- Year: 2010
- Author: Huggins, Robert; Thompson, Piers
- Publisher: Centre for International Competitiveness
- Published Location: Cardiff, United Kingdom
- ISBN: 1902829077
- Country: United Kingdom
The UK Competitiveness Index, which was first introduced in April 2000, represents the most up-to-date, thorough and authoritative benchmarking of the competitiveness of the UK's regions and localities.
The UK Competitiveness Index has been designed as an integrated measure of competitiveness focusing on both the development and sustainability of businesses and the economic welfare of individuals. In this respect, we consider the most appropriate definition of competitiveness to be the capability of an economy to attract and maintain firms with stable or rising market shares in an activity, while maintaining stable or increasing standards of living for those who participate in it. This makes clear that competitiveness is not a zero-sum game, and does not rely on the shifting of a finite amount of resources from one place to another.