Competitiveness and state regulation

Author: Assoc. Prof. Rumyana Nikolaeva Neykova, Doctor of Economics (Technical university - Gabrovo)

Keywords: competitiveness, international business environment, transnational economy, global economy, environmental policy, Lisbon strategy

The article discusses the notion of competitiveness as the ability of nations to achieve high productivity based on an innovative approach to human resources, capital, and physical assets. Competitive is one that produces a lot of value with little resource spending and continually improves this value-to-resource ratio. An entire economy can only be competitive if it is dominated by competitive firms and industries.
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