scholarly journals DOES THE GLOBAL COMPETITIVENESS INDEX DEMONSTRATE THE RESILIENCE OF COUNTRIES TO ECONOMIC CRISES?

Ekonomika ◽  
2017 ◽  
Vol 95 (3) ◽  
pp. 28-36 ◽  
Author(s):  
Vaiva Petrylė
Keyword(s):  
Economic Growth ◽  
Growth Rates ◽  
Living Standards ◽  
Gdp Growth ◽  
World Economic Forum ◽  
Global Competitiveness ◽  
World Economic ◽  
Global Competitiveness Index ◽  
Competitiveness Index ◽  
Sustainable Economic Growth

The concept of a country’s competitiveness still does not have a clear and straightforward meaning and remains ambiguous. Different economists stress various aspects of the concept and use a number of different methods to evaluate how competitive a country is. This paper focuses on the Global Competitiveness Index, which is calculated by the World Economic Forum and is one of the most well-known measures of competitiveness. The World Economic Forum (2015) defines the competitiveness of a country as a “set of institutions, policies and factors that determine the level of productivity of a country” and argues that productivity “is the main long-run engine for growth, living standards and prosperity”. The definition suggests that a higher competitiveness ranking shows higher productivity of the country’s economy, which should lead to higher and more sustainable economic growth. In addition, economic growth leads to higher living standards and prosperity of the country’s citizens. In the light of the definition, the paper forms the hypothesis that if a country is ranked to be more competitive (i.e., its Global Competitiveness Index is higher), it should have greater resilience to an economic crisis than less competitive countries. In other words, more competitive countries should have higher and more sustainable economic growth rates than the less competitive countries. In order to check this hypothesis, the paper uses the graphical analysis method and examines the relationship between the Global Competitiveness Index and the economic growth of countries during the period of 2006-2015. The research findings show that there is a weak or no relationship between the Global Competitiveness Index and the GDP growth of countries; however, it is a negative relationship between the Global Competitiveness Index and the standard deviation of the country’s GDP growth. The results argue that the Global Competitiveness Index is not capable of forecasting the future GDP growth rates of a country; however, the Global Competitiveness Index indicates if the country avoids sharp fluctuations in its GDP growth rates and maintains sustainable economic growth throughout the period.

From Redistributing Wealth to Creating Prosperity in the Russian Federation: Findings from the Global Competitiveness Index (The Russia Competiveness Report 2011. Ch. 1.1 / World Economic Forum, Eurasia Comtetiveness Institute)

2011 ◽  
pp. 4-40
Author(s):  
M. Drzeniek-Hanouz ◽  
A. Prazdnichnykh
Keyword(s):  
Russian Federation ◽  
World Economic Forum ◽  
Global Competitiveness ◽  
The World ◽  
World Economic ◽  
Global Competitiveness Index ◽  
The Russian Federation ◽  
Competitiveness Index

The journal version of Chapter 1.1 of "The Russia Competitiveness Report 2011: Laying the Foundation for Sustainable Prosperity" prepared by the World Economic Forum and Eurasia Competitiveness Institute analyzes major problems Russia is faced with in this field. Three advantages and five systemic weaknesses of the country are considered. The analysis on the basis of the Global Competitiveness Index shows that real improvements along these five directions could lead to significant increase in competitiveness and growth of welfare in Russia.

RESEARCH ON CHANGES IN THE GLOBAL COMPETITIVENESS LATVIA IN 2009-2019

2019 ◽  
Vol 6 ◽  
pp. 555
Author(s):  
Jeļena Volkova ◽  
Ēvalds Višķers
Keyword(s):  
Positive Impact ◽  
World Economic Forum ◽  
Baltic States ◽  
Global Competitiveness ◽  
National Economic ◽  
The Status ◽  
World Economic ◽  
Global Competitiveness Index ◽  
Competitiveness Index ◽  
The Baltic

In the era of globalization the term competitiveness has become of essential importance. Each country is showing its interest in it because the results of national economic processes depend on its successful alignment with the international market. The aim of this research is to define the changes in the Latvia’s Competitiveness Index in comparison with the Baltic States during the period 2009-2019. To achieve this aim the following methodology was used: scientific inductive and deductive methods,the monographic and the data based method. The research is based on the results of the assessement of the „Global Competitiveness Index”introduced by the World Economic Forum. Regardless of the methodological drawbacks and changes, the GCI states the status of Estonia as an economic leader among the Baltic States. The tendency seen in the last years shows the levelling of the competitiveness of the Baltic States that can have a positive impact on the development of the region in the further period.  

scholarly journals Análise do impacto das patentes no índice global de inovação com aplicação de lógica paraconsistente anotada

Exacta ◽  
2014 ◽  
Vol 12 (2) ◽  
pp. 173-182
Author(s):  
Demesio Carvalho Sousa ◽  
Rodrigo Franço Gonçalves ◽  
Lilian Sayuri Sakamoto ◽  
Jair Minoro Abe ◽  
Jose Benedito Sacomano
Keyword(s):  
Business School ◽  
World Economic Forum ◽  
Global Competitiveness ◽  
Global Innovation ◽  
The World ◽  
World Economic ◽  
Global Competitiveness Index ◽  
Competitiveness Index

Neste artigo, estuda-se a importância das patentes e seu impacto no The Business School for the World do Global Innovation Index (GII, 2012) e no desenvolvimento econômico dos países emergentes mediante análise do The Global Competitiveness Index (GCI, 2013) do World Economic Forum (WEF). Os países abordados neste estudo são: Brasil, Rússia, Índia, China e África do Sul (BRICS). Neste contexto, busca-se responder as duas seguintes proposições: A – as patentes podem influenciar de forma favorável o desenvolvimento da inovação de um país integrante do Brics. B – as patentes não influenciam de forma desfavorável nenhum país componente do Brics. A metodologia utilizada privilegiou dados secundários obtidos nos relatórios GII e GCI suportada por uma revisão de literatura e criação de um algoritmo para-analisador. A aplicação da Lógica Paraconsistente Anotada (LPA-2v) forneceu parâmetros para analisar e discutir os resultados a fim de formular estratégias e avaliar tendências.

scholarly journals Evaluation of Turkic Republics In Terms of Business Feasibility Potential

2015 ◽  
Author(s):  
Serkan Dilek ◽  
Ali Konak
Keyword(s):  
Global Competition ◽  
World Economic Forum ◽  
Significant Progress ◽  
Global Competitiveness ◽  
World Economic ◽  
Global Competitiveness Index ◽  
Competitiveness Index ◽  
Electrical Source ◽  
Remarkable Progress

Today, level of countries’ business feasibility in terms of global competition has a great importance. For businessmen, determination of the level of countries’ business feasibility provides important information about the level of overall business feasibility of the examined countries and plays an important role on understanding the levels of the investment feasibility of countries. In this context, in our search, the levels of business feasibility of countries Azerbaijan, Kazakhstan, and Kyrgzstan presenting available business feasibility index and Global Competitiveness Index between 2004-2014 has been examinated with the help of the business feasibility index prepared by World Economic Forum (WEF), thus it has been trying to put forward strengths and weaknesses in terms of getting feasibility business in these countries. As a result of studies, with together change from country to country and from year to year, the most important barriers in front of the feasibility business in the examined Turkic Republics in recent years, has been determined that they are based on inability to access enough to an electrical source, the lack of protection of investors and inability to perform remarkable progress in the matter of tax paid. After all, in Turkish Republics, it was that there are positive developments in the process of starting work, also significantly reduced in bankruptcy, besides, the realization of significant progress about formalization of property and reaching credit resources and in line with these developments, it has been concluded that Turkic Republics -except Tajikistan- has slightly developments in being business feasible country.

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.

Mineral and Natural Resources as Global Competitiveness Factor

2010 ◽  
pp. 20-30
Author(s):  
V. Kondrat’ev
Keyword(s):  
Economic Growth ◽  
Natural Resources ◽  
Mineral Resources ◽  
Dutch Disease ◽  
Living Standards ◽  
Raw Material ◽  
Global Competitiveness ◽  
Material Resources ◽  
Development Analysis ◽  
Sustainable Economic Growth

The availability of raw material resources is an important factor of global competitiveness. In fact, this point may not be applied to all countries. Moreover, according to research, in many developing countries the natural resources endowment is inversely related to the pace of economic growth and living standards, and positively related to income inequality. Such negative connection between the natural resources endowment and economic growth is named the “resource damnation” . The development analysis of countries rich in mineral resources demonstrates that the economic policy pattern plays a key role in prevention of the “Dutch disease”, achievement of sustainable economic growth and improving competitiveness of national economy.

scholarly journals Changing Patterns in the Export of Goods Versus International Competitiveness. A Comparative Analysis for Central-East European Countries in the Period 2000–2011

2014 ◽  
Vol 17 (2) ◽  
pp. 61-77 ◽  
Author(s):  
Ewa Lechman
Keyword(s):  
Slovak Republic ◽  
Methodological Approach ◽  
International Competitiveness ◽  
High Tech ◽  
Global Competitiveness ◽  
East European ◽  
Changing Patterns ◽  
World Economic ◽  
Global Competitiveness Index ◽  
Competitiveness Index

This paper discusses the existing links between changing patterns in the export of goods, broken down by technology-intensity, versus intrenational competitiveness. The study covers nine Central-East European (CEE) economies: Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania and the Slovak Republic, in the time span 2000-2011. We examine the hypothesis of a strong, positive and statistically significant relationship between flows of export of high-tech and ICT manufactures industries goods, and an economy’s level of international competitiveness (approximated by the Global Competitiveness Index - GCI, see: World Economic Forum). Our methodological approach relies on elaboration of each country`s individual export patterns with regard to industries of different technology-intensities, and statistical analysis between the international GCI variable and variables identifying shares in total export of certain industries. Contrary to what was initially expected, our empirical results do not seem to support the hypothesis on statistically positive links between growing shares of high-tech and ICT manufactures industries in the total value of export versus the Global Competitiveness Index in the analyzed countries.

scholarly journals Competitiveness of V4 Countries Using the Global Competitiveness Index

2020 ◽  
Vol 74 ◽  
pp. 06007
Author(s):  
Veronika Galgánková
Keyword(s):  
Slovak Republic ◽  
Financial Reports ◽  
Global Competitiveness ◽  
World Economic ◽  
Global Competitiveness Index ◽  
Competitiveness Index ◽  
Future Direction ◽  
The Individual

The article is focused on the evaluation and comparison of the international competitiveness of the Visegrad countries – four countries Slovak Republic, Czech Republic, Hungary and Poland. The article consists of four chapters. The first chapter is focused on a short introduction to the issue. The second chapter briefly describes the methodology used in writing the article. It analyzes in detail the individual parts and subindices of the Global Competitiveness Index. The third chapter evaluates the specific values of the index which the countries of Visegrad four achieved from 2010 to 2018. The fourth chapter focuses on assessing the strengths and weaknesses of the countries’ competitiveness. It also contains a proposal for the future direction of states. The concept of global competitiveness is increasingly being used to assess many different methods and indices in comparing countries. One of the best known indices is the Global Competitiveness Index, which is compiled annually by the World Economic Forum. It assesses how countries achieve and maintain economic growth and how business of every country is influenced by competitiveness. Higher quality of financial reports makes companies more competitiveness and motivate investors to put money into them.

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