ZCMB6271 ADVANCED MICROECONOMICS FOR COMPETITIVENESS

SEM 1 SESSION 20202021 SET 1

TEST

Answer all questions. Test duration is 2 hours and 30 min. This is an open-source test but done
individually.

Email the answers to fazli@ukm.edu.my before 5.15 pm.

1) Is the new National Economic Plan sufficient to put Colombia on the right economic
trajectory? Why or Why not?

2) What is Rwandan’s Vision 2020? How does it fit (or concur) with the determinants of
competitiveness framework?

3) Describe 3 important clusters in Estonia. Explain their significance in the Estonian economy.

4) With the challenges given, formulate a cohesive strategy for Netherland to remain
competitive in flower and related flower businesses in the world market.

5) Why do you think politics distracts competitiveness? Explain.