Uncovering global economic competitiveness in the midst of a crisis requires a deep understanding of the factors that influence international markets. Uneven global growth as a consequence of the COVID-19 pandemic has drastically changed the business landscape. Countries must adapt quickly to maintain their competitiveness. One of the main factors that determines competitiveness is innovation. Technological innovations, such as digitalization and automation, allow companies to increase productivity without significantly increasing costs. Countries that are able to adopt and utilize the latest technology have a greater opportunity to excel in the global arena. In the midst of a crisis, companies that focus on developing new products and services often fare better. The availability of quality human resources is also an important indicator. Appropriate education and training helps create a competent and adaptive workforce. Many countries are now investing in STEM (Science, Technology, Engineering, and Mathematics) education to improve the quality of their human resources, so they are ready to face global challenges. Furthermore, responsive economic policies are essential. The government must implement policies that support business, including simplifying regulations and providing incentives for key sectors. For example, fiscal stimulus programs can spur growth, encourage consumerism, and support micro, small and medium enterprises (MSMEs). This sector, although often overlooked, contributes significantly to the national economy. The trade sector also experienced a major impact in the context of global economic competitiveness. Border closures and reduced mobility of goods have slowed supply chains. Countries that have diversification in sources of goods and trading partners can be more resilient in facing market volatility. Strategic partnerships and multilateral trade agreements can increase competitiveness in difficult times. Environmental factors should not be ignored either. Amid the global climate crisis, companies that integrate sustainable practices into their business models are not only supporting the planet, but also appealing to consumers who are increasingly aware of environmental issues. Green initiatives and eco-friendly products can provide a competitive edge in the market. Social innovation is also key. Companies that focus on social responsibility often gain significant branding advantages. Consumers today prefer brands that demonstrate a commitment to social and environmental issues. Integrating these values in business strategies can strengthen their position in the global market. Finally, careful data analysis becomes increasingly important. Big data and predictive analytics help companies understand market trends and consumer behavior. Through the use of data, organizations are able to make more evidence-based decisions, so they can compete more effectively in international markets. Global economic competitiveness in the midst of a crisis is a complex challenge. However, by focusing on innovation, workforce education, responsive policies, trade diversification, sustainability, social responsibility, and data analysis, countries and companies can carve their way to recovery and sustainable growth.
