Competitiveness of Serbian economy measured by the indexes of competitiveness of the World Economic Forum 2007-2008

In: Zbornik Matice Srpske za društvene nauke: Proceedings for social sciences, Heft 123, S. 155-172

Abstract

True competitiveness is measured by productivity. Productivity supports high wages, a strong currency, and attractive returns to capital and with them a high standard of living. The world economy is not a zero-sum game. Many nations can improve their prosperity if they can improve productivity. The central challenge in economic development is how to create the conditions for rapid and sustained productivity growth.