Does the Development Potential of the Country Meet Its Productivity? The Case of World Trade Organisation Members and Criterion of Competitiveness Fever
Does the Development Potential of the Country Meet Its Productivity? The Case of World Trade Organisation Members and Criterion of Competitiveness Fever

Summary/Abstract: Changes in the global economy during the last quarter-century or so have intensified competition and increased the need for government support. Competitiveness is thus high on political agenda and depends on a multiplicity of actions that can optimize the development potentials of countries and internal factor endowments. However, do all countries have the same opportunities in terms of competitiveness with respect to their development potential? Countries face very different challenges and priorities as they move from resource-based to knowledge-based stage, what influences their competitive advantages. All countries possess development opportunities – however, use these options must be efficient enough. Competitiveness and performance importantly affecting the world trade and international relations, especially nowadays, in view of the changing position of the world leaders and growth of new economic powers. This creates new threats and challenges in terms of drivers of the economy for all players. The article focuses on using the Data Envelopment Analysis (DEA) and the Cluster Analysis (CA) for comparing the productivity level and efficiency changes of the World Trade Organization (WTO) members. Applicability of evaluation is illustrated by a real dataset involving the factors of competitiveness based on the World Economic Forum (WEF) approach in reference period 2007-2017.

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