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Thereafter, Brazil has been slowly gaining competitiveness against Argentina.
In the 1930s, it is true, with one country after another depreciating its currency, no one ended up gaining competitiveness relative to anyone else.
For a while, the easy-money boom allowed everyone to overlook the fact that peripheral economies like Greece's or Portugal's were not gaining competitiveness or "converging," but amassing unsustainable deficits and debt.
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Exports would have gained competitiveness, stimulating some growth.
To gain competitiveness, the companies need to procreate new products or eliminating the existing contradictory states.
The euro has gained competitiveness in recent years: it has jogged between 80% and 90% of its January 1999 value for over a year.
In a currency war, where each side fights to gain competitiveness against the others, these tumbling exchange rates presumably count as victories.
In a monetary union, with the nominal exchange rate irrevocably fixed, it is not possible to gain competitiveness by currency depreciation.
"Since the launch of the euro, Germany has constantly gained competitiveness against its euro-peers," said Nicolaus Heinen, expert on economic and European policy issues at Deutsche Bank.
By the 1950s Toyota's automobile production factories were back in operation, and to gain competitiveness the company began a careful study of American automobile manufacturers, owing to perceived U.S. technical and economic superiority.
Since the introduction of the euro at the beginning of 1999, the European Central Bank calculates that Germany has gained competitiveness, not only against other major industrial nations but against all other members of the euro zone.
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