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dc.contributor.authorKatnic, Milorad-
dc.contributor.authorBoskovic, Bojana-
dc.identifier.citationKatnic, M., & Boskovic, B. (2019). The competitiveness of small European countries: a focus on Montenegro. Small States & Territories, 2(1), 9-22.en_GB
dc.description.abstractCompetitiveness is of particular importance in the countries of the European Union and in the countries that are on the way to becoming members, especially after the adoption of the new Lisbon Agenda. Small countries are as a rule highly vulnerable to external shocks, face limitations in their ability to exploit the benefits of economies of scale and have very limited diversification possibilities a small population usually means limited human resources for the development of administrative capacity and for the workforce in general. In addition, due to the indivisibility of overhead costs, small states, have limited resources for innovation and the application of advanced technologies. Because of these characteristics, one expects that a small economy will find it difficult to meet EU competitiveness standards. A small economy on the path to joining the European Union, such as Montenegro, therefore must develop an effective administrative setup and an efficient regulatory framework in order to foster entrepreneurship and innovation to meet the mentioned competitiveness challenges.en_GB
dc.publisherUniversity of Malta. Islands and Small States Instituteen_GB
dc.subjectStates, Smallen_GB
dc.subjectStates, Small -- Case studiesen_GB
dc.subjectMontenegro -- Politics and governmenten_GB
dc.subjectEconomic development -- Montenegroen_GB
dc.subjectEuropean Union countries -- Politics and governmenten_GB
dc.subjectCompetition, Internationalen_GB
dc.titleThe competitiveness of small European countries : a focus on Montenegroen_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.en_GB
dc.publication.titleSmall States & Territoriesen_GB
Appears in Collections:SST Vol. 2, No. 1, May 2019
SST Vol. 2, No. 1, May 2019

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