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• The international competitiveness of the domestic economy: interpretations, figures and a few considerations

  20-41

  Gabor Oblath

  Petra Penzes

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  113

  Although the (improvement of) international competitiveness of the Hungarian economy is in the foreground of both the proclaimed efforts of the economic policy and that of the discussions of the trade, the fact that competitiveness at national level is a less precise term of economics with various meanings. This paper first discusses whether competitiveness at national economy level is interpretable at all. Then it examines what this notion does not mean and what it might mean. After reviewing the possible interpretations, the paper describes some of the figure of competitiveness of the domestic economy relating to a few international comparisons. Finally, it draws up some considerations as to what might and what might not be (or only with limitations) the means for the economic policiy to improve domestic competitiveness in the short and long terms.