Ukraine’s positions in international ratings evaluation as a factor of its competitiveness

Economic Annals-ХХI: Volume 151, Issue 5-6, Pages: 24-27

Citation information:
Gryshova, I., Kriukova I., & Mitiai, O. (2015). Ukraine’s positions in international ratings evaluation as a factor of its competitiveness. Economic Annals-XXI, 5-6, 24-27. https://ea21journal.world/index.php/ea-v151-06/

Inna Gryshova
D.Sc. (Economics),
Professor,
Odessa National Academy of Food Technologies
112 Kanatna Str., Odessa, 65039, Ukraine
rimmagrish@te.net.ua

Irina Kriukova
D.Sc. (Economics),
Associated Professor,
Odessa State Agrarian University
112 Kanatna Str., Odessa, 65039, Ukraine
кryukovaia1@rambler.ru

Oksana Mitiai
PhD (Economics),
Assistant Professor,
Uman State Pedagogical University named after Pavlo Tychyna
2 Sadova Str., Uman, 20300, Ukraine
o-mityay@mail.ru

Ukraine’s positions in international ratings evaluation as a factor of its competitiveness

Abstract. Introduction. The welfare of the country and its participation in the international division of labour, the level of integration into the world economy and ultimately its international competitiveness increasingly depend on success of transnational corporations’ activities conducted in its economy.

Purpose. To study the major international rankings and analyze the position of Ukraine in them which will make it possible to conduct a research of various influence groups on the country’s competitiveness and economy.

Research methods. The research is based on general scientific methods such as the comparison method to estimate the Human Development Index; the method of statistical analysis and synthesis to calculate the Global Competitiveness Index; the deduction and hypothetical methods to ground economic and social spheres of competitiveness.

Research results. The most essential macroeconomic indicators, which were used to make the most popular international rankings, are revealed in the article. Analysis of these ratings gave the opportunity to follow the position of Ukraine, as well as to assess the real state of its economic indices as competitive factors. In particular, Ukraine should pay close attention to the strengthening of its financial markets and reduce the dependence of the national economy from export-oriented industries in order to create favourable conditions for the country’s competitiveness.

Scientific novelty of the research results. A research of Ukraine’s competitiveness based on international rankings analysis has been conducted. The research is based on such rankings as the Ease of Doing Business Index, the Corruption Perceptions Index, the Human Development Index and the Global Countries Competitiveness Rating.

The practical significance of the research results. International organizations and institutions’ ratings allow to see the real situation in the country, to identify its weaknesses and find ways to improve the country’s competitiveness.

Conclusions. Ratings of international agencies and institutions clearly show the actual state of country’s economics and finance as well as social picture. It is a reliable external source for analyzing strong and weak aspects of development. Our research of Ukraine’s positions in different international ratings has shown that the Government should create policies oriented at strengthening of financial markets and dependence of the national economy from export-oriented industries reduction which will create more favourable conditions for corporate capital performance and decrease unproductive capital export from the country.

Keywords: Rating; Competitiveness; Position; Factor; Index

JEL Classification: F14; O33

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Received 17.04.2015