What is it?
Can a country be considered competitive or uncompetitive, analogously to its firms? National competitiveness has been defined as the "ability of a country to produce goods and services that meet the test of international markets and simultaneously to maintain and expand the real income of its citizens." And again: "National competitiveness refers to a country's ability to create, produce, distribute and/or service products in international trade while earning rising returns on its resources". These definitions are consistent with the term "international competitiveness," which brings to mind the idea that each nation is viewed like a big corporation competing in the global market place.
" the Maltese economy is comparable to the size of some multinational corporations. "
Indeed, this definition fits Malta perfectly, because the size of the Maltese economy is comparable to the size of some multinational corporations. This suggests that our country can be likened to a business competing internationally for the attention of its global customers.