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Stimulating the Competitiveness of the Macedonian Economy through the Process of Stimulation the Internationalization of the Companies

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  • Jovanka Damoska Sekuloska

    (University of Information Science and Technology “St. Paul the Apostle”, Republic of Macedonia)

Abstract

The research in this paper is to be focused on examining the internationalization of the Macedonian companies as a prerequisite in improvement of Macedonian competitiveness. Internationalization as a process of integration in international economic activities contributes to overcome the sizes of national markets. According to the World Economic Forum (WEF) the size of the market is one of the pillars of competitiveness and it is revealed as one of the limitation of the competitiveness of Macedonian economy. The contemporary theories of competitiveness recognize the necessity of quantitative and qualitative improvement of the process of internationalization of the companies. Quantitative improvement means involving not only trade but also outward FDI and the new quality signifies the necessity of restructuring the economic activities towards employing and creating innovation based processes, as (Porter, 1990)accents that a nation’s competitiveness depends on the capacity of its industry to innovate and upgrade. Using data of some target Central European and Baltic (CEB) economies, it will be examined interrelationships between the internationalization and competitiveness and policies that influence the improvement and stimulation of internationalization process.

Suggested Citation

  • Jovanka Damoska Sekuloska, 2015. "Stimulating the Competitiveness of the Macedonian Economy through the Process of Stimulation the Internationalization of the Companies," Eurasian Journal of Business and Management, Eurasian Publications, vol. 3(3), pages 26-36.
    • Handle: RePEc:ejn:ejbmjr:v:3:y:2015:i:3:p:26-36
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    References listed on IDEAS

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    2. Hee‐Jae Cho & Vladimir Pucik, 2005. "Relationship between innovativeness, quality, growth, profitability, and market value," Strategic Management Journal, Wiley Blackwell, vol. 26(6), pages 555-575, June.
    3. Jeffrey D. Sachs & Andrew Warner, 1995. "Economic Reform and the Process of Global Integration," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 26(1, 25th A), pages 1-118.
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    Cited by:

    1. Huarng, Kun-Huang & Yu, Tiffany Hui-Kuang, 2022. "Analysis of Global Innovation Index by structural qualitative association," Technological Forecasting and Social Change, Elsevier, vol. 182(C).

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