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• W2036812058 abstract "In February 2011, the Latvian State Chancellery ordered a on the country's The Latvian Competitiveness Report (LCR), delivered in April 2012, aims provide an overall assessment of in Latvia and to develop a methodological framework. One obvious outcome is its direct use for policy making decisions. It was a timely initiative request the in order reflect on longer term sources of growth. After recent internal devaluation adjustments, a broad look at growth sources offers a range of long term policy options.Policymakers, economists or anyone interested in the recent but also structural economic changes in Latvia will find reading it worthwhile. Although commissioned by the Latvian government, its potential readership is in reality quite large. Not only can it be used in Latvia, but also outside, in neighbouring countries, in transition economies or in the context of international organisations. The LCR synthesises in one in Latvian or English a perspective on the country's competitiveness performance. It also offers an analytical framework that can serve as a reference for other countries.The framework developed by the authors allows for a comprehensive overview of Latvia's competitiveness, supported by a selection of in-depth studies. The LCR is a balanced mix of new analysis, of references recent academic research and recent international reports. The authors offer a deep knowledge of the region, but not only. The Baltic International Centre for Economic Policy Studies (BICEPS), the Stockholm School of Economics in Riga and other economic experts collaborated with Dr Ketels from the Institute for Strategy and Competitiveness at Harvard.This review examines first the original angle of the LCR. Second, it highlights the report's most striking features and findings. Third, it reflects on how make use of the current LCR for policymaking and what could be expected from a potential future edition.1. Scope of the LCRA consensus exists on the importance of 'competitiveness' but no general understanding of the term. Since the LCR is not only a report but a competitiveness report, what exactly is meant by competitiveness? What does it entail? The authors recognize the polysemy of the term competitiveness. They intentionally choose the productivity-based approach This is in fact a perspective taken by many other reports on competitiveness, such as the European Competitiveness reports (European Commission 201 1)'. If productivity, measured broadly as per capita, is considered the main source of competitiveness, the implication is that improved competitiveness, i.e. increase in per capita, is synonymous with amelioration in standards of living. Since growth theory points convergence in productivity levels from countries with the lowest per capita, it is all the more relevant look at how this convergence can be facilitated in Latvia. And as there is no one-size-fits-all answer how a country can grow, the exhaustiveness of the is very welcome.But an increase in per capita does not necessarily translate into social progress. Therefore the authors purposely complement the economic angle by social indicators. This broad vision of development reflects a general awareness that was propelled by Amartya Sen (Sen 1999)2 and translated into human development indicators3 by the UN. This approach has gained ground. Indeed, the Europe 2020 headline targets include socio-economic and environmental targets (European Commission)4. At EU level again, Beyond GDP (European Commission)5 offers not only economic indicators, but also social, environmental and wellbeing ones. The authors take as a reference the Stiglitz-Sen-Fitoussi (Stiglitz, Sen and Fitoussi 2009)6, a French initiative used internationally.2. Original findings and features of the LCROnce the objectives and definitions of the key concepts of the are set, the is structured with an analytical part, a competitiveness diagnostics, an assessment and a prioritisation. …" @default.
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• W2036812058 date "2012-03-01" @default.
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• W2036812058 title "Review of the Latvian Competitiveness Report" @default.
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• W2036812058 doi "https://doi.org/10.1080/1406099x.2012.10840512" @default.
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