Knowledge-Based Economy in the Competitiveness Equation. The Case of the Republic of Serbia

Natasa Tosic and Nicolae Iordan-Constantinescu

MPRA Paper from University Library of Munich, Germany

Abstract: The study presents the new approaches of the knowledge‐based economies and competitiveness policy using two major indexes and methodologies developed by two prestigious world institutions, the World Bank and the World Economic Forum, as well as the practical consequences of their implementation at the level of individual economies in a dynamic globalised world. The main conclusion derived from the study is that without firm and steady measures for a comprehensive implementation of the mix of policies included in the two indexes, there are fewer chances of winning a better position of a country in the global concert of people and increasing the nation's wealth and standard of living. A particular attention is given to the case of the Republic of Serbia, candidate country to the European Union, pointing out both the achievements and the need for further action at the national level.

Keywords: knowledge‐based economy; competitiveness; globalisation; Global Competitiveness Index; Serbia (search for similar items in EconPapers)
JEL-codes: E42 E61 F36 F43 G15 O47 (search for similar items in EconPapers)
Date: 2014-08-01
New Economics Papers: this item is included in nep-cse, nep-knm, nep-mac and nep-tra
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Published in Journal; of Euro and Competitiveness Issue nr. 2/2014.I(2014): pp. 85-93

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:58081

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