The Competitiveness Position of The Republic of North Macedonia: Opportunities And Weaknesses

Competitive advantage is a very popular concept and one of the most important tools for faster integration of the national economy in the global market, which is projected to result in increased exports, higher growth, improved living standards, and long-term prosperity. For small, open economies like the Republic of North Macedonia, this global integration is especially crucial for domestic enterprises to be able to sell and compete on the global market. The purpose of this study is to analyze the competitive position of the Macedonian economy in the period 1996-2019 in order to identify weaknesses and potential bottlenecks that would result in recommendations for policymakers.

Keywords:

competitiveness, competitive advantage, REER GCI, external trade,

PDF

___

Garelli, S. (2009) The Fundamentals and history of competitiveness, IMD World Competitiveness Yearbook
International Trade Center 2021) Export potential, North Macedonia, Retrieved from https://www.intracen.org/country/the-former-yugoslav-republic-of-macedonia/ [12.06.2021]
Macrotrends (2021) North Macedonia Trade Balance 1990-2021, Retrieved from https://www.macrotrends.net/countries/MKD/north-macedonia/trade-balance-deficit [12.06.2021]
Schwab, K. (2019) The Global Competitiveness Report, World Economic Forum, Retrieved from http://www3.weforum.org/docs/WEF_TheGlobalCompetitivenessReport2019.pdf [12.06.2021]
State Statistical Office (2021) Стоковна размена по земји, кумулативни податоци, Retrieved from http://makstat.stat.gov.mk/PXWeb/pxweb/mk/MakStat/MakStat__NadvoresnaTrgovija__KumulativniPod/?rxid=03a18fb3-6335-4630-8e81-20c1ac88618c [12.06.2021]
WITS – World Integrated Trade Solution (2020) North Macedonia Product Country Growth to World, https://wits.worldbank.org/CountryProfile/en/Country/MKD/StartYear/1996/EndYear/2018/TradeFlow/Export/Indicator/CNTRY-GRWTH/Partner/WLD/Product/Total#
The World Bank (2021) Exports of goods and services (% of GDP) - North Macedonia, Retrieved from https://data.worldbank.org/indicator/NE.EXP.GNFS.ZS?locations=MK [12.06.2021]
The World Bank (2021) Real effective exchange rate index (2010 = 100) - North Macedonia, Retrieved from https://data.worldbank.org/indicator/PX.REX.REER?locations=MK [12.06.2021]
The World Bank (2021) Global Competitiveness Index, Retrieved from https://tcdata360.worldbank.org/indicators/gci?country=BRA&indicator=632&viz=line_chart&years=2007,2017 [12.06.2021]
The World Bank (2018) TRADE SUMMARY FOR NORTH MACEDONIA 2018, Retrieved from https://wits.worldbank.org/countrysnapshot/en/MKD [12.06.2021]
The World Bank (2021) Current account balance (% of GDP) - North Macedonia, Retrieved from https://data.worldbank.org/indicator/BN.CAB.XOKA.GD.ZS?locations=MK [12.06.2021]
The World Bank (2021) Personal remittances, received (% of GDP) - North Macedonia, Retrieved from https://data.worldbank.org/indicator/BX.TRF.PWKR.DT.GD.ZS?locations=MK [12.06.2021]
Velloso J.P.R. (1991) International Competitiveness and Creation of an Enabling Environment-Interaction of Public and Private Sectors, Washington D.C.