Focus of Eurozone competitiveness should be on more than prices and costs
Feb 19th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Continuing a Deutsche Bank Research series on Eurozone competitiveness, it is argued that the focus should not be solely on prices and costs, but also on the value-added structure of the respective economies, their innovative capacity and degree of economic freedom. This non-price competitiveness is partly a result of historical developments and partly a result of good economic policy. Proper infrastructure, reliable institutions and efficient markets can create a sensible environment that is conducive to business success. The Eurozone economies also differ from one another in this regard - - and in some cases appreciably.