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The competitiveness of economies: the case of Hungary

Csath M.

Foundations of Control and Management Sciences

2007

No. 8

17-31

This paper examines the different views, approaches and models of economic competitiveness and its key drivers. It also explores the additional factors, especially the so-called intangible ones, influencing competitiveness, and argues for these ones being increasingly important on the longer run. Finally, the paper concludes by using Hungary as a case to illustrate the problems of adhering one-sidedly to and basing economic policy on only one competitiveness theory, and the danger of neglecting the other theories including the ones, emphasizing the importance of the intangible elements of competitiveness.