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Knowledge-Based Economy in the Competitiveness Equation. The Case of the Republic of Serbia

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  • Tosic, Natasa
  • Iordan-Constantinescu, Nicolae

Abstract

The study presents the new approaches of the knowledge‐based economies and competitiveness policy using two major indexes and methodologies developed by two prestigious world institutions, the World Bank and the World Economic Forum, as well as the practical consequences of their implementation at the level of individual economies in a dynamic globalised world. The main conclusion derived from the study is that without firm and steady measures for a comprehensive implementation of the mix of policies included in the two indexes, there are fewer chances of winning a better position of a country in the global concert of people and increasing the nation's wealth and standard of living. A particular attention is given to the case of the Republic of Serbia, candidate country to the European Union, pointing out both the achievements and the need for further action at the national level.

Suggested Citation

  • Tosic, Natasa & Iordan-Constantinescu, Nicolae, 2014. "Knowledge-Based Economy in the Competitiveness Equation. The Case of the Republic of Serbia," MPRA Paper 58081, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:58081
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    File URL: https://mpra.ub.uni-muenchen.de/58081/1/MPRA_paper_58081.pdf
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    References listed on IDEAS

    as
    1. Burja Vasile & Burja Camelia, 2013. "Drivers Of Knowledge Economy In The Eu’S Developing Countries," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 10-15, April.
    2. Iordan-Constantinescu, Nicolae & Dusa, Silvia, 2014. "Consideration on the single currency seen from a competitiveness perspective," MPRA Paper 56520, University Library of Munich, Germany.
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      More about this item

      Keywords

      knowledge‐based economy; competitiveness; globalisation; Global Competitiveness Index; Serbia;
      All these keywords.

      JEL classification:

      • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
      • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
      • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
      • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
      • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
      • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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