ЗНАЧЕННЯ ІНФРАСТРУКТУРНОГО ЗАБЕЗПЕЧЕННЯ ІННОВАЦІЙНО-ІНВЕСТИЦІЙНИХ ПРОЦЕСІВ У РОЗВИТКУ СІЛЬСЬКИХ ТЕРИТОРІЙ В УМОВАХ КОНКУРЕНТНОЇ ЕКОНОМІКИ

The article provides insights into implications of modern competitive economy for the national economic development and argues that in the new business realia it is critical to search for internal reserves for socioeconomic growth at all levels of administrative and territorial entities including socioeconomic development of rural areas based on natural, technological, human and other factors aimed at attaining competitive advantages. The study demonstrates that in the context of innovation and investment processes, building appropriate infrastructure is the priority objective to boost rural areas development. Such approach will contribute to creating an attractive investment environment, shaping an innovative structure of rural areas able to provide a full chain of creating and disseminating innovations and new technologies in production, enhance investment and innovation capacity of rural areas, modernization and change of territorial industries. The study identifies the terms and determinants in building effective infrastructure support for facilitating innovation and investment process of rural development and its properties that arise within the competitive economy paradigm. Apart from that, the study presents a framework of endogenous and exogenous factors affecting the infrastructure support for innovation and investment processes to foster rural development in Ukraine. The following factors are discussed as the most critical ones: legal, financial, investment-based, organizational, managerial, psychological, motivational, economic, consulting, informational, professional, scientific, industrial, technological, marketing, socioeconomic, etc. The summary outlines the key vectors of institutional, organizational and economic transformation that will promote building effective infrastructure support for further innovative development of rural areas.

DETERMINING THE EFFECT AND EFFICIENCY OF INVESTING IN HUMAN CAPITAL

In the concept "Azerbaijan 2021-2030: National Priorities for Socio-Economic Development" approved by the Decree of the President of Azerbaijan dated February 02. 2021 the following five National Priorities for socio-economic development of the country should be implemented in the next decade: 1. Steadily growing competitive economy; 2. A society based on dynamic, inclusive and social justice; 3. Competitive human capital and space for modern innovations; 4. Great return to the liberated territories; 5. Clean environment and "green growth" country. It is clear that sustainable development is also a process of economic and social change in which harmonious development, balanced development, natural resources, investment, scientific and technological development, personal development and institutional change are linked and strengthen the current situation.

COMPETING WORKERS’ RIGHTS TO REPRESENT WORKERS AS VIET NAM JOINS FREE TRADE AGREEMENTS (CPTPP, EVFTA) – A CHALLENGE FROM VIET NAM’S TRADE UNIONS

Economists expect that CPTPP, together with the EU-Vietnam Free Trade Agreement (FTA), will bring enormous economic benefits to Vietnam, by increasing the price competitiveness of Vietnam’s exports in key markets and boosting foreign direct investment (FDI), promoting economic development and creating millions of jobs, including in small and medium-sized enterprises. More importantly, CPTPP will help facilitate domestic reforms in many areas and build an environment for a competitive economy. The purpose of this article is to clarify the impact of free trade agreements on Vietnamese trade unions, which are considered exclusive in representing workers throughout the territory of Viet Nam but will no longer play this role when Viet Nam joins next-generation trade agreements.

Understanding of Islamic banking financial management in the context of global economic competition

The authors believe that understanding Islamic banking financial governance at a globally competitive level is an exciting issue in global economic studies. We have carried out the completeness of the data and the discussion from various sources of information and economic data. Furthermore, our understanding efforts were made to find solutions in answering questions and problems in the context of this study by involving a comprehensive study of economics review, involving a system of data analysis, evaluation, and in-depth conclusion drawing. We carry out this study is in a qualitative type of study relying on secondary data in the form of evidence from previous studies, which we consider valid and updated in response to the problems and questions of this study. Based on the existing data supported by the evidence of previous findings, we found that Islamic banking financial governance in the context of a globally competitive economy is an exciting issue for the parties because the world today is questioned by the failure of the conventional capitalist economy in contributing solutions to the world community. Other findings are very relevant to be discussed and become an essential theme in competitive economics, especially Islamic economics.

From Competition to Competitive Cooperation: New Paradigm for Territories Development

The modern economic space demonstrates, on the one hand, the intensifying competitive struggle of various territorial entities for natural and financial resources, investments and business, for the population, qualified personnel, tourists, etc. On the other hand, the process of formation of competitive cooperation of territories, which does not exclude competition, and complements it, acting as a driving force for the development of the economy of regions and municipalities. The authors in the study assessed the current level and prospects of territorial competition, clarified the goals of competition of regions and municipalities. Consideration of the territory as a subject of competition is explained by the fact that the regions acquire the quality of a mega- enterprise. The potential of cooperation between the territories in the modern competitive economy is revealed. In modern Russia, competitive cooperation between territories is still very rare. A number of features of the evolution of competitive cooperation of territories are revealed: cooperation is specifically limited in time; any cooperation is inherent in risk; its formation and implementation always involve certain financial, intellectual, labor and other costs. The results of expert surveys conducted by the authors in 2007, 2010, 2013, 2016 and in 2019 made it possible to highlight positive and negative results, as well as the consequences of interregional and intermunicipal cooperation in a competitive economy. An assessment of the readiness of territories (regions, municipalities) for cooperation is given. The paper draws attention to the fact that the regions and municipalities of Russia have different economic potentials, differ in the volume and specificity of resources, have features of spatial position, etc., which determines the possibilities for the development of their competitive cooperation. In the process of research, general scientific methods were used, in particular the dialectical method, the unity of the historical and logical, abstractions, analogies, expert surveys, etc. The results of the study can be used in the development and implementation of strategies for the socio-economic development of regions and municipalities in the modern competitive economic space.

Innovation - an Important Condition for the Formation of a Competitive Economy

One of the most important conditions for the development of the Georgian economy and its successful integration into the world economic space is to focus on the development of innovations and, as a result, to form a competitive economy. At present, the innovative climate in Georgia is not favorable for the formation of a competitive economy. There is no unified innovative state policy, weak innovation infrastructure, limited innovation market and normal economic stimulus to manage these processes. Financial difficulties, lack of proper guarantees in the industrial field and difficulties in creating modern and especially in high-tech production area, unstable pace of development further reduced the interest in innovative activities and led to its gradual decline. As a result, Georgia ranks 74th place among 141 countries in the Competitiveness Index. In the modern global space, the development of innovative potential is an important condition for the formation of a competitive economy of the country. In the article we focused on some of the problems of innovative development and its solution. The competitiveness potential of the country is analyzed, the role of the state in the formation of a competitive economy through the development of innovations is given.

Analysis of Regulative Systems for Heritage Protection in Nigeria

Rapid population growth in Nigeria means that the contestation for land, housing and infrastructure will intensify with serious implications for heritage protection. The federal government is currently implementing its economic recovery and growth plan (ERGP) with the aim of reducing poverty and inequality through job creation and restoring economic growth in a more diversified and competitive economy. The ERGP prioritizes tourism and the creative industries but is mainly silent about heritage protection. The problem is that the focus on economic benefits and yields from non-material and propagative aspects of culture obscures the critical issues that are affecting the regulative systems for heritage protection. This article therefore presents a detailed analysis of the nature and scope of these regulative systems in Nigeria with a view to determining the extent of their efficacy and impacts and it further makes recommendations on the way forward.

CORPORATE BANKRUPTCY AND INSOLVENCY PREDICTION MODEL

In any competitive economy, the risk of bankruptcy is pervasive. The research aims to contribute in improving the predictive power of bankruptcy and insolvency risk among companies by introducing new methods of processing and validation. This paper investigates the extensive application of the Z score model for predicting the economic-financial stability of Romanian companies in the manufacturing and extractive industries. A list of 37 financial indicators determined on the basis of the balance sheet data of 80 companies for the period 2015–2018 was used. Stepwise Least Squares Estimation through the Forward method allowed the identification of the most relevant ones. Canonical discriminant analysis and sensitivity analyzes were introduced to test the predictive power of the model. The new model identified allows both the prediction of bankruptcy and insolvency risk. This study contributes to the literature by testing variables in relation to financial difficulties and by including other classification information. The robustness of the determined canonical discriminant function was verified by testing the model on two other samples.

Dynamics of Implementation of SDG 7 Targets in EU Member States 5 Years after the Adoption of the Paris Agreement

The European Union, by adopting the European Green Deal, aims at an extremely ambitious goal to become climate neutral by 2050. This objective implies a massive investment plan to reduce disparities between EU Member States and to support their transformation efforts in order to reshape the Union into a modern, resource-efficient and competitive economy. The objective of this paper is to analyze the dynamics of implementation of SDG 7 targets in EU Member States 5 years after the adoption of the Paris Agreement. Using hierarchical clustering analysis to reveal hidden associative structures, EU countries were grouped in 2015 and 2019 based on Eurostat data in order to identify and analyze key characteristics, but also to evaluate their evolution over time. The results of this research revealed clusters of high-performing countries, as well as countries that require increased attention and support to ease the transition to a greener economy. If in 2015 the cluster of the best performing countries consisted of four EU countries, in 2019, their number increased to eight EU countries, simultaneously with an improvement of the indicators, proving a real concern and involvement regarding the achievement of SDG 7 targets.

Critical Criteria of Women-Owned SMES Performance Using Multi-Attribute Decision Making (MADM) of Analytical Hierarchy Process (AHP)

Faced with the vision that Malaysia will become a developing country by 2020, the Malaysian government is promoting the Gross Domestic Product (GDP) growth to be enhanced, while increasing the number of entrepreneurs in different sectors. Increasing the number of women entrepreneurs is one of the government's current initiatives in realizing the vision of being a well-developed country with a competitive economy, sustainable revenue, and stable social structure as a multiracial country.