights used are the values that best explain growth in recent years 9 For example, the sophistication and innovation factors contribute 10 to the final score in factor and efficiency-driven economies, but 30 in innovation-driven economies. Intermediate values are used for economies in transition between stages. With a constructionist perspective as a point of departure, knowledge, which contains tacit and explicit components, is seen to exist at both the individual and the organizational level. It shows for example the trade downturn after the global crisis was not only associated with a natural phasing out of the impact of lower trade costs worldwide, but it was also strongly influenced by a negative demand shock in the euro area and. Read more, university dissertation from Uppsala : Företagsekonomiska institutionen.
This in turn depends on how productively a country uses available resources. Learn more at the. It is also possible to see whether export prices and volumes are driving norma ray essays the change in the countrys share in global exports. Therefore, in the calculation of the GCI, pillars are given different weights depending on the per capita income of the nation. This thesis takes a stance in that business network relationships are essential for international SMEs as such networks can provide knowledge and learning opportunities. 2, before that, the macroeconomic ranks were based on, jeffrey Sachs 's. At this stage, companies must compete by producing new and different goods using the most sophisticated production processes (pillar 11) and through innovation (pillar 12).