BUSINESS INFORM №8-2017

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Section: Economic Theory
UDC 338.1
Khaustova V. Y., Kriachko Y. M., Kolodiazhna T. V.
Evaluating the Competitiveness of the World’s Economies: Theory and Practice (p. 49 - 56)
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.
Keywords: competitiveness, economy, evaluation, methodology, ranking, constituent.
Fig.: 2. Tabl.: 5. Bibl.: 19.

Khaustova Viktoriia Ye. – Doctor of Sciences (Economics), Professor, Director, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkiv, 61166, Ukraine)
Email: [email protected]
Kriachko Yevhen M. – Candidate of Sciences (Economics), Senior Research Fellow, Sector of Industrial Policy and Innovative Development of the Department of Industrial Policy and Energy Security, Research Centre for Industrial Problems of Development of NAS of Ukraine (2 floor 1-a Inzhenernyi Ln., Kharkiv, 61166, Ukraine)
Email: [email protected]
Kolodiazhna Tetiana V. – Candidate of Sciences (Economics), Associate Professor, Department of Finance, Accounting and Business, O. M. Beketov National University of Urban Economy in Kharkiv (17 Chornohlazivska Str., Kharkіv, 61002, Ukraine)
Email: [email protected]

Article is written in Ukrainian
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Reference to this article:
Khaustova, Viktoriia Ye., Kriachko, Yevhen M., and Kolodiazhna, Tetiana V. (2017) “Evaluating the Competitiveness of the World’s Economies: Theory and Practice.” Business Inform 8:49–56.

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