Productivity and competitive ability of enterprise

The changing fortunes of a particular country many times depends on the people ́s ability to accept the world-wide appeals. If they are able to face the competition, especialy if they are able to take their chance presented in the modern world. The Global economy brings not only threats but also opportunities. If each country had a positive approach to the global appeals, it would perform an economically important and attractive role in favour of all its inhabitants. The competitiveness is not only a question of cheap labour. The rapid development of a Japan economy in the second half of last century, or the development of the American economy, clearly proves that the highest competitiveness in world-wide measure is in countries with expensive labour. Countries which rely on a cheap labour, enclose themselves into a vicious circle because the most capable and skilled people just work abroad in order to have a higher salary. This situation has been noticable in our country since we joined the European Union. Young peoples are more interested in learning foreign languages, and it seems that our universities educate professionals for other countries. For the obvious reasons, it is not possible to have high incomes and salaries without a high labour productivity. High salaries ,when the productivity is low, must get every company out of business – rules of economy are hard. The productivity and its improving play a key role in an international competitiveness and increasing the living standard. Beside a level, the rate of labour productivity is also important. The productivity and competitiveness are intimately related. They go hand in hand together with the growth of economy and emloyment rate. Investments of foreign companies are routed to the countries of high productivity, the economic growth of these countries exceeds the average of neighbouring countries and the employment is also high. For that is reason, there is no difference between greater or smaller companies.