INPROFORUM 2011

Competitiveness is understood as the potential of an economy to establish itself on the world markets and to uphold its long-term position here. This paper deals with the issue of global competitiveness of the European Union and Czech Republic with a focus on their current position in terms of a worldwide general comparison. It shows prevailing negative tendency of competitiveness of Czech Republic, and simultaneously defines further tasks of the EU and CR. It tries to respond on contemporary efforts of the European institutions to boost competitiveness of the member states. Sustainable performance growth of Czech economy requires a significant shift to competitive advantage of higher quality.