THE ROLE OF COMPETITIVENESS ON THE SUSTAINABILITY OF THE NATIONAL REAL ECONOMY

Otilia Manta

Contemporary Economy Journal, 2019, vol. 4, issue 1, 138-146

Abstract: The sustainability of the real economy is interdependently influenced by the increase in the productivity and competitiveness of the economic sectors, as well as by the current challenges facing the economic environment not only at national level, but also globally, including: trust (lack of collaboration) between the market actors (firms, institutions, authorities), entrepreneurship (demographics, structure, business environment resilience), the dynamics of the economy, human resources and education (critical mass and quality of workforce), innovation (demand and supply research resources, critical mass of researchers and innovative firms), creativity (entrepreneurial culture, innovation community), resource efficiency and excellence (priority sectors and international competitiveness). Moreover, the influence of digital technologies (especially in the field of finance), i.e. their integration into the economic sectors, leads us to the hypothesis that they can also be introduced in the range of the current challenges, with impact on the competitiveness and the sustainability of the real economy. The objective of the paper is to integrate these challenges into a coherent, medium-term vision, support for the concrete proposals package for the sustainable development of the national economy, in line with the strategic and competitive priority areas based on the economic data resulting from the analysis of the balance sheets of economic agents at national level.

Keywords: competitiveness; digital technologies; sustainability (search for similar items in EconPapers)
JEL-codes: O32 P42 Q01 (search for similar items in EconPapers)
Date: 2019
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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