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.

scholarly journals Inovacijų vystymo prioritetai Ukrainos įmonėse

2014 ◽  
Vol 68 ◽  
pp. 7-22
Author(s):  
Olga Miroshnychenko
Keyword(s):  
Competitive Advantage ◽  
National Economy ◽  
Innovation Activity ◽  
Innovation Development ◽  
Global Competitiveness ◽  
Eu Member States ◽  
Innovation Potential ◽  
Global Competitiveness Index ◽  
Key Aspects ◽  
The Eu

Straipsnyje pateikiama kategorijos „inovacija“ traktuotė ir apibūdinami inovacijų tipai. Inovacijos yra esminis veiksnys, lemiantis nacionalinės ekonomikos konkurencingumą, šiuolaikinių įmonių konkurencinį pranašumą. Straipsnis apima Ukrainos įmonių inovacinio potencialo tyrimo rezultatus, inovatyvios veiklos Ukrainoje rodiklius ir jų lyginamąją analizę su Europos Sąjungos šalimis; aptariama inovatyvių įmonių dalis, inovatyvių įmonių santykis pagal inovacijų tipus, inovacinės veiklos išlaidų struktūra. Pateikiamas Ukrainos reitingas pagal globalaus konkurencingumo indekso ir inovacijų indekso dedamąsias. Aptariami esminiai Ukrainos įmonių inovacijų vystymo aspektai. Priorities for innovation development of Ukrainian enterprisesOlga Miroshnychenko SummaryThe definitions of the category “innovation” and types of innovation are being considered in the article. Innovations are crucial for the competiveness of a national economy. Today, they are the main competitive advantage of modern enterprises. A research of the innovation potential of Ukrainian enterprises has been done. The paper includes indicators of innovation activity in Ukraine and their comparison with those of the EU member states: proportion of innovative enterprises, share of enterprises with adopted innovations by the type of innovation, expenditures on research and development. The international position of Ukraine by elements of the Global Competitiveness Index, the sub-index of innovation and its elements has been considered. The paper answers the question of the key aspects of innovation development of Ukrainian enterprises.Key words: innovations, innovation activity, innovation potential, enterprise, Ukraine

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.

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 Financial Resources for the Growth of the Russian Economy

2021 ◽  
Vol 15 (2) ◽  
pp. 97-106
Author(s):  
V. I. Filatov
Keyword(s):  
National Economy ◽  
High Tech ◽  
Investment Activity ◽  
Global Competitiveness ◽  
Investment Projects ◽  
Sectoral Structure ◽  
Russian Economy ◽  
Wide Range ◽  
National Production

The article deals with the formation of financing mechanisms for the dynamic growth of the Russian economy, focused on ensuring the country's global economic and technological competitiveness in the long-term period. The transition to sustainable, dynamic development in modern Russian conditions is associated with implementing a deep structural and technological modernisation of the national economy. It should be focused on further improving the country's infrastructure and expanding the existing sectoral structure of the Russian economy based on advanced development of the production of modern machinery and equipment for a wide range of sectors of the national economy. One of the independent priority of structural modernisation is the accelerated development of technologies of a new technological order (NBIK technologies) and the creation of production facilities to produce new types of high-tech products to diversify exports and increase the global competitiveness of the Russian industry. The solution to this problem involves a significant increase in investment activity in the economy, at least by a third (at least 10 per cent of GDP). In the current conditions, the rise in investment activity should face several restrictions. First, with the weakness of the Russian national production of investment equipment, which can be overcome through imports, but most importantly, through the development of its own production of machinery and equipment in the national industry's structural modernisation. Second, the weakness of the national financial system, which is reflected in the lack of long-term savings and the low level of monetisation of the national economy. For overcoming this limitation, it is proposed to form a special investment circuit based on a targeted credit issue to finance investment projects. The conditions and limitations of using the target credit issue to finance economic growth are considered.

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.

scholarly journals Innovative development of Ukraine in the context of implementation of the association with EU

2020 ◽  
Keyword(s):  
Innovative Development ◽  
Innovation Development ◽  
Association Agreement ◽  
Global Competitiveness ◽  
Advantages And Disadvantages ◽  
Innovation Potential ◽  
Global Innovation ◽  
Global Competitiveness Index ◽  
Implementation Of Innovations ◽  
The Eu

The signing of the Association Agreement in 2014 provides for the development of innovation cooperation between Ukraine and the EU, so it is appropriate to analyze the development of innovation in Ukraine since the signing to assess the effectiveness of the agreement and identify weaknesses and strengths of Ukraine as an innovator and make appropriate recommendations. The object of the research of the article is the innovative development of country and accordingly the subject is the current state of the innovative development of Ukraine in the conditions of implementation of the Association agreement with Europen Union. The goal of the research is to determine the level of innovation development in Ukraine, highlight the main advantages and disadvantages and provide appropriate recommendations for improving the conditions of innovation development in the country in the framework of the Association Agreement. To achieve the goal of the the research analysis of the dynamics of indicators that characterize the level of innovation development in the country since the signing of the Agreement was conducted. The database is international rankings such as the Global Innovation Index, the Bloomberg Innovation Index, the Global Competitiveness Index and the EU Innovation Scoreboard. Results: based on the analysis of the dynamics of indicators of the level of innovation development in Ukraine, weaknesses that prevent Ukraine from realizing its innovation potential are identified and a correlation coefficient to assess the relationship between GDP per capita and the level of innovation development is calculated. Conclusions: despite the current Agreement between Ukraine and the EU, which should stimulate the development of technology in Ukraine, the level of innovative development in the country still remains low and lags far behind the level of EU states. Thus, Ukraine does not take full advantage of the Association Agreement. The given recommendations for increasing the level of innovation development in Ukraine based on european experience should help develop a strategy for the creation and implementation of innovations, find ways to increase the competitiveness of the Ukraine’s economy by implementation its innovation potential.

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.

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