scholarly journals The Economic Competitiveness and Inclusive Development Nexus: Empirical Evidence from 101 Economies

2018 ◽  
Vol 28 (3) ◽  
pp. 1-19
Author(s):  
Olimpia Neagu ◽  
Mircea Constantin Teodoru
Keyword(s):  
Emerging Countries ◽  
Inclusive Development ◽  
World Economic Forum ◽  
Economic Competitiveness ◽  
Advanced Economies ◽  
World Economic ◽  
Policy Measures ◽  
The Mean ◽  
And Cluster Analysis ◽  
Socioeconomic Inequity

Abstract The paper explores the association between economic competitiveness and inclusive development in 101 economies based on data provided by the 2018 World Economic Forum reports. Coefficients of ranks correlation and cluster analysis are used in this view. The values of Competitiveness Index and of Inclusive Development Index delivered by the 2018 World Economic Forum reports are considered. Economic competitiveness and inclusive development are positively associated in our sample of 101 economies and the correlation is stronger in the emerging countries as in the group of advanced economies. Among the advanced economies the mean scores of GCI and IDI are higher than in the group of emerging countries showing a better coordination of economic and institutional factors driving competitivity as well as inclusiveness. Countries belonging to a geographical region/continent/economic group are not grouped in the same cluster, emphasizing disparities among countries at regional/continental/economic group level. In the group of emerging economies, the disparities regarding competitivity and inclusiveness are lower than those among the advanced economies, the clusters are closer to one another and they are more homogeneous. Greater competitivity and economic performance can generate socioeconomic inequity that should be corrected through appropriate economic and social policy measures aimed to lead to wider distrbution of income and social inclusiveness.

Understanding the foundations of global competitive advantage of nations

2018 ◽  
Vol 28 (5) ◽  
pp. 503-517 ◽  
Author(s):  
Luis Farinha ◽  
Sara Nunes ◽  
João J. Ferreira ◽  
António Fernandes
Keyword(s):  
Competitive Advantage ◽  
Design Methodology ◽  
Development Stage ◽  
World Economic Forum ◽  
Content Type ◽  
Technological Readiness ◽  
Economic Competitiveness ◽  
The World ◽  
World Economic ◽  
And Training

Purpose This paper focuses on the issue of global competitive advantage of nations, based on the dimensions analyzed by the World Economic Forum in assessing the economic competitiveness of a large sample of countries. From the different stages of development of the countries, this study aims to help us to recognize what variables better explain the global competitive advantage of economies. Design/methodology/approach Following quantitative analysis, results based on PLS show what dimensions within each economic development stage best explain the global competitive advantage of economies. Findings Beyond the institutions, infrastructure and regulation of the markets, higher education and training, the technological readiness, the business sophistication and innovation contribute greatly to explain the competitive advantage of economies. Originality/value Understanding the drivers of global competitive advantage of nations, this study may help academics to conduct new studies, as well as politicians to define intervention priorities.

Drivers of Global Competitiveness and Economic Growth

2015 ◽  
pp. 13-27 ◽  
Author(s):  
Luìs Farinha ◽  
Joaquim Borges Gouveia ◽  
Sara Nunes
Keyword(s):  
Economic Growth ◽  
Structural Equation ◽  
Development Stage ◽  
Equation Model ◽  
Global Competitiveness ◽  
Economic Competitiveness ◽  
Advanced Economies ◽  
The World ◽  
World Economic ◽  
Definition Of

This chapter focuses on the issue of global competitiveness of the economies, based on the dimensions analyzed by the World Economic Forum in assessing the economic competitiveness of a large sample of countries. From the different stages of development of the countries, the study aims to help us to understand what pillars contribute most to the global competitiveness. Results based on structural equation model show what dimensions within each economic development stage best explain the competitiveness, helping us to realize even the performance achieved by the most advanced economies. Understanding the association of factor groups, pillars and related items, and levels of competitiveness may help academics to conduct new studies, as well as politicians in the definition of intervention priorities.

Neglect of Growing Income and Asset Inequalities: A Flaw in Public Policy Discourses in India

2018 ◽  
Vol 12 (2) ◽  
pp. 149-180 ◽  
Author(s):  
S. L. Shetty
Keyword(s):  
Income Tax ◽  
Growth Strategy ◽  
Inclusive Development ◽  
Tax Revenue ◽  
Inclusive Growth ◽  
World Economic Forum ◽  
The World ◽  
World Economic ◽  
Policy Failures ◽  
Comprehensive Study

The article seeks to flag a fundamental flaw in public policies in India, namely, the neglect of growing inequalities in income and asset distributions and their causes and consequences. The article sets out a series of direct and indirect indicators of income and asset inequalities: inter-sectoral inequalities between rural-urban and farm and non-farm incomes, inter-state inequalities, gross inequalities in the distributions of urban incomes as per income-tax revenue statistics and explosive increases in remunerations of company executives. It has been pointed out that both in conception and actual implementation of the “inclusive growth” strategy, serious compromises have been made and inequalities have got worsened. In this respect, the article quotes extensively a comprehensive study done by the World Economic Forum very recently, which points out how India scores very poorly in its Inclusive Development Index (IDI) and attributes it to various policy failures.

scholarly journals Regional level of inclusive development

2021 ◽  
pp. 59-66
Author(s):  
Maryna Shashyna ◽  
Mykola Butko ◽  
Svitlana Tulchynska
Keyword(s):  
Social Reproduction ◽  
Social Protection ◽  
Well Being ◽  
Inclusive Development ◽  
Equal Opportunities ◽  
World Economic Forum ◽  
World Economic ◽  
State Of The Environment ◽  
Positive Results

The concept of inclusive development provides equal opportunities for all participants in access to the labor market and resource allocation. This concept emphasizes the equality of human capital, the ecological state of the environment, social protection and food security. This concept is fundamentally different from the standard perception of economic growth, because it has broader goals than simply increasing incomes and GDP. It rejects the position that positive results are an automatic consequence of growth; here the basic condition is human development and increase of its well-being, reduction of poverty. Therefore, it is not the result of distribution that becomes primary, but the involvement in the process of social reproduction. An alternative system of characterization of the country's position according to the resulting indicator of the Inclusive Development Index was presented at the World Economic Forum in Davos. In this research the methodical development of the system of estimation of the index of inclusive development for regions of the NUTS 4 level of the European classification is resulted.

scholarly journals Regional level of inclusive development

2021 ◽  
Vol 39 (6) ◽  
Author(s):  
Maryna V. Shashyna ◽  
Mykola P. Butko ◽  
Svitlana O. Tulchynska
Keyword(s):  
Social Reproduction ◽  
Social Protection ◽  
Well Being ◽  
Inclusive Development ◽  
Equal Opportunities ◽  
World Economic Forum ◽  
World Economic ◽  
State Of The Environment ◽  
Positive Results

The concept of inclusive development provides equal opportunities for all participants in access to the labor market and resource allocation. This concept emphasizes the equality of human capital, the ecological state of the environment, social protection and food security. This concept is fundamentally different from the standard perception of economic growth, because it has broader goals than simply increasing incomes and GDP. It rejects the position that positive results are an automatic consequence of growth; here the basic condition is human development and increase of its well-being, reduction of poverty. Therefore, it is not the result of distribution that becomes primary, but the involvement in the process of social reproduction. An alternative system of characterization of the country's position according to the resulting indicator of the Inclusive Development Index was presented at the World Economic Forum in Davos. In this research the methodical development of the system of estimation of the index of inclusive development for regions of the NUTS 4 level of the European classification is resulted.

scholarly journals ASSESSMENT OF THE COMPETITIVENESS OF THE RUSSIAN FEDERATION AND PORTUGAL

2020 ◽  
Author(s):  
Tatyana Anatolievna Korneeva ◽  
◽  
Anastasia Dmitrievna Vasilieva ◽  
Keyword(s):  
Comparative Analysis ◽  
Russian Federation ◽  
World Market ◽  
World Economic Forum ◽  
Economic Competitiveness ◽  
The World ◽  
World Economic ◽  
The Russian Federation ◽  
Main Factors ◽  
National Economies

Globalization increases competition and the development of national economies, so it is important to analyze the level of competitiveness of countries. A comparative analysis of the Russian Federation and Portugal on the main factors that affect the increase in the level of economic competitiveness and strengthening the country's position in the world market was conducted based on the report of the World Economic Forum.

Inclusive development of Ukrainian regions: assessment, rankings and prospects

2019 ◽  
pp. 36-52
Author(s):  
Iryna Bobukh ◽  
Svitlana Shchehel
Keyword(s):  
Economic Development ◽  
Development Program ◽  
Scientific Paper ◽  
Inclusive Development ◽  
World Economic Forum ◽  
New Paradigm ◽  
United Nations Development Program ◽  
Development Index ◽  
Regional Characteristics ◽  
World Economic

The paper presents the results of scientific research «Structural change as a basis of inclusive economic development of Ukraine» in terms of regional aspects. The concept of inclusive economic development is a new paradigm which can substitute traditional and outdated approaches to social and economic development measurement (as GDP for example). Leading international organizations and institutions conduct studies on different aspects of inclusiveness, such as: OECD, United Nations Development Program (UNDP), the European Commission, International Monetary Fund (IMF), World Economic Forum (WEF), World Bank, International Policy Centre for Inclusive Growth (IPC-IG). In the presented scientific paper, the regional aspects and trends of inclusive economic development are brought to a focus. An analytical overview of the most representative and important international indices and ratings, relevant to the subject of study, which contain Ukrainian data, is presented. Among the most important indexes are: The Legatum Prosperity Index, The Global Competitiveness Index, The Global Innovation Index, Index of Economic Freedom, Doing Business Index etc. Also authors present approaches to assessing the level of Ukrainian regions’ inclusive development in the context of sustainable development goals (SDG). The methodology is modified by the authors on the ground of the Inclusive Development Index (by World Economic Forum). Inclusive Regional Development index of Ukraine (IRD) developed and presented by authors makes it possible to assess the regional characteristics of the seven key socio-economic areas: Economy, Business, Education, Health, Security & Defense, Environment, Social Capital. The key problem areas are identified. Directions of State structural policies are suggested to achieve the goals of inclusive development based on regional characteristics. The authors identified key problems and justification to promote the regions towards inclusiveness and sustainability.

scholarly journals An Internationally Competitive Economy: a Comparison of Poland and the Visegrad Group Countries in the Post‑Accession Period

2017 ◽  
Vol 20 (4) ◽  
pp. 5-21 ◽  
Author(s):  
Edward Molendowski
Keyword(s):  
Secondary Data ◽  
Study Analysis ◽  
World Economic Forum ◽  
Global Competitiveness ◽  
Economic Competitiveness ◽  
Eu Membership ◽  
The World ◽  
World Economic ◽  
Visegrad Group ◽  
Competitive Economy

This article presents the results of an analysis comparing the competitive position of Poland and other countries of the Visegrad Group (V4) in the post‑accession period (2004–2015). The assumption is that among the V4 countries, Poland has joined those countries where the diverse effects of EU membership are clearly visible. In the study, analysis was applied to secondary data pertaining to pillars of economic competitiveness, as determined by the ‘Global Competitiveness Reports’ prepared by the World Economic Forum. The article ends with a list of vital conclusions based on the presented analysis.

Drivers of Global Competitiveness and Economic Growth

2020 ◽  
pp. 1968-1982
Author(s):  
Luìs Farinha ◽  
Joaquim Borges Gouveia ◽  
Sara Nunes
Keyword(s):  
Economic Growth ◽  
Structural Equation ◽  
Development Stage ◽  
Equation Model ◽  
Global Competitiveness ◽  
Economic Competitiveness ◽  
Advanced Economies ◽  
The World ◽  
World Economic ◽  
Definition Of

This chapter focuses on the issue of global competitiveness of the economies, based on the dimensions analyzed by the World Economic Forum in assessing the economic competitiveness of a large sample of countries. From the different stages of development of the countries, the study aims to help us to understand what pillars contribute most to the global competitiveness. Results based on structural equation model show what dimensions within each economic development stage best explain the competitiveness, helping us to realize even the performance achieved by the most advanced economies. Understanding the association of factor groups, pillars and related items, and levels of competitiveness may help academics to conduct new studies, as well as politicians in the definition of intervention priorities.

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.

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