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4.4 How does a country compete?

What students need to learn:

Students should be able to:
Additional Guidance Notes
Measures of competitiveness
Consider measures of competitiveness.
For example: relative unit labour costs and relative export prices.
Factors influencing
Consider factors influencing a country’s competitiveness.
For example: exchange rate; productivity; wage and non-wage costs; regulation.
Government policy
Examine government policy to increase international competitiveness.
For example: measures to improve education and training; incentives for investment; deregulation.

Students might examine case studies of particular industries to see how they compete for example: cars; textiles.

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