The international competitiveness of the Visegrad Group economies

Grzegorz Szczodrowski

Summary
Purpose. The aim of this paper is the general assessment of changes in the international competitiveness of the Visegrad Group economies in 2016 in relation to 2005. The coun-tries of the Visegrad Group – the Czech Republic, Slovakia, Hungary and Poland – have been analyzed for several reasons. They started the market transformation at a similar time, became members of the EU on May 1, 2004, are a geographically compact block in Central Europe and are often compared on many areas.
Methodology. The study uses basic, secondary data available in WEF Global Competitiveness Reports, IMD Global Competitiveness Yearbooks and The World Bank Doing Business Reports. Data from 2016 are compared with 2005, the first full year of member-ship in the EU.
Findings. Review of these rankings shows that not all countries have succeeded in strengthening their economies in the discussed period to improve their international competitiveness. The article ends with a summary of the conclusions resulting from the presented analysis.

The international competitiveness of the Visegrad Group economies

Article

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