Abstract
In the 1990s, the issue of competitiveness acquired new prominence and meaning in policy-making, following the example of aggressive economic reform in countries such as New Zealand. The emphasis shifted from “strategic” industrial and technology policies to the countries’ general business environment and attractiveness for investment. Accordingly, the policy approach stressed comprehensive reviews of the quality of institutions and government, legislation, education and human capital. Government-sponsored competition reports and competitiveness councils were given the task of identifying and attacking the weak spots in the domestic economy; competition policy came to be seen as a sustained effort to improve the economy across a broad spectrum of variables.
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Micossi, S. (2003). Institutions and Innovation in the European Union. In: Aiginger, K., Hutschenreiter, G. (eds) Economic Policy Issues for the Next Decade. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-5046-1_22
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DOI: https://doi.org/10.1007/978-1-4757-5046-1_22
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