Competitiveness
Competitiveness: the ability of a firm, a production sector or even a country to hold its own in terms of economic efficiency against other firms, sectors or countries. Governments sometimes try to improve the competitiveness of a sector through the use of export targeting, subsidies, protection or other measures. This can only be done at the expense of the remainder of the economy, and the longer-term effects of such practices is to reduce the economy’s competitiveness overall.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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