THE PRIORITY DIRECTIONS OF NATIONAL ECONOMY DEVELOPMENT
IMPACT OF THE BUSINESS SOPHISTICATION INDICATORS ON THE REAL ECONOMIC INDICATORS
Goran Balotić, Slađana Paunović, Jelena Mićić
Abstract: The basic precondition for good economic performance of a country, expressed through key macroeconomic indicators such as the industrial production level, GDP, exports and unemployment, lies in the competitive strength of its economy. Since the competitiveness of an economy is based on the competitive strength of its companies, the paper analyzes the factors which directly act on the micro-economic level, and in the case of developed countries, contribute to their overall economic prosperity. Business sophistication is the main subject of this work, particularly in the segment concerning its impact on overall economic dynamics, both those of most developed countries and those of developing countries, which are in various phases of transition process.
Keywords: Competitiveness of economy, Real macroeconomic indicators, Business sophistication, Competitive capacity of companies, GCI.
Published: p. 109-118
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