International Competitiveness of Export-oriented Industries in Bulgaria

TL;DRAbstract

With increasing globalization and Bulgaria’s accession into the European Union (EU), the question how to improve the country’s international competitiveness has become very important and urgent. The aim of the paper is to present the results of a research on the past decade’s competitiveness of Bulgarian export-oriented sectors, enjoying good positions in local and international markets and having a high development potential. The first part of the article presents a comprehensive review of the concept of competitiveness—its definitions, factors, and measurements at national, industry, and firm level. On the basis of the theoretical considerations, an empirical analysis on the current state of competitiveness of the selected export-oriented industries is performed. These include metallurgy, machine building, chemicals, clothing and textiles, furniture, wine production, tobacco, and food processing. The research answers the following questions: What are the major competitive advantages

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