ANALIZA PRAVNOG OKVIRA KAO IZVORA KONKURENTNOSTI ZASNOVANA NA IZVJEŠĆU SVJETSKOG GOSPODARSKOG FORUMA
Analysis of the Legal Framework as a Source of Competitiveness Based on the World Economic Forum Report

Summary/Abstract: The rule of law is essential for fostering cooperation within and among regional groupings. It contributes to strengthening the competitiveness of national economies within regional and global economic systems, economic growth, and overall societal welfare. Three key areas where countries in the region often lag behind include the efficiency of the legal framework in challenging regulations, the efficiency of the legal system in dispute resolution, and the regulatory burden imposed by governments. This study examines the relationship between the efficiency of the legal framework in these three areas and the Global Competitiveness Index. The strength of the connection between the legal framework and the Global Competitiveness Index is analyzed for 137 countries included in the Global Competitiveness Report. The analysis also considers the relationship specifically for national economies categorized by different stages of economic development. The strength of the relationship is determined using statistical correlation analysis, followed by the application of analytical, synthetic, and comparative scientific methods to draw conclusions and provide recommendations for constructing a legal framework that enhances competitiveness on a global level.

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