Manufacturing is a crucial determinant of success of any industrial nation. The manufacturing competitiveness of an economy is determined by the capacity of a country to utilize its resources to gain competitive advantage over its peers.
In the report, Manufacturing Competitiveness is measured from the broad constructs of Microeconomic Competitiveness and Macroeconomic Competitiveness. Each can be divided into:
- MACRO: Social Infrastructure and political institutions, Macroeconomic policy.
- MICRO: Including the business environment and the sophistication of company operations and strategy.