How can international competitiveness be encouraged with macroeconomic policies?

Macroeconomic policies can encourage international competitiveness in the following ways:

• By lowering the tax rates to stimulate investment and enterprise. By keeping tax rates low, companies will be able to sell their products at a competitive price in the international market.
• The government may use monetary policy to reduce the interest rates. Reduced interest rates will attract more individuals to borrow from commercial banks and invest money in different sectors. This will lead to a country's economic growth hence becoming competitive internationally.
• Investing in human capital. The government, through fiscal policy, may increase its spending rate to invest in human capital by offering training and education to the locals. Better skills will lead to more innovation, thus making the country competitive.