Beschreibung:
<jats:p>Based on the data of the World Economic Forum, the individual impact of innovation capacity on the competitiveness of eleven countries in Southeast Europe in the period 2017-2019 was quantified by analyzing rank and index values and using the method of correlation analysis. The obtained results showed a significant relationship between the observed countries' ranks of innovation and competitiveness in the observed time interval. The results also showed a direct link between the index of innovation ability and global competitiveness when economic development is predominantly based on the so-called platform of the fourth industrial revolution. This implies the necessity for an efficient innovation policy in the countries of Southeast Europe since the improvement of a country's innovation capacity has a stimulating effect on the growth of their competitiveness.</jats:p>