International competitiveness of national economics during the Сovid-19 pandemic

Анотація

The article analyzes the ratings of international competitiveness of national economies during the Covid-19 pandemic. Negative and positive shifts in the economy due to the Covid-19 pandemic in developed and developing countries are indicated. It was found, that in developed economics there is a decrease in the level of competition in network and professional services, as well as deterioration in cooperation between companies. The main positive development was the prompt response of governments through the formation and implementation of appropriate policies to minimize the consequences of the Сovid-19 pandemic, namely through digitalization and improvement of digital skills. Business structures were able to establish cooperation and joint work based on the use of online platforms. It was noted, that countries, that had previously faced epidemics had more advanced action plans in case of a similar crisis, for example (Republic of Korea, Singapore). The place of countries in the Global Competitiveness Ranking (The IMD World Competitiveness Ranking), which is calculated according to the methodology of the leading European Institute of Management (Lausanne, Switzerland), is considered. It is noted, that under the international competitiveness of the country, the Institute understands the ability of the national economy to create and maintain an environment, in which competitive business emerges. Transformational processes in the world economy require decisive and quick actions from states and international organizations. The primary task is to assess the impact of the Covid-19 pandemic on the international competitiveness of national economics and the effectiveness of national policies aimed at minimizing its negative consequences. Further development of the scientific and methodological approach to assessing the effectiveness of national policies and minimizing the consequences of the Covid-19 pandemic will allow us to identify positive experience, aimed at achieving high effectiveness of such policies, and increase it in the future in the event of similar negative consequences.