THE IMPORTANCE OF SCIENCE FOR IMPROVING COMPETITIVENESS OF NATIONAL ECONOMY

Abstract

TThe aim of the paper is to examine the interdependence of the selected indicators from the Global Competitiveness Report and the Innovation pillar, which is used as a proxy indicator of the science competitiveness. This relationship is analyzed within the sample of 9 countries. The analysis uses available information sources in WEFs annual reports. The key contribution of this paper consists in providing clearer into factors competitiveness in the analyzed countries and pointing out the priority actions for the authorities to improve and increase the competitiveness level of science, and its contribution to the national economy competitiveness level. The research results can serve policy makers in shaping strategies and policies for the competitiveness improvement and the future of economic development in the analyzed countries.