THE APEC INTEGRATED COMPETITIVE FORCE INDEX

##plugins.themes.bootstrap3.article.main##

##plugins.themes.bootstrap3.article.sidebar##

  Mykola Palinchak

  Olena Zayats

  Viktoria Bokoch

Abstract

The number of actors that affect the distribution of the competitive force in the global economy is growing, and the spheres of economic competition or cooperation are expanding to build up the competitive force. The article emphasizes the significant impact of international economic integration on the sustainable economic development of the world economy. It also shows that the study of the competitive force of interstate integration groupings is highly relevant today, as international economic integration plays a fundamental role in the development of trade and competitive relations between countries. The paper offers the methodology for competitiveness grouping of Member States of the international integration groupings in order to assess the global competitive force of trade and economic groupings in the world economy. The purpose is to investigate the Integrated Competitive Force Index of Asia-Pacific Economic Cooperation (APEC) 2019 in order to analyze the attractiveness of APEC in terms of the global competitive force. It is also important to determine the attractiveness of APEC competitive environment according to 12 criteria on the basis of the research, which, in turn, allows for a better understanding and ranking of interstate integration groupings according to their competitive forces. Result. Based on the data of the Global Competitiveness Report 2019 on the competitiveness of Asia-Pacific Economic Cooperation Member States (APEC), the Integrated Competitive Force Index of APEC as an interstate integration grouping has been calculated. The Index will help to assess economic integration or disintegration processes in the global economy. The article proves the necessity of the annual integrated competitive force ranking of international integration groupings. Practical implications. The introduction of the new Integrated Competitive Force Index of interstate integration groupings will help competition policymakers to decide which processes of economic integration or disintegration should be preferred in order to build up their competitive force in the global economy.

How to Cite

Palinchak, M., Zayats, O., & Bokoch, V. (2020). THE APEC INTEGRATED COMPETITIVE FORCE INDEX. Baltic Journal of Economic Studies, 6(4), 118-124. https://doi.org/10.30525/2256-0742/2020-6-4-118-124
Article views: 60 | PDF Downloads: 34

##plugins.themes.bootstrap3.article.details##

Keywords

the Global Competitiveness Index of a country, APEC Member States, international economic integration, the competitive force of an interstate integration grouping, the APEC competitive status in the global economy

References

Aiginger, K. (2006). Competitiveness: From a Dangerous Obsession to a Welfare Creating Ability with Positive Externalities. Journal of Industry Competition and Trade, 6(2), 161–177. doi: 10.1007/s10842-006-9475-6

Aiginger, K. & Johanna, V. (2015). Competitiveness: from a misleading concept to a strategy supporting Beyond GDP goals. Competitiveness Review, 25, 497–523. doi: http://dx.doi.org/10.1108/CR-06-2015-0052

Council on Competitiveness USA, (2020). Innovatioun Leaders Propose Nine Pillars for Competing in the Next Economy. Available at: https://www.compete.org/news/12-general-news/3408-press-release-nine-pillars-for-competing-in-the-next-economy

IMD World Competitiveness Center, (2020). IMD World Competitiveness ranking 2020. Available at: https://www.imd.org/wcc/world-competitiveness-center-rankings/world-competitiveness-ranking-2020/ (accessed 02 June 2020).

Falk, R. (1999). World Orders, Old and New. – “Current History”.

Hellwig, M. (2019). Сompetitiveness as doublespeak. Available at: http://foolsgold.international/interview-martin-hellwig-competitiveness-doublespeak/ (accessed 20 June 2020).

Krugman, P. (1994). Competitiveness: A Dangerous Obsession. Foreign affairs, 73, 28–44. Available at: https://pdfs.semanticscholar.org/4c16/a551a1761792f06edcee31f2b6dbd2636566.pdf (accessed 18 June 2020).

Krugman, P. (1996). Making sense of the competitiveness debate. Oxford review of economic policy, 12, 17–25. Available at: https://www.staff.ncl.ac.uk/david.harvey/ACE2006/Competition/KrugmanComp.pdf (accessed 22 June 2020).

Porter, M. (1990). The Competitive Advantage of Nations. Harvard Business Review, 68, 73–91. Available at: http://www.economie.ens.fr/IMG/pdf/porter_1990_-_the_competitive_advantage_of_nations.pdf (accessed 07 June 2020).

Reznikova, N. (2013). Global Economic Interdependence: The Contemporary Paradigm and Determinants of Modification. Kiev: Vistka.

Wolf, M. (2020). The Competitiveness Files. Available at: https://www.taxjustice.net/2020/01/06/the-competitiveness-files-martin-wolf/ (accessed 12 June 2020).

World Bank Group. Doing Business 2020. Available at: http://documents1.worldbank.org/curated/en/688761571934946384/pdf/Doing-Business-2020-Comparing-Business-Regulation-in-190-Economies.pdf (accessed 28 June 2020).

World Economic Forum, (2018). The Global Competitiveness Report 2018. Available at: http://www3.weforum.org/docs/GCR2018/05FullReport/TheGlobalCompetitivenessReport2018.pdf (accessed 03 June 2020).

World Economic Forum, (2019). The Global Competitiveness Report 2019. Available at: http://www3.weforum.org/docs/WEF_TheGlobalCompetitivenessReport2019.pdf (accessed 05 June 2020).