Economic Themes (2013) 51 (4) 6, 695-712
Gordana Đurović, Nikola Milović
Abstract: Competitive economy is the economy that is able to create a high and sustainable level of living standards, enabling all the members of society to contribute and to benefit from the level reached in prosperity. In the context of competitiveness analysis on a global level, The World Economic Forum has been studying Europe’s competitiveness for more than three decades. Over the years, the WEF has carried out a number of Europespecific competitiveness reports covering Member States and enlargement countries that assess overall Europe’s progress in accomplishing its competitiveness agenda. The recent WEF publication: “The Europe 2020 Competitiveness Report: Building a More Competitive Europe”(2012) has focused attention upon creation of The Europe 2020 Competitiveness index following proposed development goals from new European competitiveness agenda adopted in 2010. This paper provides an analysis and evaluation of the approach taken by the WEF in measuring level of competitiveness of the EU, its Member States and selected enlargement countries. All countries of the region, including Montenegro, by fulfilling the overall institutional conditions for EU accession, especially economic criteria of readiness for membership, i.e. dealing with competition coming from the large market - are required to define the vision of socio-economic development, its development directions through which they would harmonize with the framework Europe 2020 strategy.
Keywords: Europe 2020; Competition Index Europe 2020; the European Union; Candidate countries; Montenegro development directions
FULFILLING THE GOALS OF EUROPE 2020 STRATEGY IN THE CONTEXT OF COMPETITIVENESS GROWTH
Gordana Đurović, Nikola Milović
Abstract: Competitive economy is the economy that is able to create a high and sustainable level of living standards, enabling all the members of society to contribute and to benefit from the level reached in prosperity. In the context of competitiveness analysis on a global level, The World Economic Forum has been studying Europe’s competitiveness for more than three decades. Over the years, the WEF has carried out a number of Europespecific competitiveness reports covering Member States and enlargement countries that assess overall Europe’s progress in accomplishing its competitiveness agenda. The recent WEF publication: “The Europe 2020 Competitiveness Report: Building a More Competitive Europe”(2012) has focused attention upon creation of The Europe 2020 Competitiveness index following proposed development goals from new European competitiveness agenda adopted in 2010. This paper provides an analysis and evaluation of the approach taken by the WEF in measuring level of competitiveness of the EU, its Member States and selected enlargement countries. All countries of the region, including Montenegro, by fulfilling the overall institutional conditions for EU accession, especially economic criteria of readiness for membership, i.e. dealing with competition coming from the large market - are required to define the vision of socio-economic development, its development directions through which they would harmonize with the framework Europe 2020 strategy.
Keywords: Europe 2020; Competition Index Europe 2020; the European Union; Candidate countries; Montenegro development directions
