Comparative country studies. Case of V4 countries
AbstractAfter 1990 V4 countries have made significant improvement in terms of economic growth and international competitiveness. Transition from centrally planned to market economy through shock therapy in Poland and other slowest methods used in other Visegrad countries have started new period in V4 history. Integration with European Union intensified the economic development. This paper focuses on the competitiveness aspect of V4 countries. Author investigates which of these countries is the most competitive according to Global Competitiveness Index, emphasizing the strengths and weaknesses of the examined economies. Main research methods are comparative analysis and historical case studies used to present role of competitiveness in studied countries. The analysis shows a clear gap between V4 countries. Czech Republic is being classified as innovation-driven economy, as opposed to the Poland, Slovak Republic and Hungary which are classified under transition from stage 2 (efficiency driven economics) to stage 3 (innovation-driven economies). Moreover author will try to verify hypothesis measuring correlation between competitiveness and economic growth (GDP). Based on literature review and data analysis suggestions for policy makers are provided.
|Publication size in sheets||0.6|
|Book||Association of Economists and Managers of the Balkans: Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture. Conference Proceedings, 2017, Association of Economists and Managers of the Balkans, ISBN 978-86-80194-08-0, 953 p.|
|Keywords in English||Comparative country studies, Economic growth, Competitiveness|
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