BUSINESS INFORM №9-2018

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Section: Globalization Processes in the Economy
UDC 330.341.2:339.9]:005.585
Hlushach Y. S.
Ranking of Countries in the Global Economic World (p. 13 - 19)
In the context of globalization and the development of digital economy, an important instrument for evaluating the potential of countries and their integration into the international economic space are ratings of globalization indices, of economic freedom and global competitiveness. The article is aimed at highlighting the methods of calculating ratings and applying them to measure different aspects of macroeconomic status of countries. The key provisions of rating methods and algorithms for generalization of primary data in calculation of ratings are presented; a characterization and sequence of procedures for determining the indices of the globalization index and economic freedom index are provided, and the positions of countries in the system of these indicators are analyzed; strengths and weaknesses of the national economy are identified in the context of global development. The relatively low level of Ukraine in the ratings of globalization and economic freedom testifies to its economic, political and social instability. To achieve progress, more effective action is needed in the countering corruption, development of the capital market, privatization of State-owned enterprises, improvement of the legal framework, and ensuring the rule of law.
Keywords: rating, index of globalization, index of economic freedom, index of global competitiveness.
Fig.: 1. Tabl.: 3. Formulae: 1. Bibl.: 16.

Hlushach Yuliia S. – Senior Lecturer, Department of Statistics, Accounting and Auditing, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: [email protected]

Article is written in Ukrainian
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Reference to this article:
Hlushach, Yuliia S. (2018) “Ranking of Countries in the Global Economic World.” Business Inform 9:13–19.

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