Global Competitiveness

Definition ∞ Global Competitiveness refers to the ability of a nation, region, or industry to produce goods and services that meet the test of international markets while sustaining or expanding the real incomes of its citizens. In the context of digital assets, it measures how effectively a jurisdiction or its firms can attract capital, talent, and innovation compared to others worldwide. Factors include regulatory clarity, technological infrastructure, and access to funding.
Context ∞ The Global Competitiveness of nations in the digital asset space is a significant driver of policy decisions and economic strategies. Jurisdictions compete to create favorable environments for blockchain businesses, impacting capital flows and talent migration. A critical future development is the establishment of harmonized international regulatory frameworks that could standardize operational conditions and reduce market fragmentation.