TY - GEN
T1 - Literature review of industrial competitiveness index
T2 - 6th International Conference on Industrial Engineering and Operations Management in Kuala Lumpur, IEOM 2016
AU - Zagloel, Teuku Yuri M.
AU - Putra Jandhana, Ida Bagus Made
N1 - Publisher Copyright:
© IEOM Society International.
PY - 2016
Y1 - 2016
N2 - The dynamic of the manufacturing industries is still the dominating drive in a nation1 economic development. To develop a national manufacturing industries systematically, one needs to measure the country's special capability and develops comprehensive plans and policies that enable the government to exploit the country's economic potential. This qualitative study based on literature investigates and compares various competitiveness indices relate to industrial sector and their measurement methods. On national level, this paper reviews Global Competitive Index (GCI) and World Competitiveness Yearbook (WCY). On sector level, Competitiveness Industrial Performance (CIP) and The Global Manufacturing Competitiveness Index (GMCI) have been the objects of research. Despite of these indices and their benefits for measuring performance in industrial sector, however, this paper still argues that there should be a method that measures not only the country's potential capabilities but also its anticipated potential economic risks. Then, the paper shows the possibility to alter the method by incorporating the measurement of various risk scenarios in the future. By using the alternative method, one can hope to be able to measure the impacts of any possible economics shocks toward manufacturing industries performance. Finally, the results should also reflect the capabilities of manufacturing industries to survive in any economic shocks, and aid policy makers in developing effective policy for the industry.
AB - The dynamic of the manufacturing industries is still the dominating drive in a nation1 economic development. To develop a national manufacturing industries systematically, one needs to measure the country's special capability and develops comprehensive plans and policies that enable the government to exploit the country's economic potential. This qualitative study based on literature investigates and compares various competitiveness indices relate to industrial sector and their measurement methods. On national level, this paper reviews Global Competitive Index (GCI) and World Competitiveness Yearbook (WCY). On sector level, Competitiveness Industrial Performance (CIP) and The Global Manufacturing Competitiveness Index (GMCI) have been the objects of research. Despite of these indices and their benefits for measuring performance in industrial sector, however, this paper still argues that there should be a method that measures not only the country's potential capabilities but also its anticipated potential economic risks. Then, the paper shows the possibility to alter the method by incorporating the measurement of various risk scenarios in the future. By using the alternative method, one can hope to be able to measure the impacts of any possible economics shocks toward manufacturing industries performance. Finally, the results should also reflect the capabilities of manufacturing industries to survive in any economic shocks, and aid policy makers in developing effective policy for the industry.
KW - Competitiveness
KW - Indices
KW - Manufacturing
KW - Performance measurement
UR - http://www.scopus.com/inward/record.url?scp=85018451842&partnerID=8YFLogxK
M3 - Conference contribution
AN - SCOPUS:85018451842
SN - 9780985549749
T3 - Proceedings of the International Conference on Industrial Engineering and Operations Management
SP - 613
EP - 627
BT - 6th International Conference on Industrial Engineering and Operations Management in Kuala Lumpur, IEOM 2016
PB - IEOM Society
Y2 - 8 March 2016 through 10 March 2016
ER -