Competitiveness of the Czech Republic - Sustainability and the Social Aspect of Competitiveness

Udržitelnost a sociální aspekt konkurenceschopnosti

Eliška Kačírková

Acta Oeconomica Pragensia, 2015, vol. 2015, issue 1, 3-26

Abstract: The objective of the study is to analyse the Czech position in the field of global competitiveness. In the past, the only data used for evaluating the position of a country were "hard data": data that were measurable. Nowadays, many research institutions as well as scientists have come with a new idea. Not only hard data are important for a country's position in the competitiveness rank, but also soft data have to be taken into account. The General Competitiveness Index (GCI), used for measuring competitiveness, has been replaced with the Sustainability-adjusted Competitiveness Index (SCI). Two sustainability pillars are added to the general competitiveness: the social sustainability pillar and the environmental sustainability pillar. This study analyses the GCI and the SCI in the context of sustainability. The main objective is to find out how these two sustainability pillars influence the competitiveness position of the Czech Republic. The method used in the study is an analysis and comparison of the hard and soft data, which means that it is based on a multidimensional analysis used by the WEF and the IMD. The study confirms that there is an increasing influence of these soft - qualitative - data.

Keywords: competitiveness; sustainability; Czech Republic; GCI; SCI (search for similar items in EconPapers)
JEL-codes: F43 O44 P51 (search for similar items in EconPapers)
Date: 2015
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DOI: 10.18267/j.aop.462

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