Green competitiveness: Ukraine's business sector in the worldwide trends framework

Abstract

The paper deals with the analysis of measurement approaches for stable competitiveness. The authors substantiate that promotion the stable competitiveness requires the creation of modern theoretical approaches for its measurement and understanding the relevant trends in the national business sector. The analysis results prove that green competitiveness is the part of national economy competitiveness and modern trends indicate that the European countries create new market opportunities for green growth promotion and ecological competitiveness increase. The objective of the paper is to investigate the measurement system for the global stable competitiveness and to analyze the Ukraine internal peculiarities in comparison with the post-Soviet and European countries. The analysis results prove that today’s worldwide trends and tendencies of the countries green competitiveness measurement are described in the approach implemented by the Global Stable Competitiveness Index. The given methodology includes three basic aspects of stable development: economy, environment and society and defines the investigated areas within the framework of five basic fields: natural capital; social capital; resource management; intellectual capital and innovations; managerial efficiency. TOP-20 countries representation according to the Global Stable Competitiveness Index is considered, the leading developed high-income countries are determined and analyzed in this investigation. Ukraine’s position among the European and Post-Soviet countries is shown in this papers. It ranks the 74th place among 180 countries and its score level is 44.7. The authors estimate the prospects for the Ukraine stable competitiveness increase within the framework of its five main determinants.