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Challenges To The Sustainability Of Growth From The Global Competitiveness Perspective

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  • Manuela Unguru

Abstract

The Global Competitiveness Index GCI developed by the World Economic Forum is currently a well known and most appreciated tool for assessing global competitiveness. This article takes advantage of the complexity and richness of information embedded in this composite indicator to analyze the main challenges arising for the sustainability of growth from the perspective of global competitiveness indicators.After a brief review of the European Union (EU) member states’ current state in terms of competitiveness, the investigation is focused on the performance and dynamics of the various competitiveness determinants, that explain, on the one hand, the poor ranking of Romania in the world competitiveness scoreboard and represent, on the other hand, major barriers to sustainable development.

Suggested Citation

  • Manuela Unguru, 2017. "Challenges To The Sustainability Of Growth From The Global Competitiveness Perspective," Revista de Economie Mondiala / The Journal of Global Economics, Institute for World Economy, Romanian Academy, vol. 9(4), pages 32-48.
    • Handle: RePEc:iem:journl:v:9:y:2017:i:4:p:32-48
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    File URL: http://iem.ro/rem/index.php/REM/article/view/613/685
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    Keywords

    competitiveness; growth and development; comparative studies; European Union (EU); Romania;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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