  The ongoing process of liberalization, as well as the intensive technological
breakthrough have a great impact either on the macroeconomic policy creators,
or the dissimilarity of conventional approach to found a strategy of a certain
company. Bearing in mind the very notation, core characteristics of the concept
of competitiveness are needed to be explored, but also the necessity to
establish a national competitiveness strategy. However, the main attention
should be paid on the technological changes that affect the economic growth,
but the life standard increase, as well. Nevertheless, developing and
transitional economies are being down-sided with respect to the technological
and innovative capability that measurably implies the necessity to redefine the
conception of competitiveness. Taking into account the above clarifications,
the paper will set a comparative analysis of the key factors that pressure the
competitiveness of Balkans region countries, mainly by the composition of the
Growth Competitiveness Index. In addition, the major accent will be put on the
composite Technology index and its impact on the mainstream of the respective
total index. Finally, the paper will examine the possible change of Growth
Competitiveness Index ranking of the Macedonian economy, principally by the
variation of the Technology index rank.
