IDEAS home Printed from https://ideas.repec.org/a/ora/journl/v1y2018i1p352-362.html
   My bibliography  Save this article

GLOBAL COMPETITION INDEX and TURKEY; A COMPARISON WITH THE MOST COMPETITIVE COUNTRIES

Author

Listed:
  • Orhan SANLI
  • Orhan ?ANLI?smet ATE?

    (Adnan Menderes University in Turkey)

Abstract

The World Economic Forum periodically publishes 137 countries’ international indices of competition in 12 main areas. These areas from economy to health and infrastructure to innovation are the most important dynamic indicators of a country. It is usual for the most developed countries of the world to be at the forefront of global competition. Although Turkey has shown great success in several key areas in recent years, it did not reach the desired level in the global competitiveness ranking. Since more than half of the production and trade in the world in one year is carried out by a small number of industrialized countries, to stay on the global market is so difficult and destructive for developing countries. Therefore, innovation, technology and radical reforms to be realized in social and political fields became the basic conditions of development, competition and growth. In this study, Turkey's strengths and weaknesses in 12 main areas will be investigated by using the global index report issued by the World Economic Forum. To accomplish this, Turkey will be compared with the BRICS countries and the countries which rank in the top rankings of world competition index. Finally, information is given about the sustainability of Turkey's competitiveness in international markets and suggestions are made. This research has some concrete conclusion on Turkey’s competitiveness. Turkey was ranked 53rd in the area of competition in 2017 among the countries which are taken into consideration in this paper. Turkey rose to the 43rd place in 2012 which was the best performing year. Turkey's best-performing area is market size criteria which ranked 14th. The worst performance is 127th in the labor activity market. Turkey located in 60th in basic needs in the economy category. It is in the 51st place in the category of productivity boosting factors. The worst performance among the main categories is in the area of innovation and diversity enhancing factors. When BRICS countries and Turkey compared, in the overall standings Turkey is located above South Africa and Brazil and left behind China, India and Russia. It is above only Brazil in the area of innovation and diversity.

Suggested Citation

  • Orhan SANLI & Orhan ?ANLI?smet ATE?, 2018. "GLOBAL COMPETITION INDEX and TURKEY; A COMPARISON WITH THE MOST COMPETITIVE COUNTRIES," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 352-362, July.
    • Handle: RePEc:ora:journl:v:1:y:2018:i:1:p:352-362
    as

    Download full text from publisher

    File URL: http://anale.steconomiceuoradea.ro/volume/2018/n1/35.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Katarzyna Lukiewska & Agnieszka Brelik, 2021. "A Model for Measuring the International Competitiveness of Furniture Industry in the European Union Countries," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 3), pages 334-350.

    More about this item

    Keywords

    Global Competition; Global Competitiveness Index; R&D; Foreign Trade;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ora:journl:v:1:y:2018:i:1:p:352-362. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catalin ZMOLE (email available below). General contact details of provider: https://edirc.repec.org/data/feoraro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.