The dimensionalization of the national competitiveness concept follows this exhaustive yet
parsimonious principle. The concept was first dimensionalized into two dimensions, current state
and future prospect. Although one may argue this dimensionalization is not exhaustive because it
should include an extra dimension, i.e., the past record, I was aware of this but nevertheless
excluded the construct of ‘past record’ from the framework because what are most interesting to
and important to scholars are the current state and future prospect, not the past record.