y observing other economies, it is possible to learn how to improve the developm

ent base at home. Many indicators of national competitiveness have been suggeste
d. Broadly speaking, competitiveness can be measured with some indicators: terms
of trade, current account balance, per capital income, productivity growth, hig
h-tech export (percent), expenditure on R&D and openness of economy. In addition
, the systematic competitiveness by International Institute of Management Develo
pment of World Economic Forum methodology can be measured. Questionnaire indicat
ors give us a more qualitative view on competitiveness. The modern way of measur
ing national competitiveness is using questionnaires, which allows evaluation of
the dynamic evolution of one economy, the qualitative competitiveness and the e
xpectations of the business managers. Managers often evaluate the quality of bus
iness environment in which they operate. They also try to forecast the economic
situation of the country in the near future. Therefore, the combination of stati
stical data and indicators from questionnaires is the best way to measure nation
al competitiveness.