INFLUENCE OF THE ENVIRONMENT ON THE COMPETITIVENESS OF THE ECONOMY

TODORKA TONCHEVA

 

Abstract

Competitiveness is an evaluation on the potential of countries to reach high productivity through an innovative approach to human resources, capital and physical assets. Higher competitiveness means higher economic growth and handling of competitive pressure. Competitiveness is a complex economical category that is determined by a multitude of factors: macroeconomic stability, openness of the economy, effective management, good legal frame, stable institutions, etc. All of these factors influence the competitiveness of the economy to a different degree. During the Lisbon conference in 2000, the leaders of the European countries declared their ambition to make the European Union the “most competitive and dynamic knowledge-based economy in the world capable of sustainable economic growth with more and better jobs and greater social cohesion", by 2010. In this regard, the present paper tries to reveal the impact on economy of the natural disasters provoked by the changes in the environment.

 

Keyword(s)

competitiveness; influence of the environment; natural disasters

 

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