SUSTAINABLE COMPETITIVENESS OF SLOVENIA AND THE CHALLENGE OF EUROPEAN INTERNAL MARKET

Abstract

The European internal market has forced the EU countries to increase their
competitiveness. Macroeconomic determinants are now more similar among
countries. From this point of view Slovenia and also other new member countries will need to put a lot of attention on competitiveness, while they would
like to benefit from the European internal market. Competitiveness evaluation is done by selected determinants: domestic economy and internationalization, government and public administration, financial markets, management, infrastructure, science and technology and human capital. The prosperity of countries is associated with their ability to generate or attract economic
activities which are able to increase income by performing well on the market.
The catch-up of Slovenia with the EU countries in terms of welfare and economic growth is associated with the application of new technology and knowledge and with the creation of a sustainable economy. In this article the characteristics of the Slovenian economy as a new member country are also
reviewed.