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.  

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.

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.

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 The Competitive Position of the Economy of Poland (against the Backdrop of the Visegrad Group Countries and the Baltic States) – Changes and Determinants in the Post-accession Period

2021 ◽  
Vol 24 (1) ◽  
pp. 85-102
Author(s):  
Edward Molendowski
Keyword(s):  
Secondary Data ◽  
World Economic Forum ◽  
Baltic States ◽  
Competitive Position ◽  
Global Competitiveness ◽  
Economic Competitiveness ◽  
The World ◽  
World Economic ◽  
The Baltic ◽  
Visegrad Group

The article presents the results of an analysis that compares changes in Poland’s competitive position against the backdrop of the Visegrad Group (V4) countries and the Baltic States (BS3) in the post-accession period (2006–2017). This type of study has not been presented in detail in the available literature before. Therefore, the article may significantly contribute to bridging the gap. The study employs a comparative analysis of secondary data concerning the indices and pillars of economic competitiveness described in The Global Competitiveness Reports prepared by the World Economic Forum. An important element of the examination was the endeavour to identify major determinants of those developments. The article ends with a summary of the most significant conclusions from the analysis presented. As confirmed by the examination, the countries covered differed widely regarding the improvement of their competitive positions in the post-accession period.

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.

Application of Statistical Visualization Tools on Global Competitiveness Data

2014 ◽  
pp. 14-27 ◽  
Author(s):  
Ulas Akkucuk
Keyword(s):  
World Economic Forum ◽  
Multivariate Statistical ◽  
Policy Makers ◽  
Global Organizations ◽  
Global Competitiveness ◽  
The World ◽  
World Economic ◽  
Global Competitiveness Index ◽  
Visualization Tools ◽  
Secondary Information

Many global organizations provide valuable sources of country-specific data to the general public. The data are a very good source of secondary information to the global firms making country entry decisions as well as providing input to the policy makers in the international organizations and the country governments. One such organization is the World Economic Forum disseminating the results of a global competitiveness study every year. The Global Competitiveness Index (GCI) focuses on 12 variables that are deemed to be important for the country’s competitiveness and hence suitability for investment. The coverage of the GCI has been increasing over the years. The latest report (2012-2013) carries data on 144 countries. With the amount of data increasing it becomes important to summarize the intrinsic elements with the use of visual tools. Multivariate statistical tools could summarize vast amounts of data while retaining the critical pieces of information and the interdependencies between the variables and the objects. This chapter demonstrates the use of two such techniques, namely Cluster Analysis and Multidimensional Scaling (MDS) on the World Economic Forum 2012-2013 Global Competitiveness data.

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