It is not this is a concept of economic theory, but a political buzzword, if not a rubber term.
Who wins in a competition the upper hand, the nature of the case term referred to or other things, to see always relative. Because this depends not only on the strength of one, but always also on the weakness of others.
It comes with an international unrestrained free trade always important that the person who buys the debt against the other. A country like Germany will become a permanent trade surplus, is this dependent on others to be constantly ready to import more than it exports. In the long run, this may not go well - but only if someday the one who achieved the surplus that is willing to finance the demand for it themselves or to allow the debtor pay back its debts.
This implies that one of the short-term perspective of the "active trade balance" and the modern tradition in Germany, "neo-mercantilism 'was adopted.
as little as you can force the unemployed, retired or disabled to do so by law, accept a job that does not exist at the labor market, little can be economies compel the repayment of debts if given the same opportunities for growth by externally imposed Austeritätskurs cut. With such political myopia punish countries that pursue the so-called "austerity plan", not just the "debt sinners" sondern sich letzten Ende selber. Ansgar Belke
: Wettbewerbsfähigkeit - Eine Obsession Europas? DIW 22. September 2010.
CSL What interest to be competitive if we are regressing socially? Elements for invalidation of the decline thesis "competitive" Luxembourg companies and comment on public finances.
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