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2014, vol. 43, iss. 4, pp. 146-163
Investment in competitiveness: Prerequisite for sustainable development of the Republic of Serbia
aJKP 'Kruševac'
bUniversity of Kragujevac, Faculty of Hotel Management and Tourism, Vrnjačka Banja

emailo.nestorovic@jkpkrusevac.co.rs, aleksandra.stankovic@kg.ac.rs
Keywords: competitiveness; knowledge; innovation; education; human resources - capital; foreign direct investments
Abstract
Competitive advantage of any given economy is the result of systemic measures and mechanisms, but also of the macroeconomic policy instruments, environment, and managerial and commercial capabilities, together with geographic, organizational, demographic and resource indicators. Preservation of a stable and sustainable economic growth is inconceivable without competitiveness and modernization of economy in the sense of innovative activities and the knowledge-driven economy. Competitiveness is being expressed today through the Global Competitiveness Index - GCI, according to which Serbia is occupying the 101st position out of the total of 148 countries.
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article language: Serbian, English
document type: Review Paper
DOI: 10.5937/bankarstvo1404146N
published in SCIndeks: 28/05/2015