The analysis of the Ukraine‘s international competitiveness in the European integration conditions

Husenko Olha
senior lecturer at the Department of International Economic Relations, Odessa National University of Economics, Odesa, E-mail:olgagusenko@ukr.net, ORCID ID: https://orcid.org/0000-0003-4605-2605

Cite this article:

Husenko O. (2022) The analysis of the Ukraine‘s international competitiveness in the European integration conditions. Ed.: V.V. Kovalenko (ed.-in-ch.) and others [Analiz mizhnarodnoi konkurentospromozhnosti Ukrainy v umovakh yevropeiskoi intehratsii; za red.: V.V. Kovalenko (gol. red.)], Scientific Bulletin of the Odessa National Economic University (ISSN 2313-4569), Odessa National Economics University, Odessa, No. 7 (296), pp. 34-40.

Abstract

The paper’s aim is to analyze the Ukraine’s international competitiveness and the prospects for its improvement in the Еuropean integration’s conditions. The term "international competitiveness of the country" was systematized in the paper. It was determined that the country's international competitiveness is a broad and ambiguous concept. From the side of economic science, this concept is analyzed from several directions at once. The structure of the international competitiveness of the economy and its individual elements is studied, the driving factors that influence changes in the state of international competitiveness are identified, the mechanisms and directions for improving the state of international competitiveness of the country's economy as a whole and its foreign trade system in particular are analyzed. The application of statistical methods for assessing the the country's international competitiveness was summarized and substantiated. The place of Ukraine in the European competitive environment was determined. The role of foreign trade in the system of the Ukraine’s international competitiveness in the european integration’s conditions is characterized. The results of the paper demonstrate that in the conditions of crisis phenomena observed in the Ukraine’s economy in recent years, the efficiency of the country's functioning and its competitiveness have significantly decreased. In connection with this, ensuring the country’s development becomes an urgent aspect, the improvement of which will contribute to increasing the competitiveness and efficiency of its functioning in the market environment. The practical significance lies in the definition of the organizational and economic mechanism for ensuring the Ukraine’s international competitiveness, which involves the improvement of three main factors of influence: infrastructure, foreign trade, innovations and investments.

Keywords

international competitiveness of the country, European competitive space, Global Competitiveness Index, balanced foreign trade, integral indicator of international competitiveness, organizational and economic mechanism of increasing international competitiveness.

JEL classification: F020, F530; DOI: 10.32680/2409-9260-2022-7-296-34-40

UD classification: 339.137:330.6

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