Acta Oeconomica Pragensia
Acta Oeconomica Pragensia
Acta Oeconomica Pragensia
Journal of Central and Eastern European Economic and Management Issues

Acta Oeconomica Pragensia 2015/1

Competitiveness of the Czech Republic – Sustainability and the Social Aspect of Competitiveness


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Eliška Kačírková

The objective of the study is to analyse the Czech position in the fi eld of global competitiveness. In the past, the only data used for evaluating the position of a country were “hard data”: data that were measurable. Nowadays, many research institutions as well as scientists have come with a new idea. Not only hard data are important for a country’s position in the competitiveness rank, but also soft data have to be taken into account. The General Competitiveness Index (GCI), used for measuring competitiveness, has been replaced with the Sustainability- adjusted Competitiveness Index (SCI). Two sustainability pillars are added to the general competitiveness: the social sustainability pillar and the environmental sustainability pillar. This study analyses the GCI and the SCI in the context of sustainability. The main objective is to fi nd out how these two sustainability pillars infl uence the competitiveness position of the Czech Republic. The method used in the study is an analysis and comparison of the hard and soft data, which means that it is based on a multidimensional analysis used by the WEF and the IMD. The study confi rms that there is an increasing infl uence of these soft – qualitative – data.

Keywords: competitiveness, Czech Republic, GCI, SCI, sustainability

JEL Classification: F43, O44, P51

Licence Creative Commons This work is licensed under a Creative Commons Attribution 4.0 International License.