Competitiveness of the National Economy in the Context of Globalization

Abstract

The aim of the article is to study the competitiveness of the national economy of Ukraine and factors influencing it, determine the position of the country in the world economic rankings, monitor the latest global trends and analyze their impact on the competitiveness of Ukraine in the context of globalization. The theoretical bases of the concept “competitiveness of the national economy” are defined, and factors and patterns of the country’s competitiveness in the global space are systematized. It is determined that innovation, technologies, and human potential are the driving forces of competition in the modern world. With regard to the international practice, it is concluded that the use of the index method, on the basis of which world competitiveness rankings are formed, is optimal. It is established that the most positive dynamics is observed in terms of the Ease of Doing Business Index. At the same time, other indices have a relatively moderate trend with a slight positive or negative deviation. Prospects for further research in this direction are the issues of optimizing national competitive advantages under the influence of global challenges, constant monitoring of the latest trends in the development of the world economy, and analysis of the impact of globalization processes on the formation of the country’s competitiveness.

Keywords

• globalization
• competitiveness of the national economy
• export promotion
• international indices
• GCI