How does diversity impact national competitiveness?
Mubiri, Frank (2021)
Mubiri, Frank
2021
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2021061716198
https://urn.fi/URN:NBN:fi:amk-2021061716198
Tiivistelmä
In the modern global economy, the countries-level of competitiveness has emerged as an essential factor. Numerous studies have been done on the impacts of economic and institutions main factors´ of national competitiveness. However, the influence of soft factors has not been considered as a source of national competitiveness. In this regard, the objective of this research was to assess the impact of diversity, a soft factor in the contribution to national competitiveness. The World Economic Forum’s (WEF) Global Competitive Index (GCI) was used as a theoretical framework for this study.
A sample of 141 countries was taken from trustworthy and well-known organisations such as WEF’s GCI and social progress index. A cross-sectional method was implemented based on the gathered quantitative secondary data. Two models were built to test the formulated hypotheses, and the SPSS software tool was utilized for the descriptive statistics, correlation, and multiple linear regression analysis.
The results indicated a positive correlation between diversity, innovation capability and competitiveness, suggesting an impact. Moreover, diversity was shown to influence national competitiveness through additional variables such as R&D and scientific publications, which positively contributed to national competitiveness.
Furthermore, practical implications on achieving competitive advantage and future suggestions were presented.
A sample of 141 countries was taken from trustworthy and well-known organisations such as WEF’s GCI and social progress index. A cross-sectional method was implemented based on the gathered quantitative secondary data. Two models were built to test the formulated hypotheses, and the SPSS software tool was utilized for the descriptive statistics, correlation, and multiple linear regression analysis.
The results indicated a positive correlation between diversity, innovation capability and competitiveness, suggesting an impact. Moreover, diversity was shown to influence national competitiveness through additional variables such as R&D and scientific publications, which positively contributed to national competitiveness.
Furthermore, practical implications on achieving competitive advantage and future suggestions were presented.