Modern approaches to the determination and calculation of the competitiveness of the national economy

Abstract

In the context of the globalization of economic relations and the openness of economies, the concept of competitiveness is being maintained or even increased. There are practically no developed countries in the world that would not create special commissions for analyzing the state of competitiveness of their economies and would not look for ways to improve it. After all, a successful strategy for sustainable development depends largely on a reliable assessment of the real situation and the development of new methodological approaches to understand the competitiveness of the economic system and the mechanisms for its management. This article is an attempt to present the most common methods in the world practice for analyzing and calculating the indicator of country competitiveness are presented, such as the methodology of the World Economic Forum and the International Institute for Management Development. However, in addition to this, some alternative approaches are suggested for determining the country ratings in the world classification by such parameters like Doing Business, the Index of Globalization, the The Legatum Prosperity Index of countries, the World Economic Situation and Prospect, and others.