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Vol 13, Issue 1, 2023
Pages: 83 - 91
Professional paper
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Received: >> Accepted: >> Published: 18.06.2023. Professional paper

CONCEPT OF COMPETITIVENESS OF THE CITY'S ECONOMY

By
Srđan Milicević ,
Srđan Milicević

Faculty of Management, University Metropolitan in Belgrade , Belgrade , Serbia

Danijela Despotović ,
Danijela Despotović

Faculty of Economic, University of Kragujevac , Kragujevac , Serbia

Slobodan Cvetanović ,
Slobodan Cvetanović

Educons University , Kamenitz , Serbia

Lela Ristić
Lela Ristić

Faculty of Economic, University of Kragujevac , Kragujevac , Serbia

Abstract

 The paper presents the concept of competitiveness of the city's economy. Its growing importance in the theory and policy of the competitiveness of certain urban areas is highlighted. The concept of city competitiveness means a kind of theoretical and methodological unification of the general and local dimensions of the multi-level category of competitiveness. This multiplies the possibilities of viewing relations between economic actors in a certain area. The authors note the growing interest of researchers of various vocations in studying the concept of city competitiveness. For economic analysts of the concept of competitiveness of the city, particularly significant drivers of the improvement of the city's competitiveness are related to dynamic changes in the structure of the economy, movements in the labor markets, the emergence of new social needs, and recently an increasing number of factors related to security issues (infrastructural, energy, food, etc.). An increasing number of cities recognize the need to strengthen their competitive position by applying an entrepreneurial and marketing approach. In addition to the socalled "hard" drivers of the city's competitiveness (job opportunities, ease of doing business, tourist attractiveness), "soft" factors such as the perception of the quality of life, the image of the city, the availability of specific offers, and the like are gaining importance. Reducing the category of city economy competitiveness in the Republic of Serbia to an economic aggregate indicator, the paper presents, based on its own calculations, a comparative overview of the economic competitiveness indicators of the cities of Belgrade, Novi Sad, Niš and Kragujevac in the period 2005-2021. 

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