PRODUCTIVE AND EXPORT POTENTIAL OF THE EU COUNTRIES: CLASTERS’ ANALYZE
Abstract
International trade, as a major factor of openness, has an increasingly significant contribution to economic growth and thus for competitiveness. The aim of paper is to analyze level of productive potential achieved by the EU Member States. The results confirm the heterogeneity that exists among the EU Member States as well as in the trade area. While the calculations show that productivity growth of foreign trade was significant in the case of the entire EU, but the significance of productivity in foreign trade was not the same in the case of individual countries.
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