Drivers of Competitiveness
Course Number 1175
Associate Professor Diego A. Comin
Fall; Q2; 1.5 credits
Future managers that want to improve the productivity and competiveness of their companies by understanding the challenges and opportunities that macroeconomic and institutional factors create. Investors that realize that the return on any asset eventually is driven by the macroeconomic context and that this cannot be understood without a sound knowledge of the drivers of productivity.
Productivity and competitiveness have become hot topics among managers and policy-makers. In general, we care about productivity because the factors that drive a country's productivity determine current and future living standards. Managers' interest stems from the fact that the performance of companies has become increasingly sensitive to macroeconomic and institutional factors. Understanding how regulations, policies, growth in other countries and so on affect the productivity and performance in international and domestic markets of a company is essential to design a successful strategy.
"Drivers Of Competitiveness" provides future managers with the toolkit necessary to evaluate and design strategies that maximize a company's productivity and competitiveness in a variety of macroeconomic and institutional settings. The toolkit emphasizes both the drivers of productivity as well as the interactions that exist between competitiveness and future productivity. It also sheds light on recent macroeconomic phenomena and significant international trends by studying them from the perspectives of productivity and global competitiveness.
Course Content and Organization
Through a series of cases, lectures and company visits, the course presents a new framework to analyze the drivers of productivity and competitiveness for companies and countries. The course is organized to (i) lay out the foundations of the framework, and (ii) apply it to study companies, sectors and countries at different levels of development, institutions and international contexts.
The course is organized in three segments each of them emphasize the interaction between productivity and competitiveness and:
- Labor and financial markets
- Innovation and innovation policy
Other EC courses that complement this course: IXP Course: Peru