C 2024

International Trade and the Competitiveness of Czechia as the Fundamental Determinants of Economic Growth

NEVIMA, Jan

Basic 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

Kapitola resp. kapitoly v odborné knize

Field of Study

50200 5.2 Economics and Business

Confidentiality degree

není předmětem státního či obchodního tajemství

Publication form

electronic version available online

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
Změněno: 10/7/2024 09:22, doc. Ing. Jan Nevima, Ph.D., MBA

Abstract

V originále

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.