Environmental Dimension of Sustainable Competitiveness of Serbia and Selected European Countries

1 University of Nis, Faculty of Economics, 18000 Nis, Serbia
2 University of Kragujevac, Faculty of Economics, 34000 Kragujevac, Serbia
3 University of Nis, Faculty of Occupational Safety, 18000 Nis, Serbia 4 University of Kragujevac, Faculty of Phil. and Arts, 34000 Kragujevac, Serbia


CVETANOVIC, S., D. DESPOTOVIC, L. ZIVKOVIC and V. NEDIC, 2014. Environmental dimension of sustainable competitiveness of Serbia and selected European countries. Bulg. J. Agric. Sci., 20: 767-778


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.

Key words: sustainable development, sustainable competitiveness, environmental policy, renewable resources, degradation of the environment
JEL Classification: Q01

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