“You have to Run to Stand Still” (J.Stiglitz)

Abstract

“In economics, you have to run to stand still.” (Stiglitz, 2010 p. 63). The world is going ahead and all the national economies need to find their own development path. Countries are competing among themselves and are analyzing, copying, or avoiding the other countries’ success/failure experiences. They differ not only by the levels of reached development standard, but also by the possible methods which might be used for accelerating growth.This paper is trying to discover some of the specific growth drivers and to analyze different aspects of the economy structure of several selected countries, with a special focus on FYROM. The conclusions are driven by making comparison and analysis of the results from World Bank database, Global Development Indicators and World Development Finance indicators. Some of the conclusions are based on the use of Global Economic Prospects Indicators, Worldwide Governance Indicators, Poverty and Inequality Indicators, Doing Business and Enterprise Surveys.