ENVIRONMENTAL DIMENSION OF SUSTAINABLE COMPETITIVENESS OF SE RBIA AND SE LEC TED EUROPEAN COUNTRIES

S. Cvetanovic, V. Nedic, D. Despotovic, L. Zivkovic

Abstract: World Economic Forum promoted Sustainability-Adjusted Global Competitiveness Index along with Global Competitiveness Index (GCI) while respecting the fact that sustainability concept has the central place in examining the long term perspective of economic and social development in the last twenty years or more. Unquestionably, this is an indicator which is of essential importance for incorporation of sustainable development paradigm into the country’s competitiveness complex, which will surely become more significant as the time passes. Using the data from the Global Competitiveness Report 2012-2013, this paper shows a comparative review of the GCl, Sustainability Adjusted GCI (adjusted by social and environmental sustainability dimension) and Environmental sustainabilityadjusted GCI (adjusted by environmental sustainability dimension) of Serbia and selected countries: the most competitive ones and the least competitive ones in Europe in 2012.

Keywords: degradation of the environment; environmental policy; renewable resources; sustainable competitiveness; sustainable development

Date published: 2017-10-09