An Overview on European Union Sustainable Competitiveness

Abstract

The last few years have emphasized a continuing concern of many institutions, nations, companies for sustainable development. The recent literature brings into attention the concept of sustainable competitiveness beyond sustainable development. The main idea of sustainable competitiveness is reflected by the searching of a model that could balance economic prosperity, environmental issues and social sustainability. In this context, is shaping the sustainability-adjusted global competitiveness index that take into consideration two new dimensions – environmental and social. Practically, the triple bottom line concept will be extrapolated from the microeconomic level to the macroeconomic level. This paper tries to identify the most important factors/forces that will impact sustainable competitiveness, on one hand, and to analyze the sustainable competitiveness of European Union countries, on the other hand.