Evaluating the Competitiveness of the World’s Economies: Theory and Practice

The article is concerned with studying the theory and practice of evaluating the competitiveness of the world’s economies. The development stages of the methodology for evaluating the competitiveness of countries together with characteristics of the approaches used in their terms were explored. The...

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Main Authors: Khaustova Victoriia Ye., Kriachko Yevhen M., Kolodyazhna Tetyana V.
Format: Article
Language:English
Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2017-08-01
Series:Bìznes Inform
Subjects:
Online Access:http://www.business-inform.net/export_pdf/business-inform-2017-8_0-pages-49_56.pdf
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author Khaustova Victoriia Ye.
Kriachko Yevhen M.
Kolodyazhna Tetyana V.
author_facet Khaustova Victoriia Ye.
Kriachko Yevhen M.
Kolodyazhna Tetyana V.
author_sort Khaustova Victoriia Ye.
collection DOAJ
description The article is concerned with studying the theory and practice of evaluating the competitiveness of the world’s economies. The development stages of the methodology for evaluating the competitiveness of countries together with characteristics of the approaches used in their terms were explored. The methodology by the World Economic Forum (WEF), and the one, used by the Institute for Management Development (IMD), were proven to be the most substantiated and applied in world practice. The characteristics of these methodologies, the constituents, indicators, and calculation procedures were considered. The world competitiveness rankings by IMD and by WEF in the period of 2016-2017 were analyzed. The place of Ukraine in these ratings has been determined. Based on the findings, it is concluded that the country’s competitiveness is considerably low and that a conception of its increase needs to be substantiated.
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spelling doaj.art-3edf4da9300143a393a24fd9a5b044ae2022-12-21T21:04:22ZengResearch Centre of Industrial Problems of Development of NAS of UkraineBìznes Inform2222-44592311-116X2017-08-0184754956Evaluating the Competitiveness of the World’s Economies: Theory and PracticeKhaustova Victoriia Ye. 0Kriachko Yevhen M.1Kolodyazhna Tetyana V.2Doctor of Sciences (Economics), Associate Professor, Head of, Sector of Industrial Policy and Innovative Development, Research Centre of Industrial Problems of Development of NAS of UkraineCandidate of Sciences (Economics), Research Associate, Sector of Industrial Policy and Innovative Development, Research Centre of Industrial Problems of Development of NAS of UkraineSenior Lecturer, Department of Finance and Credit, Kharkiv National University of Construction Engineering and ArchitecturThe article is concerned with studying the theory and practice of evaluating the competitiveness of the world’s economies. The development stages of the methodology for evaluating the competitiveness of countries together with characteristics of the approaches used in their terms were explored. The methodology by the World Economic Forum (WEF), and the one, used by the Institute for Management Development (IMD), were proven to be the most substantiated and applied in world practice. The characteristics of these methodologies, the constituents, indicators, and calculation procedures were considered. The world competitiveness rankings by IMD and by WEF in the period of 2016-2017 were analyzed. The place of Ukraine in these ratings has been determined. Based on the findings, it is concluded that the country’s competitiveness is considerably low and that a conception of its increase needs to be substantiated.http://www.business-inform.net/export_pdf/business-inform-2017-8_0-pages-49_56.pdfcompetitivenesseconomyevaluationmethodologyrankingconstituent
spellingShingle Khaustova Victoriia Ye.
Kriachko Yevhen M.
Kolodyazhna Tetyana V.
Evaluating the Competitiveness of the World’s Economies: Theory and Practice
Bìznes Inform
competitiveness
economy
evaluation
methodology
ranking
constituent
title Evaluating the Competitiveness of the World’s Economies: Theory and Practice
title_full Evaluating the Competitiveness of the World’s Economies: Theory and Practice
title_fullStr Evaluating the Competitiveness of the World’s Economies: Theory and Practice
title_full_unstemmed Evaluating the Competitiveness of the World’s Economies: Theory and Practice
title_short Evaluating the Competitiveness of the World’s Economies: Theory and Practice
title_sort evaluating the competitiveness of the world s economies theory and practice
topic competitiveness
economy
evaluation
methodology
ranking
constituent
url http://www.business-inform.net/export_pdf/business-inform-2017-8_0-pages-49_56.pdf
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