Stimulating the Competitiveness of the Macedonian Economy through the Process of Stimulation the Internationalization of the Companies

Jovanka Damoska Sekuloska ()
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Jovanka Damoska Sekuloska: University of Information Science and Technology “St. Paul the Apostle”, Republic of Macedonia

Eurasian Journal of Business and Management, 2015, vol. 3, issue 3, 26-36

Abstract: The research in this paper is to be focused on examining the internationalization of the Macedonian companies as a prerequisite in improvement of Macedonian competitiveness. Internationalization as a process of integration in international economic activities contributes to overcome the sizes of national markets. According to the World Economic Forum (WEF) the size of the market is one of the pillars of competitiveness and it is revealed as one of the limitation of the competitiveness of Macedonian economy. The contemporary theories of competitiveness recognize the necessity of quantitative and qualitative improvement of the process of internationalization of the companies. Quantitative improvement means involving not only trade but also outward FDI and the new quality signifies the necessity of restructuring the economic activities towards employing and creating innovation based processes, as (Porter, 1990)accents that a nation’s competitiveness depends on the capacity of its industry to innovate and upgrade. Using data of some target Central European and Baltic (CEB) economies, it will be examined interrelationships between the internationalization and competitiveness and policies that influence the improvement and stimulation of internationalization process.

Keywords: Competitiveness; Internationalization; Export; Outward FDI (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ejn:ejbmjr:v:3:y:2015:i:3:p:26-36

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