Indicator of the competitiveness of a certain country is complex and
based on several factors, including the factors analyzed in this paper. The EU
Transition countries are, like Croatia, mainly in the lower part of the ranking list
in comparison with other EU Member States. Therefore, in terms of
competitiveness indicator each indicator should be analyzed in detail and from all
aspects (competitiveness ranking is based on the analysis of 12 different pillars of
competitiveness, and competitiveness index is calculated from 24 different
indicators) in order to identify strengths and weaknesses of each indicator.
Various stimulation measures and policies could thus have an influence on
improvement of poor indicators, improvement of the position of EU Transition
countries and Croatia, and then also on economic growth