Regional Benchmarking in a Global Context: Knowledge, Competitiveness, and Economic Development

Abstract

Benchmarking exercises have become increasingly popular within the sphere of regional policy making. However, most exercises are restricted to comparing regions within a particular continental bloc or nation. This article introduces the World Knowledge Competitiveness Index (WKCI), which is one of the very few benchmarking exercises established to compare regions across continents. The article discusses the formulation of the WKCI and analyzes the results of the most recent editions. The results suggest that there are significant variations in the knowledge-based regional economic development models at work across the globe. Further analysis also indicates that Silicon Valley, as the highest ranked WKCI region, holds a unique economic position among the globe's leading regions. However, significant changes in the sources of regional competitiveness are evolving as a result of the emergence of new regional hot spots in Asia. It is concluded that benchmarking is imperative to the learning process of regional policy making.

Factors affecting the receivables turnover

“…vonkajšia konkurencieschopnosť hodnotí konkurencieschopnosť krajiny pomocou exportnej výkonnosti, teda ako schopnosť národných ekonomík vstupovať na zahraničné či medzinárodné trhy a dosahovať na nich kladné výsledky. (Huggins, Izushi, 2009) Významnejšie je tzv. agregátne chápanie makroekonomickej konkurencieschopnosti, ktoré hodnotí nielen exportnú výkonnosť, ale aj celkový stav ekonomiky, rast HDP, zamestnanosť, či životnú úroveň obyvateľstva.…”

Global Cities and Socioeconomic Inequality: A Pathways Inquiry

“…111-112). Huggins and Izushi (2009) make an association of such agglomeration of "intellectuals" with an MSA's "knowledge competitiveness" worldwide. Speaking to magnitudes of difference among metropolitan areas, a Brookings study argues that "agglomerations of highly skilled workers and…the innovation sector has…helped spawn a growing gap between the nation's dynamic 'superstar' metropolitan areas and most everywhere else" (Atkinson, Muro and Whiton, 2019).…”

Sustainable Human Development

“…Instead, the transversal focus of this perspective (the factors enabling territorial well-being and capability expansion) seeks to identify those trends and processes that characterize SHD patterns across different contexts (as shown in the case studies -see chapters 4 and 5). It follows that it is of crucial importance to systematically analyse place-based SHD processes characterizing different realities, for the purposes of learning-by-comparing (Hospers and Beugelsdijk, 2002), regional benchmarking 26 (Huggins, 2009;Crescenzi and Rodríguez-Pose, 2011;Navarro Arancegui et al, 2012) and investigating diffused -if not universal -territorial processes of capability expansion.…”