NATIONAL COMPETITIVENESS OF UKRAINE: CURRENT STATE, CHALLENGES, AND PROSPECTS FOR INTERNATIONAL COOPERATION

Main Article Content

Viktoriia OPALKO
Kateryna OSTROPOLSKA

Abstract

Introduction. The topic is relevant as it addresses the urgent need to enhance Ukraine's national competitiveness amidst global economic challenges and increasing demands for sustainable development and international collaboration. This study examines the national competitiveness of Ukraine, focusing on its current state, challenges, and the prospects for enhancing international cooperation. The competitiveness analysis is based on comparison methods, SWOT analysis, PESTEL analysis, and systems analysis, emphasizing the critical need for structural reforms and international partnerships to strengthen Ukraine's economic position.


Purpose. The research aims to analyse the current state of Ukraine's national competitiveness, identify the key factors influencing its development, and explore the prospects of international cooperation as a tool to strengthen Ukraine's competitive position in the global economy.


Results. The current state of Ukraine's national competitiveness in the context of global challenges has been analysed. Key factors influencing competitiveness have been examined, and the main problems and challenges identified. Prospects for Ukraine's international cooperation in enhancing its competitive advantages in global markets have been outlined. The role of international cooperation has been substantiated as a crucial factor in strengthening Ukraine's competitiveness, as it promotes the country's integration into global economic processes, attracts investments and technologies, and fosters the development of export potential.


Originality. A mechanism has been developed to enhance Ukraine's competitiveness, taking into account international cooperation. It outlines the impact criteria that help compare various influencing factors on competitiveness, determine priority areas for development, and make informed decisions at the state policy level. The further directions of Ukraine's cooperation on the international stage have been defined.


Conclusion. The assessment of Ukraine's key economic indicators of competitiveness reflects important aspects of the development of the national economy. A SWOT analysis of Ukraine's competitiveness allowed for the evaluation of its strengths (natural resources, IT outsourcing) and weaknesses (economic instability, energy dependence, external challenges), as well as the identification of opportunities and threats to the economy in the context of global competition. Key issues include weak institutions, low innovation, energy dependence, and infrastructure limitations, which hinder competitiveness. The PESTEL analysis highlights the impact of political, economic, social, technological, environmental, and legal factors. International cooperation is a crucial factor in strengthening competitiveness, as it promotes integration into global processes, attracts investment, develops export potential, and helps overcome internal economic challenges.

Article Details

Section
Статті

References

Porter, M. (1990). The competitive advantage of nations. Free Press.

National Institute for Strategic Studies (NISS). (2024). Assessments of industrial competitiveness of the economy and technological potential in Ukraine's industry. Retrieved from: https://niss.gov.ua/doslidzhennya/ekonomika/otsinky-industrialnoyi-konkurentospromozhnosti-ekonomiky-ta (Аccessed: September 26, 2024).

Koyuda, O. P., & Shchukina, D. O. (2024). Analysis of external and internal factors of enterprise competitiveness. Retrieved from: https://ojs.kname.edu.ua/index.php/area/article/view/1720/1642 (Аccessed: September 25, 2024).

Yarovyi, I. I. (2013). Assessment of the impact of external economic environment factors on the formation of competitiveness and the industry structure of economic activity. Efektyvna Ekonomika (Effective Economy), № 9. Retrieved from: http://www.economy.nayka.com.ua/?op=1&z=2352 (Аccessed: October 4, 2024).

Razumkov Centre. (2024). Results, prospects, and directions of EU countries' convergence. Opportunities for Ukraine. August 2024. Retrieved from: https://razumkov.org.ua/images/2024/09/11/2024_Converg_Issues_UKR_EU_UKR_ENG.pdf (Аccessed: October 21, 2024).

Transparency International. (2023). Corruption perception index (CPI) 2023. Retrieved from: https://cpi.ti-ukraine.org/ (Аccessed: October 21, 2024).

State Statistics Service of Ukraine. (2024). Official website. Retrieved from: https://stat.gov.ua (Аccessed: October 22, 2024).

The Global Economy. (2024). Ukraine: Innovation index. Retrieved from: https://www.theglobaleconomy.com/ukraine/GII_Index/ (Аccessed: October 15, 2024).

Brookings Institution. (2024). How Ukraine can upgrade its technological capabilities. Retrieved from: https://www.brookings.edu/articles/how-ukraine-can-upgrade-its-technological-capabilities/ (Аccessed: October 15, 2024).

National Bank of Ukraine (NBU). (2024). Official website. Retrieved from: https://bank.gov.ua/ (Аccessed: October 22, 2024).

Ukrainian Club of Agrarian Business (UCAB) (2024). Main indicators of Ukraine’s foreign trade. Retrieved from: https://ucab.ua/ua/doing_agribusiness/zovnishni_rinki/osnovni_pokazniki_zovnishnoi_torgivli_ukraini (Аccessed: October 12, 2024).

UNESCO Institute for Statistics (2024). Data for the sustainable development goals. Retrieved from: https://uis.unesco.org/ (Аccessed: October 23, 2024).

IMD Business School (2024). World Competitiveness Rankings. Retrieved from: https://www.imd.org/centers/wcc/world-competitiveness-center/rankings/world-competitiveness-ranking/ (Аccessed: October 30, 2024).

The London Economic (2024). Ukraine in 2024: Economic growth and foreign relations, as explained by Oleg Bakhmatyuk. Retrieved from: https://www.thelondoneconomic.com/prices-markets/ukraine-in-2024-economic-growth-and-foreign-relation-as-explained-by-oleg-bakhmatyuk-367913/ (Аccessed: October 27, 2024).

Market Publishers (2024). Ukraine PESTEL analysis – Comprehensive country outlook. December 2024. Retrieved from: https://marketpublishers.com/report/business-finance/business_survey/ukraine-pestel-analysis-comprehensive-country-outlook.html (Аccessed: October 27, 2024).

Energy Community (2024). Implementation Report: Energy Community advances steadily towards integration with the EU. Retrieved from: https://www.energy-community.org (Аccessed: October 27, 2024).