In the modern global economy, fast technological progress and deepening globalization change radically the context of economic development. The conventional understanding of inherited factor endowments as a determinant of the comparative advantage of countries is replaced by the concept of competitive advantage, with investment in knowledge and technological innovation underlying them. Therefore, attaining stable national competitiveness is a difficult task requiring a lot more than passive opening to the free markets. After the disintegration of the former Eastern Bloc and the end of the...
In the modern global economy, fast technological progress and deepening globalization change radically the context of economic development. The conven...