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Rating-Based Management Decisions In Formulating The Competitiveness Policy Of A Region

Table 1:

Factor Features
Environmental factors
Institutional environment The capacity of a region to create an institutional environment that stimulates the activity of all economic actors, ensures sustained economic growth, produces internationally competitive goods and services, and improves the living standards of the population
Market environment Institutional, economic and social situation of regional producers in domestic and external markets
Competitive environment Ability of regional producers to sell their products, maximum ability to commercialize the region’s products
Internal factors
Adaptability The ability of regions to adapt to changing conditions in terms of retaining or improving positions among rival regions
Productivity Productivity of regional resources
Living standards The ability of regions to generate high income and employment while maintaining markets open to domestic and international competition
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