The Industrial Competitiveness of the Next Wave of Emerging Economies

Abstract

AbstractA country’s industrial competitiveness level has a close correlation with its economic system, its industrial structure, knowledge and technology innovation, its population size and structure, its natural resource endowment, its capital scale and international trade and investment. As currently the international status and competitiveness of China’s economy are in a key period of change, the industrial cooperation and competition with the next wave of emerging economies will have increasingly prominent impacts on China’s industrial development. As a result, we have defined developing economies whose economic development levels are not high, but economic growth is relatively rapid; whose impacts on the world economy are not strong, but the degree of their economic openness is relatively high; whose potentials for the future economic growth and the industrial competitiveness are relatively prominent as the next wave of emerging economies. We have selected some representative countries such as Viet Nam, Indonesia, Malaysia, Thailand and Philippines in Asia, Honduras, Panama in Latin America and Costa Rica, Nicaragua in North America, to analyze these countries’ economic development status and their characteristics of industrial structure, and conduct studies on their industrial competitiveness compared with that of China.