Sociology and Anthropology Vol. 5(11), pp. 901 - 909
DOI: 10.13189/sa.2017.051101
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Analysis of the Competitiveness of Serbia in Relation to the Region Countries Established by the New Index of Competitiveness

Aleksandar Kuzmanovic ^*
Financial Manager, City of Aleksinac, State Republic of Serbia

ABSTRACT

Competitiveness has become the dominant economic theme. Its character, in addition to the traditional supply needs to be more competitive or better than others, contributed to the world economic crisis through which passes all the economy, including the Serbian. The importance of competitiveness stems from the fact that it finds its use of all available resources. For each country, it is important to look at the quality of the use of available resources. Serbia since the beginning of the 2008 crisis, until now, achieved worsening levels of competitiveness. The research work highlights the basic directions of deterioration or improvement, competitive position during the crisis. The subject of the work is meaningful because the competitiveness of each country is based on the productivity of the use of all available resources. The level of competitiveness made by Serbia in 2016 - 90^th in the world, among 138 countries - is not satisfactory even though Serbia has significant potential for raising its competitiveness. This is especially confirmed by the fact that at the level of GDP, according to purchasing power parity, Serbia is on the 70^th place in the world. By the analysis of indicators of competitiveness and quality of business we have pointed out the competitive disadvantages of Serbia and we have defined the trajectory of how competitive advantage can be achieved. The analysis is based on a comparison of 2007 and 2016. In addition to the analysis of the competitive position of Serbia, a sample of countries in the region is also analysed to determine the position of Serbia in the region from the perspective of the level of competitiveness.

KEYWORDS
Competitiveness, a New Global Index of Competitiveness, Indicators of Competitiveness

Cite This Paper in IEEE or APA Citation Styles
(a). IEEE Format:
[1] Aleksandar Kuzmanovic , "Analysis of the Competitiveness of Serbia in Relation to the Region Countries Established by the New Index of Competitiveness," Sociology and Anthropology, Vol. 5, No. 11, pp. 901 - 909, 2017. DOI: 10.13189/sa.2017.051101.

(b). APA Format:
Aleksandar Kuzmanovic (2017). Analysis of the Competitiveness of Serbia in Relation to the Region Countries Established by the New Index of Competitiveness. Sociology and Anthropology, 5(11), 901 - 909. DOI: 10.13189/sa.2017.051101.