Original scientific paper
GLOBALIZATION, COMPETITIVENESS AND ENVIRONMENT
Kasim Tatić
Adnan Rovčanin
Zijad Džafić
Abstract
Our goal in this paper is to highlight the role and significance of the environment and natural resources in the process of creation of competitive advantages in a globaly connected world. It is possible to define the process of globalization on different levels: worldwide, specific country, specific industry and specific company. Globalization on different levels leads toward continuous requests for increased competitiveness. We would like to show the mechanism through which economic growth in a globalized world leads to environmental degradation and overexploitation of natural resources. Most developed countries admited significant environmental quality deterioration and natural resources overexploitation as a consequence of high rates of economic growth. In other words, the economic growth pattern was recognized as unsustainable in the long run. We shall make a critical review of particular indicators of competitiveness and sustainability, primarily of the Growth Competitiveness Index and Environmentaly Sustainability Index. We would like firstly to show important shortfalls of each of them, and secondly would like to propose certain improvements in the form of the creation of a entirely new synthetic indicator – Sustainable Development Competitiveness Index. That index (however still imperfect) might serve as a much better and reliable guidance for all the countries on their road toward genuine sustainability.
Keywords
globalization; competitiveness; economic growth; environment; sustainability
Hrčak ID:
21486
URI
Publication date:
15.12.2006.
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