1945

Benchmarking industrial performance

IPOLICYMAKERS ACROSS THE WORLD KEEP CLOSE TRACK OF OTHER countries' industrial performance. This trend is growing, as the Web sites of many government ministries, research institutes, consultancies and international organizations show. Industrial performance, productivity, innovativeness, skills, foreign direct investment inflows and the like are constantly compared at varying levels of detail. This concern with comparative industrial performance reflects global competition and the usefulness of comparisons for policy purposes. The systematic use of comparisons, or benchmarking, c1early serves a strong need.

Related Subject(s): Economic and Social Development
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