"INCREASING GLOBAL COMPETITIVENESS"

A research proposal submitted in partial fulfillment of the course Managerial

Economics-I for obtaining the degree of B.B.A L.L.B. (hons) during the academic
session
2019-20.

Submitted by:
Sarthak Shukla
Roll No. 2038

Submitted to:
Dr. Shivani Mohan
Faculty of Managerial Economics
Chanakya National law University

(August, 2019)
Chanakya National Law University, Nyaya Nagar Mithapur, Patna – 800001

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 INTRODUCTION
With development in means of transportation, communication trade of goods among different
nation became easier and convenient. Further, development in technologies facilitated better
products day by day. Moreover openness of nation for foreign investments, with
communication awareness among consumers developed for competitive goods. Thereby giving
opportunities to different producer, manufacturer and service providers to provide their goods
and services in an international market. These factors lead to emergence of number of such
producers in a nation. The revenues generated by these businesses further go on to shape a
nation’s economy.

The World Economic Forum defines global competitiveness as "the ability of a country to
achieve sustained high rates of growth in gross domestic product (GDP) per capita." One of
key issues of any government is ensuring high living standards for its citizens and maintaining
it. The implementation of this issue depends on labour productivity, quality of goods and
services produced within the given country, as well as the efficiency of production and
regulation processes. The issue of maintaining sustainable economic growth and continuously
improving country’s national competitiveness are strongly interrelated. Competitiveness is a
multidimensional and dynamic category, which is the main driver force of market economy
and economic development. Competitiveness is defined as the ability of a firm, an economic
sector or the entire economy to have sustainable development, high levels of wages and
income, economic welfare and at the same time, stay open for international markets. Recent
developments of international economic relations and especially increasing interdependence of
economies, formation and development of financial and commodity markets raise the
imperative of improving an economy’s international competitiveness. The need to study
economic competitiveness is closely related to the country's economic development and living
standards of the population; thus is considered to be one of the main dimensions of the
country’s economic policy. Policies of a country directly paves way for the development of an
economy therefore government play crucial role in enhancing an economy. Many international
organizations, research groups, as well as individual researchers analyse the issues of
assessment and improvement of the level of international competitiveness. There are various
approaches in assessment of the level of competitiveness (i.e. Global Competitiveness index,
IMD World competitiveness yearbook, etc.).

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 OBJECTIVES OF STUDY

 The main objective of this project is to study the impact of global competitiveness on
an economy.
 The researcher aims to study how competitiveness impact development of a nation.
 The researcher aims to study how competitiveness facilitates in development of goods
and services.

HYPOTHESIS

The researcher believes that competition among economies in global market facilitates
development of nation eventually developing basic facilities and living standard of people.

RESEARCH QUESTIONS

 Whether competition among economies is healthy for survival of individual

economies?
 How global competition effect a nation’s interest?
 Impact of global competition on a nation’s GDP?

RESEARCH METHODOLOGY

The researcher has adopted for the doctrinal form of research methodology using the
published articles, journals, books and previous research works.

SOURCES OF DATA

SECONDARY: Books and websites

LIMITATION OF THE STUDY

The researcher has monetary and time limitation in completing the project.

TENTATIVE CHAPTERS

1. Global Competition; An overview.

2. Factors effecting competition.
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3. Impact of competition on a nation’s development.
4. Impact of global competition on emerging or poor economy.
5. Conclusion & Suggestion.