Problematic Issues of Competitiveness in Latvia
Problematic Issues of Competitiveness in Latvia

Summary/Abstract: The article deals with problematic issues of competi-tiveness in Latvia in the context of Latvia having joined the European Union and other international organisa-tions (WTO, OECD and others). Along with the positive aspects Latvia is facing more severe conditions of com-petition in all spheres after joining these organisations, as during the recent years competition has been intensi-fying both in Europe and throughout the world. The re-sults of investigations into competitiveness of countries are used for considering the prospects of economic de-velopment of the countries and for their comparison. To a certain extent strategic conditions of a country within the system of international division of labour are deter-mined by the level of its macro economic competitive-ness. To estimate the level of competitiveness of Latvia the model of the Organisation for Economic Co-operation and Development (OECD) was applied. Ac-cording to the results of these calculations macro eco-nomic competitiveness in Latvia is sufficiently high. However, according to the data of a number of compe-tent international organisations it has been found that concerning a number of indices Latvia lags behind not only the advanced European countries, but also behind its neighbouring countries – Lithuania and Estonia. As a result its real competitiveness is much lower than that of Lithuania and much worse than of Estonia. Latvia should do much especially in the field of public development of the country, which will promote its competitiveness.

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