TEORIJE RASTA, KONKURENTNA PREDNOST ZEMALJA I GOSPODARSKA POLITIKA
THEORIES OF GROWTH, COMPETITIVE ADVANTAGE OF COUNTRIES AND ECONOMIC POLICY

Summary/Abstract: The text deals with the contributions to the theory of economic growth, of the standard Harrod-Domar model, R. Solow's neoclassic model of growth and the new Cambridge school model of growth. The debate continues to focus upon contemporary trends in the theory of growth directed towards the development of dynamic models. The latter include macro-economic aggregates such as the rate of inflation, supply of money and government expenditure. Furthermore, special attention is given to the approach based on the theory of rational expectation and also to the approach which takes into consideration global technological development. In the second part of the text factors which have an impact on the competitive position of national economies are analyzed. Assessed as decisive are: the company's innovative abilities, the provision of high-quality production factors - such as skilled labor and infrastructure, the degree of development of competition on the domestic market, cultural factors requiring intensive application of knowledge.

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