Complex Evaluation of Economic Development of the Baltic States and Poland
Complex Evaluation of Economic Development of the Baltic States and Poland

Summary/Abstract: Economic development of the states may be described by various criteria or indicators. The values of some criteria may be higher for some particular countries, while the values of others may be better for other states. Some of the criteria values are maximized, others are minimized. In this complicated and often conflicting situation it is hardly possible to determine which countries have a higher level of economic development and are considers as leaders and which are lagging behind. Even some integrated criteria used for evaluation, e. g. annual gross domestic product per capita cannot reflect all aspects of state development. The application of multiple criteria evaluation methods may give an unbiased view of the economic state of particular countries. The data obtained in multicriteria analysis of economic development of the states show the effectiveness of this approach to studying complex processes mainly because it can provide an unbiased view of the actual economic situation.

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