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Wifo: Economy Remains Competitive Despite High Wages

Published: September 18, 2013; 17:49 · (Vindobona)

Head of Wifo (Austrian Institute for Economic Research), Karl Aiginger, calls for a change of views in economic policy as competitiveness is more than just low costs.

Wifo: Economy Remains Competitive Despite High Wages / Picture: © Flickr

According to Aiginger international competitiveness and economic growth are about obtaining social goals, particularly high wages, employment, social cohesion and environmental sustainability. With this concept a country is able to compete internationally Aiginger declared and demands a change of views in economic policy.

In Europe, countries as diverse as Switzerland, Denmark,…

This article includes a total of 290 words.

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