Relative Total Performance Index - An International Comparison in a New Perspective

Hungary is facing fundamental challenges in the coming years. On the one hand, according to the strategy of Europe 2020, she has to find the way to develop a knowledge-based, more competitive and sustainable economy. On the other hand, relative weakening of her position enhances the importance of convergence. The processes of sustainability and convergence require a new approach to quantify the performance of the member states (among them Hungary), as well as that of the candidate countries. We propose to develop a (relative total performance) index based on international rankings that both expresses the different interpretations of sustainability and gives an opportunity for a comprehensive comparison of different countries