Globalization and the competitiveness of enterprises and economies in Baltic Sea Region
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On Baltic Sea Region Competitiveness and new definitions and approaches to national competitiveness. Some revolutionary innovations are presented in this presentation.
![GLOBALIZATION AND THE COMPETITIVENESS OF ENTERPRISES AND ECONOMIES IN BALTIC SEA REGION Conference European Integration and Baltic Sea Region: Diversity and Perspectives September 26-27, 2011, Riga, Latvia Gints Turlajs MSc Econ, PhD candidate Accounting & Consulting Institute (www.aci.lv), General Manager Email: [email_address] , Telephone: +371 29409509](https://image.slidesharecdn.com/prezentcijaluglobalizationandthecompetitivenessofenterprisesandeconomies-110925195207-phpapp01/85/Globalization-and-the-competitiveness-of-enterprises-and-economies-in-Baltic-Sea-Region-1-320.jpg)
![BSR at a glance ,[object Object],[object Object],[object Object]](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
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Globalization and the competitiveness of enterprises and economies in Baltic Sea Region
- 1. GLOBALIZATION AND THE COMPETITIVENESS OF ENTERPRISES AND ECONOMIES IN BALTIC SEA REGION Conference European Integration and Baltic Sea Region: Diversity and Perspectives September 26-27, 2011, Riga, Latvia Gints Turlajs MSc Econ, PhD candidate Accounting & Consulting Institute (www.aci.lv), General Manager Email: [email_address] , Telephone: +371 29409509
- 4. Justification to open borders Price Quantity Domestic supply Domestic demand P world Q1 A B C Q 0 A+B = domestic consumer’s surplus E+C = domestic producer’s surplus Q 0 = domestic production quantity Q 1 –Q 0 = imported product quantity D = tariff revenue for government G+F=welfare loss to the society (dead weight loss) P world + tariff D E F G
- 5. EU GRP figures and BSR place Source: Eurostat
- 7. EU innovation performance, 2010 Source: Innometrics, 2011
- 13. The Global Competitiveness Index 2011–2012 rankings
- 14. IMF figures: World’s richest countries by GDP per capita at PPS, 2010 35,604 China, Republic of ( Taiwan ) 20 36,081 Germany 19 36,274 Belgium 18 36,443 Denmark 17 36,730 Iceland 16 38,204 Sweden 15 38,775 Kuwait 14 39,171 Canada 13 39,492 Ireland 12 39,761 Austria 11 39,764 Australia 10 40,973 Netherlands 9 41,950 Switzerland 8 45,944 Hong Kong — 46,860 United States 7 47,439 United Arab Emirates 6 48,333 Brunei 5 51,959 Norway 4 56,694 Singapore 3 81,466 Luxembourg 2 88,222 Qatar 1 USD Country Flag, Rank
- 18. Classical Porter’s diamond of national competitiveness Factor conditions Demand conditions Related & supporting industries Firms s trategy, structure & rivalry
- 19. Classical Porter’s five forces Threat of substitutes Threat of new entrants Bargaining power of customers Bargaining power of suppliers Competitive rivalry in an industry
- 20. Author’s proposition: competitiveness of individual enterprise Competitiveness of individual enterprise Product needed by consumers Attractive price Effective marketing
- 21. Author’ s proposition: Enhanced Porter’s diamond Factor conditions Demand conditions Related & supporting industries Firm s trategy, structure & rivalry Natural endowment Business development, market size, openness Competitiveness of individual enterprise Product needed by consumers Attractive price Effective marketing Business development, market size, openness Bargaining power of suppliers Bargaining power of customers Threat of entrants Threat of substitutes