Investment in competitiveness: Prerequisite for sustainable development of the Republic of Serbia

Competitive advantage of any given economy is the result of systemic measures and mechanisms, but also of the macroeconomic policy instruments, environment, and managerial and commercial capabilities, together with geographic, organizational, demographic and resource indicators. Preservation of a st...

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Bibliographic Details
Published in:Bankarstvo 2014, Vol.43 (4), p.146-163
Main Authors: Nestorovic, Olgica, Stankovic, Aleksandra
Format: Article
Language:English
Subjects:
competitiveness
education
foreign direct investments
human resources - capital
innovation
knowledge
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Summary:Competitive advantage of any given economy is the result of systemic measures and mechanisms, but also of the macroeconomic policy instruments, environment, and managerial and commercial capabilities, together with geographic, organizational, demographic and resource indicators. Preservation of a stable and sustainable economic growth is inconceivable without competitiveness and modernization of economy in the sense of innovative activities and the knowledge-driven economy. Competitiveness is being expressed today through the Global Competitiveness Index - GCI, according to which Serbia is occupying the 101st position out of the total of 148 countries.
ISSN:1451-4354
2466-5495
DOI:10.5937/bankarstvo1404146N