Open AccessCompetitiveness of Serbian economy measured by the indexes of competitiveness of the World Economic Forum 2007-2008
Author(s) -
Vesna Paraušić,
D. Cvijanović
Publication year - 2007
Publication title -
zbornik matice srpske za društvene nauke/zbornik matice srpske za društvene nauke
Language(s) - English
Resource type - Journals
eISSN - 2406-0836
pISSN - 0352-5732
DOI - 10.2298/zmsdn0723155p
Subject(s) - prosperity , productivity , serbian , economics , currency , capital (architecture) , standard of living , world economy , international economics , monetary economics , market economy , macroeconomics , economic growth , geography , political science , linguistics , philosophy , archaeology , law
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