Managing Global Competitiveness

2008 ◽  
Vol 43 (3) ◽  
pp. 52-93
Author(s):  
A.N. Sarkar
Keyword(s):  
Global Economy ◽  
Social Infrastructure ◽  
Global Competitiveness ◽  
Developed Economies ◽  
Depth Analysis ◽  
World Economic ◽  
Global Competitiveness Index ◽  
Catch Up ◽  
Asian Economy ◽  
Made In

With the phenomenal growth in Indian economy – particularly in past one decade, following the processes of globalization and economic liberalization, India is now better poised to integrate the national economy with the Asian economy on one hand – the global economy, on the other. Whereas, the Global Competitiveness Index of the World Economic Forum points towards a huge potential for Indian all-round economic growth along with other BRIC's and Asian nations in the next decade, India has still to go a long way to catch-up with the developed economies; especially in terms of creation of industrial and social infrastructure, alternate energy, R&D, HRD, etc. An attempt has been made in the paper to make a comprehensive review and in-depth analysis of performances of various sectors of the economy where India has demonstrated global leadership, namely in Telecom and ITeS, Textiles, Gems & Jewllery, Automotive Engineering, Manufacturing, Pharma, Biotechnology, Agribusiness, Retails, Oil & Natural Gas, Energy & Power, Infrastructure, Banking & Insurance, Medico-Tourism, Hospitality, Entertainment & Media, Technical & Management Education, etc. with a view to suggesting future strategies to be globally competitive.

COMPETITIVE STATUS OF UKRAINE

2017 ◽  
Author(s):  
Olena Zayats ◽  
Keyword(s):  
National Economy ◽  
Financial System ◽  
Product Market ◽  
Global Competitiveness ◽  
Innovation Potential ◽  
Wide Range ◽  
Ict Adoption ◽  
World Economic ◽  
Global Competitiveness Index ◽  
One Year

The article examines the competitive status and competitive positions of Ukraine. It proves that in the current context the competitive status of the national economy is determined by the presence of a strong global competitive force that provides dynamic growth based on innovation potential, developed institutions, infrastructure, ICT adoption, macroeconomic stability, health, skills, product market, labor market, financial system, market size, business dynamism rather than by traditional factors (natural resources, geopolitical situation). It has been identified that a wide range of factors in global competitive force establishment suggests the complexity of its assessment. It has been noted that in world economic practice the Global Competitiveness Index of the World Economic Forum is predominantly used to assess the competitive status of the national economy. It has been determined that according to this index, in the overall ranking among 141 countries in 2019, Ukraine ranked 85th (2009-2010 – 82/133; 2018 – 83/140). The article analyzes of the competitive status of Ukraine in the international arena in terms of twelve pillars of the studied index and in the context of components of the said pillars. The dynamics of Ukraine's global competitive force in recent years shows that there has not been any build up. However, if one analyzes it in terms of the criteria of the global competitive force of the domestic economy, their assessment is volatile: the main regression can be traced in the sphere of the financial system, where Ukraine dropped by 19 positions in one year (2018 – 117/140, 2019 – 136/141), and the greatest progress is observed in the product market, where Ukraine rose by 16 positions in one year (2018 – 73/140, 2019 – 57/141). Analysis of the components of Ukraine’s global competitive force criteria shows that the worst positions in terms of such components are as follows: non-performing loans (% of gross total loans) – 139/141 and soundness of banks – 131/141. The best positions are in terms of the following components: costs of starting a business – 14/141 and attitude towards entrepreneurial risk – 18/141.

Does Enhancing of the Competitiveness Influence on Foreign Direct Investments in Western Balkan Countries?

2016 ◽  
Vol 1 (2) ◽  
pp. 164 ◽  
Author(s):  
Matea Zlatković
Keyword(s):  
Market Efficiency ◽  
Foreign Direct Investments ◽  
Global Competitiveness ◽  
Technological Readiness ◽  
Regional Market ◽  
National Competitiveness ◽  
Good Market ◽  
World Economic ◽  
Global Competitiveness Index ◽  
Per Capita

Foreign direct investments present a valuable source of national competitiveness as they have attributes of capital flows provide knowledge and technology transfer from one country to target country. In this paper are used variables defined by World Economic Forum which construct Global Competitiveness Index for assessing competitiveness of the country. The purpose of the research is to examine does the national competitiveness increase enhance the level of FDI flows in transition Western Balkan economies that are not yet full members of European Union. The findings claim that larger increase in FDI per capita stocks in majority analyzed countries would have if making infrastructure more competitiveness, accelerate their technological readiness and improve innovation while certain countries should work on health and primary education and higher education and training. According to the results, there is no correlation between FDI flows and macroeconomic environment, institutions, development of financial markets, good market efficiency, labor market efficiency and business sophistication. Applying benchmark method, it is established the most competitive WB country as benchmark value for other transition countries in its neighborhood for enhancing their competitiveness, specially in the regional market. Also, it is obtained what if analysis to detect potential rise of FDI per capita stocks as a consequence of potential changes in some competitiveness variables. It is also calculated the potential increase in FDI/capita due to similar changes in different competitiveness variables.

Outward Foreign Direct Investment in Emerging Economies

2017 ◽  
pp. 244-257 ◽  
Author(s):  
Ahmet Oğuz Demir ◽  
Muhammad Moiz
Keyword(s):  
Foreign Direct Investment ◽  
Emerging Economies ◽  
Direct Investment ◽  
Outward Foreign Direct Investment ◽  
Competitive Advantages ◽  
Global Competitiveness ◽  
Developed Economies ◽  
Technological Readiness ◽  
Country Factors ◽  
Global Competitiveness Index

Outward Foreign Direct Investment (OFDI) has been utilized by developed economies to enter developing markets for competitive advantages. However, recent boom in OFDI from emerging economies has prompted the question as to why these economies are investing abroad? A modest amount of literature exists regarding China and India, however, Turkey being an emerging economy has been largely untapped when it comes to determinants of OFDI. This study uses the Global Competitiveness Index (GCI) to find host and home country factors which have led to OFDI from Turkey to their top 10 investment destinations for the past 10 years. The host country factors found to be significantly correlated with Turkish OFDI are innovation (Netherlands and Russia), technological readiness (Russia and UK), labor market efficiency (Netherlands), infrastructure (Netherlands), domestic market size (Germany), and exports (UK). The home factors found to be significantly correlated with Turkish OFDI are infrastructure and domestic competition.

Comparative study of Asian economies: lessons for India

2018 ◽  
Vol 9 (1) ◽  
pp. 2-20
Author(s):  
Mamta Bhardwaj ◽  
Ajit Singh Naosekpam ◽  
Rupinder Tewari
Keyword(s):  
South Korea ◽  
Comparative Study ◽  
Content Type ◽  
Global Competitiveness ◽  
Economic Progress ◽  
The World ◽  
Asian Economies ◽  
World Economic ◽  
Global Competitiveness Index ◽  
Developed Nations

Purpose This paper represents a comparative study of five Asian countries, namely, Singapore, Taiwan, South Korea, China and India, based on the Global Competitiveness Index (GCI) 2015-2016 published by the World Economic Forum. The purpose of this study is to assess India’s position vis-a-vis the various comparator Asian economies and to identify areas for improvement so as to enhance India’s competitiveness. Design/methodology/approach The study is based on the comparisons and analysis of the ranks of each country. These ranks are based on the indicators related to three categories, i.e. “Basic Requirements”, “Efficiency Enhancers” and “Innovation and Sophistication” Factors. The GCI included data from internationally recognised agencies such as the IMF, the WHO and the United Nations Educational, Scientific and Cultural Organization. Findings On the basis of the aforementioned comparisons among these five Asian economies, it was found that Singapore (Rank-2) has made stupendous economic progress and is amongst the top five successful economies of the world. Taiwan, South Korea and China also have taken significant economic strides and are ranked globally at 15, 26 and 28, respectively. India, on the other hand, is ranked 55 out of 140 nations. Research limitations/implications In this paper, the countries were compared on the basis of their rank in the GCI Report 2015-2016. For an in-depth and more holistic study, comparison can be done by taking into consideration other important reports and analysis in this regard. Originality/value This is an original study where the developments that have taken place in the five Asian economies have been analysed based on the GCI. Most importantly, this study identifies the area/indicator in which India needs to improve to be placed among the developed nations.

scholarly journals The Intervening Role of Competitiveness on the Relationship Between Sustainability and Tourism Performance: A Research on European Countries

2017 ◽  
Vol 55 (1) ◽  
pp. 89-103 ◽  
Author(s):  
Paşa Mustafa Özyurt ◽  
Kemal Kantarcı
Keyword(s):  
Tourism Industry ◽  
Decision Makers ◽  
European Countries ◽  
The Sustainable Development ◽  
Global Competitiveness ◽  
World Economic ◽  
Global Competitiveness Index ◽  
Development Literature ◽  
The Relationship

Abstract Being green and being an economically successful and competitive destination has been the core topic in the sustainable development literature in recent years. The link between sustainability and competitiveness in the market is fairly important to study in the tourism industry in order to support and encourage decision makers and stakeholders in their decisions. In this sense, this study has two aims. First aim is to cluster European countries based on their sustainability scores reported in World Economic Forum’s Global Competitiveness Index. Second aim is to reveal the intervening role of competitiveness on the relationship between sustainability and tourism performance for European countries. We employed a K-means cluster analysis and several multiple regression analyses. Analyses results revealed three clusters for European countries. Another finding postulated that competitiveness of these countries have been influenced by their level of sustainability. Our final finding posits that tourism performance of these countries in terms of tourist arrivals and tourism receipts has been found to be impacted by the level of tourism competitiveness.

scholarly journals INNOVATIONS IN THE STRUCTURE AND METHODOLOGY OF CALCULATION OF THE GLOBAL COMPETITIVENESS INDEX

2019 ◽  
pp. 45-59
Author(s):  
Denis A. Strokatov
Keyword(s):  
World Economy ◽  
Industrial Revolution ◽  
Global Competitiveness ◽  
Fourth Industrial Revolution ◽  
The World ◽  
Global Competitiveness Index ◽  
Competitiveness Index ◽  
High Degree ◽  
Global Competitiveness Report ◽  
Made In

In October 2018 an updated Global Competitiveness Index (GCI) 4.0 was introduced in the Global Competitiveness Report2018. Inthe article identify the main differences in the structure and methodology of calculating GCI in the editions of the Global Competitiveness Report 2017–2018 and the Global Competitiveness Report2018. Areview of a number of sources showed that researchers don’t pay enough attention to innovations in the structure and methodology of calculating GCI 4.0. As a result of analyzing the structure and methodology of calculating GCI 4.0, it was revealed that a number of adjustments were made in the Index aimed at marking the importance of the Fourth Industrial Revolution, equalization the conditions when calculating the Index for countries at different stages of development, and taking into account current tendencies of the world economy. In conclusion, the author emphasizes that these innovations have reduced the high degree of subjectivity of the GCI, eliminated a number of difficulties in independent determining the value of the Index and increased the transparency of the calculations.

scholarly journals Determinants of Global Competitiveness of Chinese Economy

2015 ◽  
Vol 4 (1) ◽  
pp. 66-86
Author(s):  
Elmas Demircioglu Karabiyik
Keyword(s):  
Economic Development ◽  
Chinese Economy ◽  
High Tech ◽  
Reform Era ◽  
Global Competitiveness ◽  
Structural Problems ◽  
Cheap Labour ◽  
World Economic ◽  
Global Competitiveness Index ◽  
Sustainable Economic Growth

The Chinese economy has reached approximately average annual growth of 9% after economic reform era that began in 1978. This economic development miracle resulted from by exploiting the economic potential of internal factors in a complimentary external environment.  Main aim of this study is to investigate the determinants of the global competitiveness of Chinese economy by considering economic development process of the Chinese economy and World Economic Forum the Global Competitiveness Index. It is vital to understand the determinants of global competitiveness for the Chinese economy in order to achieve sustainable economic development path in the highly competitive world economy conditions. The result of the study shows that the Chinese economy has strong global competitiveness indicators beside some problematic indicators. The Chinese economy is becoming more competitive by improving bottlenecks and structural problems. On the other hand the Chinese economy have to transform from cheap labour-intensive competitive advantage into high-tech innovative country with high qualified human capital in order to achieve sustainable economic growth in the long term.

Outward Foreign Direct Investment in Emerging Economies

2020 ◽  
pp. 1244-1257
Author(s):  
Ahmet Oğuz Demir ◽  
Muhammad Moiz
Keyword(s):  
Foreign Direct Investment ◽  
Emerging Economies ◽  
Direct Investment ◽  
Outward Foreign Direct Investment ◽  
Competitive Advantages ◽  
Global Competitiveness ◽  
Developed Economies ◽  
Technological Readiness ◽  
Country Factors ◽  
Global Competitiveness Index

Outward Foreign Direct Investment (OFDI) has been utilized by developed economies to enter developing markets for competitive advantages. However, recent boom in OFDI from emerging economies has prompted the question as to why these economies are investing abroad? A modest amount of literature exists regarding China and India, however, Turkey being an emerging economy has been largely untapped when it comes to determinants of OFDI. This study uses the Global Competitiveness Index (GCI) to find host and home country factors which have led to OFDI from Turkey to their top 10 investment destinations for the past 10 years. The host country factors found to be significantly correlated with Turkish OFDI are innovation (Netherlands and Russia), technological readiness (Russia and UK), labor market efficiency (Netherlands), infrastructure (Netherlands), domestic market size (Germany), and exports (UK). The home factors found to be significantly correlated with Turkish OFDI are infrastructure and domestic competition.

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