Review article

Competitiveness of the economy of the Republic of Croatia

Dragutin Vurnek ; Libertas International University, Zagreb, Croatia
Zlatko Hodak ; Libertas International University, Zagreb, Croatia
Andrea Bengez orcid.org/0000-0002-9562-0768 ; Libertas International University, Zagreb, Croatia

Abstract

The success of an economy is expressed by the level of competitiveness, which is one of the most important factors of its dynamic efficiency, economic growth and development. Competitiveness is a concept we all want to achieve. That is why each country improves the competitiveness of its economy. This work presents the state of the economic competitiveness in the Republic of Croatia through the basic determinants of competitiveness and the assumptions for achieving the acceptable level of competitiveness. There is a comparison of the most competitive countries in the world, as well as the comparison of the Republic of Croatia with the surrounding countries. The paper also outlines the measures that the Republic of Croatia should take in order to increase its index of competitiveness. The aim of the work is to show the competitiveness of the Republic of Croatia at the global level, compared to the reference countries and the surrounding countries. The key purpose of this work is to point to the need to establish a quality and efficient institutional surroundings, which would create a stimulating environment for successful implementation of economic activities to improve the competitiveness of the Republic of Croatia in order to create long-term, stable and sustainable conditions for economic growth and sustainable development.

Keywords

competitiveness; economy; the Republic of Croatia; development; resources

Hrčak ID:

221251

URI

https://hrcak.srce.hr/221251

Publication date:

19.6.2019.

Article data in other languages: croatian

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