Benchmarking for International Competitiveness: Lessons for Public Policy

This paper presents the findings from a benchmarking study of Jamaica's competitiveness position viz-a-viz other similar small economies in the Caribbean. Using the Dual Double Diamond model and the Rank Xerox Benchmarking methodology as its guiding frameworks, the paper analyzed Jamaica's...

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Detalles Bibliográficos
Autores principales: Densil A. Williams, Beverly Morgan
Formato: Artículo científico
Publicado: Centro de Investigaciones Comerciales e Iniciativas Académicas 2010
Materias:
Acceso en línea:http://www.redalyc.org/articulo.oa?id=63117300002
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=pr/pr-004&d=63117300002oai
Aporte de:
id I16-R122-63117300002oai
record_format dspace
institution Consejo Latinoamericano de Ciencias Sociales
institution_str I-16
repository_str R-122
collection Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
topic Administración y Contabilidad
competitiveness
benchmarking
small economies
spellingShingle Administración y Contabilidad
competitiveness
benchmarking
small economies
Densil A. Williams
Beverly Morgan
Benchmarking for International Competitiveness: Lessons for Public Policy
topic_facet Administración y Contabilidad
competitiveness
benchmarking
small economies
description This paper presents the findings from a benchmarking study of Jamaica's competitiveness position viz-a-viz other similar small economies in the Caribbean. Using the Dual Double Diamond model and the Rank Xerox Benchmarking methodology as its guiding frameworks, the paper analyzed Jamaica's international competitiveness position in relation to Singapore, the most competitive small, open economy in the world. Comparisons were also made with three other small, open economies in the Caribbean and Central America, namely Barbados, Trinidad and Tobago, and Costa Rica. The findings revealed that Jamaica's weak competitiveness position relative to its benchmark country, Singapore, results from a number of factors, including but not limited to an unstable macro-economic environment, weak institutions, distrust for public officials, and poor factor conditions. These competitiveness drivers were present in Singapore in a positive way, thus leading to the economy being able to upgrade its diamond of national competitiveness. The lessons learned from the Singaporean story have implications for Jamaica and other similar small, open economies that are experiencing a decline in their levels of international competitiveness.
format Artículo científico
Artículo científico
author Densil A. Williams
Beverly Morgan
author_facet Densil A. Williams
Beverly Morgan
author_sort Densil A. Williams
title Benchmarking for International Competitiveness: Lessons for Public Policy
title_short Benchmarking for International Competitiveness: Lessons for Public Policy
title_full Benchmarking for International Competitiveness: Lessons for Public Policy
title_fullStr Benchmarking for International Competitiveness: Lessons for Public Policy
title_full_unstemmed Benchmarking for International Competitiveness: Lessons for Public Policy
title_sort benchmarking for international competitiveness: lessons for public policy
publisher Centro de Investigaciones Comerciales e Iniciativas Académicas
publishDate 2010
url http://www.redalyc.org/articulo.oa?id=63117300002
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=pr/pr-004&d=63117300002oai
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