2024
International Trade and the Competitiveness of Czechia as the Fundamental Determinants of Economic Growth
NEVIMA, JanBasic information
Original name
International Trade and the Competitiveness of Czechia as the Fundamental Determinants of Economic Growth
Authors
NEVIMA, Jan (203 Czech Republic, guarantor, belonging to the institution)
Edition
Emerald Publishing, Floor 5, Northspring, Modeling Economic Growth in Contemporary Czechia (Entrepreneurship and Global Economic Growth), p. 35-49, 16 pp. First edition 2024, 2024
Publisher
Emerald Publishing Limited
Other information
Language
English
Type of outcome
Chapter(s) of a specialized book
Field of Study
50201 Economic Theory
Confidentiality degree
is not subject to a state or trade secret
Publication form
electronic version available online
RIV identification code
RIV/47813059:19520/24:A0000462
Organization unit
School of Business Administration in Karvina
ISBN
978-1-83753-840-9
Keywords in English
International trade; systemic competitiveness; economic growth; ranking; commodity structure; territorial structure
Tags
Changed: 20/3/2025 13:03, Miroslava Snopková
Abstract
In the original language
The aim of this chapter is to draw attention to the changes that have taken place in Czechia in the last 20 years in the field of foreign trade, focussing on the key milestones of 2002, 2012 and 2022. The chapter also explains the important link between the performance of foreign trade and economic growth; this link has its support in theory, and above all in empiricism. The importance of foreign trade for economic growth is key, especially from the point of view of changes in the territorial and commodity structure, which saw several important changes in the observed period 2002–2022, so we can relevantly explain the effects on the economic growth of Czechia. However, the chapter finds a connection with yet another economic category, which is competitiveness. The method of measuring and subsequent ranking of competitiveness is also of utmost importance. If the economy is to be competitive, it must have its own strategy, and this directly concerns the key instruments of pro-export policy.