Competitiveness and its importance in modern world economic processes

Abstract

The processes taking place nowadays in the world and national economies necessitate a review of the mechanisms and approaches to managing and regulating particular activities. It is important to take into account such challenges in the context of reforming the main lines of business. Nowadays the principles of work and cooperation between countries, regions, enterprises are changing. This must be taken into account while developing long-term development strategies. New trends in the national and international economic environments place new requirements for reorientation of activities and implementation of measures system for timely adaptation to these changes before subjects of different levels and nature, including enterprises of different ownership, particularly state-owned ones. While private enterprises carry out these activities faster, focusing on their own vision, market research and their own capabilities, state-owned enterprises are often forced to comply with government regulation and state support measures. Kyrylov Yu.Ye. emphasizes that in the context of globalization, a new paradigm of competitive development is being formed, when every economic entity of different level and sphere of activity should focus on its level of development and competitiveness1. Over time, this issue will become more urgent, for this reason, mechanisms for reorientation of forms of economic activity to the principles of competitive development should be urgently formed.