SOME FALLACIES IN THE INTERPRETATIONS OF COMPETITIVENESS

Three problems plague the economic analysis of competitiveness perspective. First, it cannot define the proper essence of the notion of competitiveness. Second, most of the analyses of competitiveness suffer from methodological drawbacks. Finally, the empirical evidences about competitiveness especially concerning whole economy are devoid of any scientific value. The paper concludes with some suggestions about how and why the economic analysis of competitiveness has gone wrong.