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Title Competitiveness as a Decisive Criterion for Sustainability
ID_Doc 61871
Authors Matolcsy, G
Title Competitiveness as a Decisive Criterion for Sustainability
Year 2020
Published Public Finance Quarterly-Hungary, 65.0, 2
DOI 10.35551/PFQ_2020_s_2_1
Abstract Competitiveness and sustainability are inseparable concepts. Competitiveness cannot be interpreted in the short term, and thus it cannot exist without sustainability as well. At both the corporate and national economy level, only those who can maintain their outstanding performance, in the long run, are the winners in global competition. There are two roads to achieving these two goals simultaneously, and they can even be followed at the same time. On the one hand, moving away from quantitative factors towards quality, and on the other hand, looking for new resources and making old resources unlimited by using them in a sustainable, "green" manner. With the development of digitalisation, data is becoming a more important resource than ever before, while money and access to energy may become unlimited. No segment of the economy can ignore revolutionary changes, such as the green and digital transition, but proper cooperation between the state and the market is necessary to achieve and maintain competitiveness and sustainability.
Author Keywords competitiveness; sustainable development; megatrends; green finance; technological development; environmental and social sustainability
Index Keywords Index Keywords
Document Type Other
Open Access Open Access
Source Emerging Sources Citation Index (ESCI)
EID WOS:000635659200001
WoS Category Business, Finance
Research Area Business & Economics
PDF https://www.penzugyiszemle.hu/pfq/upload/pdf/penzugyi_szemle_angol/volume_65_2020_2_special_edition/A_Matolcsy_20_KSZ_2.pdf
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