01
Jun 2024
Industrial competitiveness refers to the ability of a country or company to produce goods and services that meet the quality standards of international markets while maintaining or increasing the standards of living for its people. It encompasses factors such as productivity, innovation, cost efficiency, and market adaptability. High competitiveness involves robust infrastructure, skilled labor, and advanced technology. Government policies, economic stability, and access to capital also play crucial roles.
01
Oct 2018
Despite these challenges, the benefits are significant, driving industrial growth, technological advancement, and economic interdependence. The import and export of industrial machinery thus remain vital for modern industrial and economic development.