COMPETITIVENESS OF NATIONAL ECONOMIES ACCORDING TO THE CONCEPT OF THE WORLD ECONOMIC FORUM AND LABOR PRODUCTIVITY
COMPETITIVENESS OF NATIONAL ECONOMIES ACCORDING TO THE CONCEPT OF THE WORLD ECONOMIC FORUM AND LABOR PRODUCTIVITY

Summary/Abstract: The topic of the research is the competitiveness of national economies according to the World Economic Forum (WEF), on the one hand, and the productivity of these same economies on the other. The detailed concept, definition and methodology of measuring competitiveness are presented, as well as different understandings of macroeconomic productivity and methods of its measurement. Everything was done in order to determine the connection between these phenomena and check the basic WEF setting that competitiveness determines productivity. The analysis uses the current data of the International Labor Organization (ILO) and The Global Competitiveness Report 2019. From the point of view of measurement, one of the variable ordinal (position) and the other type Scale for testing the hypothesis will be used test. The SPSS software package will be used for data processing. The obtained result unequivocally indicates that strong conditionality of the position of the economy on the ranking of competitiveness with the achieved results in productivity has been confirmed. This knowledge is worthy in terms of promoting the high value and importance of the competitiveness of national economies by the concept of WEF. Thus, it can be concluded that if the productivity of the entire economy is to be improved, the most reliable way is to build a more competitive economy.

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