The Knowledge Competitiveness of Macedonian Economy – Comparative Analysis
Eftimoski Dimitar, Milenkovski Bozidar
Keywords:
Knowledge, competitiveness, knowledge competitiveness of Macedonian firms and economy, ability to
absorb new technologies and knowledge of Macedonian firms, Knowledge Index, Global Competitiveness Index.
Abstract:
When a firm or economy realizes a competitive advantage, actually it possesses something which
others lack, and does something which others cannot do, or do not know how to do it. Firms’
competitiveness, mostly, stems from knowledge and competency. Basically, it is the accumulation
of capital in the form of knowledge, in most of the firms’ constitutive systems. Competitiveness
determines the productivity level of an economy, whereas the productivity level determines the
sustainable prosperity level of an economy. The knowledge economy offers virtually unlimited
resources, as human capacity to create is boundless.
Taking into consideration the abovementioned facts, the aim of this paper is to provide responses
to the following questions: Why should contemporary firms and economies invest in
new knowledge? What is the knowledge competitiveness level of the Macedonian firms and
economy? What is the knowledge competitiveness of the Macedonian economy in comparison
with the knowledge competitiveness of innovation-driven economies and the remaining efficiency-
driven economies?
In order to obtain the answers to these questions, we will make use of some theoretical experiences,
supported by a comparative empirical analysis which, in essence, is based on the composite
indicators - Knowledge Index and Global Competitiveness Index.
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 10.7441/joc.2012.03.09
Eftimoski D., Milenkovski B.(2012). The Knowledge Competitiveness of Macedonian
Economy – Comparative Analysis. Journal of Competitiveness, 4 (3), 122-135 https://doi.org/10.7441/joc.2012.03.09
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