How does OCEA incorporate competitiveness analysis into its program of work?
Competitiveness means different things to different people. To an economist, it may mean how well a country is performing compared to other economies, as embodied in the standard of living and changes in national productivity. To a policy maker, it may mean how a new regulation changes the ability of affected businesses to compete. To a business owner, it may mean changes in profitability as reflected in market share for its goods and services in a low-cost market place. There is no clear-cut definition of competitiveness that is acceptable to all. Thus, it is necessary to interpret competitiveness as best suits one’s needs and mission. OCEA’s mission is to provide critical economic and policy analysis and information to promote U.S. business competitiveness, and to evaluate industry perspectives for domestic policy development, assessment, and implementation. With these twin considerations as guidelines, OCEA’s program of work on business competitiveness is founded upon economic and p
