BUSINESS INFORM JOURNAL.

УКР

ENG

Search:

REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

PUBLISHER

Liburkina L. M.

SITE SECTIONS

The Rating Systems for Assessing the Business Environment of the Host Country
Kalyuzhna N. H., Lezhepokova V. G.

Kalyuzhna, Nataliya H., and Lezhepokova, Viktoriia G. (2020) “The Rating Systems for Assessing the Business Environment of the Host Country.” Business Inform 5:70–78.
https://doi.org/10.32983/2222-4459-2020-5-70-78

Section: International Economic Relations

Article is written in Ukrainian
Downloads/views: 1

Download article (pdf) -

UDC 339.977

Abstract:
The article is concerned with analyzing the international ratings and indices, developed by leading international institutions and organizations in order to study different aspects of the country’s development. The major rating systems are described, allowing to assess the degree of attractiveness of the business environment of the host country for implementing entrepreneurial activities, with allocation of their components and evaluation parameters. Both the leading countries and Ukraine’s positions in the ratings of indexes of economic freedom, global competitiveness, ease of doing business and involvement of countries in international trade are defined. It is displayed that international rating systems create wide opportunities for analysis of the business environment of the geographically diversified international companies. It is substantiated that the variety of approaches to assessment and the indicators used leads to the difficulty of comparison of the results of use of rating systems and determines the feasibility of further research in the direction of improving the instrumentarium of assessing the favorability of the business environment of the host country. In order to reduce subjectivity and ensure complexity of the result, an approach to calculating the aggregate indicator is proposed, allowing to assess the favorableness of the national environment for international business in accordance with its core components.

Keywords: rating of economic processes, index of economic freedom, global competitiveness index, ease of doing business index, index of country involvement in international trade, aggregate indicator of attractiveness of the country’s business environment.

Fig.: 4. Tabl.: 1. Formulae: 1. Bibl.: 14.

Kalyuzhna Nataliya H. – Doctor of Sciences (Economics), Professor, Professor, Department of World Economy, Kyiv National University of Trade and Economics (19 Kіoto Str., Kyiv, 02156, Ukraine)
Email: [email protected]
Lezhepokova Viktoriia G. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of World Economy, Kyiv National University of Trade and Economics (19 Kіoto Str., Kyiv, 02156, Ukraine)
Email: [email protected]

List of references in article

Vitrenko, L. O., and Kobzar, I. A. “Finansova hlobalizatsiia ta yii vplyv na ekonomiku Ukrainy“ [The Influence of Financial Globalization on the Economy of Ukraine]. Internauka. 2020. https://www.inter-nauka.com/uploads/public/15851351747428.pdf#page=20
Kryviaziuk, I. V., and Volynchuk, Yu. V. “Ukraina v mizhnarodnykh ekonomichnykh reitynhakh: postkryzovi syndromy chy apokalipsys?“ [Ukraine in International Economic Rating: Post-Crisis Syndromes or Apocalypse?]. Aktualni problemy ekonomiky, no. 10 (2014): 56-62.
Kyrychenko, K. I. “Mizhnarodni reitynhy i indeksy v systemi otsiniuvannia rivnia sotsialnykh, ekonomichnykh i politychnykh transformatsii v Ukraini“ [International Rankings and Indexes in the System for Evaluation of the Level of Social, Economic and Political Transformations in Ukraine]. Upravlinnia rozvytkom, no. 1-2 (2017): 18-26.
Kukharskaya, N. A. “Ukraina v mezhdunarodnykh reytingakh konkurentosposobnosti i innovatsionnogo razvitiya“ [Ukraine in the International Ratings of Competitiveness and Innovative Development]. Ekonomist, no. 1 (2017): 5-13.
Shtuler, I. O. “Suchasni tendentsii pozytsiiuvannia Ukrainy v svitovykh reitynhakh v umovakh tsyklichnykh kolyvan ekonomiky“ [Current Trends Positioning of Ukraine in the World Rankings in Terms of Cyclical Fluctuations in the Economy]. Ekonomika ta upravlinnia natsionalnym hospodarstvom. 2016. http://www.economyandsociety.in.ua/journal/2_ukr/38.pdf
Brink, Ch. H. Measuring Political Risk: Risks to Foreign Investment. Farnham: Ashgate Publishing, Ltd., 2004.
Spar, D. L. Managing International Trade And Investment: Casebook. London: Imperial College Press, 2003.
Bouchet, M. H., Clark, E., and Groslambert, B. Country Risk Assessment: A Guide to Global Investment Strategy. Hoboken: Wiley, 2003.
“Index of Economic Freedom 2020“. https://www.heritage.org/index/book/chapter-3
“Global Competitiveness Index 2019 Rankings“. http://www3.weforum.org/docs/WEF_TheGlobalCompetitivenessReport2019.pdf
[Legal Act of Ukraine] (2015). https://zakon2.rada.gov.ua/laws/show/5/2015
“Doing Business 2020. Reforming to Create Jobs“. https://www.doingbusiness.org/en/reports/global-reports/doing-business-2020
Storozhchuk, V. M. “Pidkhid do otsiniuvannia rezultatyvnosti mytno-taryfnoho rehuliuvannia krainy“ [Approach to Assessing the Results of Customs and Tariff Regulations of the Country]. Hlobalni ta natsionalni problemy ekonomiky. 2017. http://global-national.in.ua/archive/19-2017/12.pdf
“The Global Enabling Trade Report 2016“. http://www3.weforum.org/docs/WEF_GETR_2016_report.pdf

FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

INFORMATION

The Plan of Scientific Conferences

OUR PARTNERS

Journal «The Problems of Economy»

The site and its metadata are licensed under CC BY-SA.

Write to webmaster