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Current account surplus leads the state to meet its obligations
05/11/2015 19:05
Baghdad .. Imad emirate
characterized today's economy with a high degree of openness and integration led to intense competition in international markets in the context of globalization and significant technological evolution in the means of communication and transport and the proliferation of multinational companies. All of these conditions have led to growing interest Eduard (competitive advantage), particularly by local, regional and international economic institutions. And try to renew a clear concept of her because of their role in driving growth and development for all countries. Academic d. Lawrence Yahya Saleh from the Faculty of Management and Economics at the University of Baghdad, said: Numerous studies of the forum competitive ones definition that says that the state's ability to sell goods and services profitability in international markets in order to be able to achieve a surplus in the current account position to meet its international obligations have emerged. And then the ongoing ability to achieve high and sustainable rates of growth in real income by the presence of good institutions of appropriate economic policies at the level of the economy as a whole. He d. Lawrence, Economic Forum 2006 in defining the concept of competitive advantage which is consistent productivity growth that result from many factors such as technology advanced and skilled labor and successful management and benefit from economies of scale and innovation. These are all factors that interact and mutually supportive, some or all of them to raise the country's competitiveness in the international market and then raise the standard of living high rate of return on investment, which is the most important factor in direct investment as a growth catalyst components exports attraction. He explained that the concept is of dimensions can not be identified in the definition of the concept of competitive advantage or narrow. Valtnavsih dynamic resulting from the interaction of many factors or many limitations that make the country a competitive advantage of being able to stand strong in the global market process, and sees economic Porter said many factors contribute to the possession of the country a competitive edge in an activity. Indicating that of those factors is the economic, political, geographic, social, and there are basic criteria described Porter is contributing to the possession of the country for competitive advantage, economic, namely, (input process productivity and characteristics) any production of production factors and factors of production function as based upon foreign trade theories are (land, labor, capital and organization) .. Saleh continued, saying that every country that exports of goods that enter into production what is available for its large production factors, for example the United States US was and still is exported grain, Brazil exported coffee because of the ownership of land and a wide arable. But the competitive advantage determinants relating to his factors of production are not limited to that, but there are characteristics of the factors of production that will create a competitive advantage for the establishment of production able to compete Mstdamh.wachar that these characteristics of the factors of production is illustrated by economic Porter, are human resources, a new concept competitive advantage that not only the numbers that indicate the size of the economically active population, but expanded to include specifications that enjoyed by those of acquired education and highly skilled and efficient production as well as the desire to work and develop. He concluded the benefit on to say that the other characteristics of competitive advantage, is the natural resources and the resources of knowledge and social capital structures, master advanced and institutions that have a significant role in the viability of local production and the ability of companies to compete and unlimited such as transport and communications, health institutions and facilities housing activities
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