The Relevance of Composite Indicators to Measure Countries Competitiveness

Competitiveness represents a dynamic process which long time ago ceased to concern only the business environment, entering the sphere of interest of the political environment and debate on academic level. The objective of this work is to offer a reference system which should represent a foundation for the analysis of the competitiveness measuring way according to different levels of reference, for the determination of the strategies intended for its stimulation, being considered a foreground objective in the global economy. Secondly, we intend to provide some evidences for the composite indicators to measure competitiveness, developed by the World Economic Forum, International Institute for Management Development, Heritage Foundation, European Commission or Financial Times Group, they emphasizing the citizens welfare, the economic freedom, the innovational process on the European level, the capacity of developing a lasting growth, the attractiveness of the European cities and regions for the foreign investors or the global economic soundness of economies.