Questions on competitiveness

Competitiveness

Question 1

1. What factors help determine a country’s competitiveness?

2. During the last 12 months the value of Sterling has risen against the US Dollar. Examine the likely affects of this on UK:

• Competitiveness

• Inflation

• Employment

Question 2

“Investment is the key to improving a country’s competitiveness in the long run.” To what extent do you agree with this assertion?