Declining international competitiveness

Declining industrial competitiveness
Fluctuations in international competitiveness
Decline in competitiveness of domestic industries
Declining international market share
Gap in international competition
Poor competitive standing

Nature

Declining international competitiveness refers to a nation's decreasing ability to produce goods and services that meet the demands of global markets, often resulting in reduced market share, lower economic growth, and diminished innovation. Factors contributing to this decline include rising production costs, outdated technology, inadequate workforce skills, and unfavorable trade policies. As countries struggle to maintain their competitive edge, they may experience job losses, decreased foreign investment, and a weakened economic position. Addressing this issue requires strategic investments in education, infrastructure, and technology to enhance productivity and foster a more dynamic economic environment.

Incidence

A 1993 report found that UK industry faces a 25% gap between its productivity and that of its French and German counterparts.

Claim

Declining international competitiveness is a critical issue that threatens economic stability and growth. As nations struggle to innovate and maintain market share, jobs are lost, industries stagnate, and global influence wanes. This decline undermines not only individual livelihoods but also national security and prosperity. Urgent action is needed to revitalize education, invest in technology, and foster a culture of innovation. Without addressing this pressing problem, we risk falling behind in an increasingly competitive global landscape.

Counter-claim

The chant of "internationally competitive" sweeps away all efforts to retain economic diversity as jobs and social expenditure, food and environmental standards are sacrificed on this unforgiving two-word altar.