EU COMPETITIVENESS‐ COMPARATIVE ANALYSES AND TRENDS

Iuliu Ivănescu

Romanian Economic Business Review, 2016, vol. 11, issue 4, 97-102

Abstract: Competitiveness is, in essence, the ability to activates and efficiently use all the necessary productive resources in order to successfully offer products or services in a world economic environment. In essence to be competitive means to export more in value added terms than to import. Competitiveness is expecting to lead to a raise of all standards of living and a sustainable gross domestic product growth. A true competitive economy is one with a real trade surplus, few non-tariff barriers to imports, and with no significant subsidies addressed to exporters. Like we already said, the real test for competitiveness is the perspectives in term of economic well-being achievements and longterm development. The challenge for today Europe is to maintain the paths, to reinvent itself, to adapt to the new challenges, not only by keeping up with the global market new facts, but actually to rebuild Europe former strength and to relaunch the innovation.

Keywords: EU competitiveness; GCI; bringing back EU competitiveness (search for similar items in EconPapers)
Date: 2016
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