Against this challenge, one of the elements gaining in importance in fostering countries' competitiveness is education. ... While all of these factors are likely to be important for competitiveness and growth, they are not mutually exclusive-two or more of them can be significant at the same time, and in fact that is what has been shown in the economic literature. ... Although the economic literature has focused mainly on public institutions, private institutions are also an important element of the process of creating wealth. ...

• Word Count: 4162
• Approx Pages: 17
• Has Bibliography
• Grade Level: Graduate