In this article the authors propose a portfolio model for identifying weak and strong industries at the national level. Apart from providing a conceptual model for describing national competitiveness, the model is used in actually looking at both the past and future competitveness of the countries of the European Union (EU). This is not only relevant because of the ambition of the EU to become the most competitive region in the world, but also because (candidate or current) Member States of the EU have their own policies for acieving national prosperity. The portfolio model is based on the Balassa index, and extends it, by decomposing export growth, with indicators for what the authors call positional, competitive and targeting advantages. Based on the portfolio model country rankings have been calculated, and compared rankings proposed by other authors. Even though the ranking on future competiteveness seems to capture the various dimensions of backward looking rankings, some discrepancies call for additional research, preferably at the micro level and focuse on the international dimension of modern business.
|Number of pages||25|
|Journal||Problems and Perspectives in Management|
|Publication status||Published - 2004|