Nazim MUZAFFARLI (IMANOV)

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Nazim Muzaffarli (Imanov), D.Sc. (Econ.), professor, editor-in-chief, The Caucasus & Globalization Journal (Baku, Azerbaijan).

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COMPARATIVE ECONOMIC COMPETITIVENESS OF THE CENTRAL CAUCASIAN STATES

ABSTRACT

This article examines the competitiveness of the Central Caucasian states compared to other developing countries of Europe and Central Asia. An analysis of the methodology and results of international comparative studies of business competitiveness, economic growth, technological development, public institutions, macroeconomic environment and other parameters helps to identify the areas of potential competitive advantage of countries and to develop strategies designed to achieve and enhance their comparative advantage. The implementation of these strategies depends in large part on the quality of the business environment, which is also becoming a matter of cross-country competition in the modern world.

The Core of the Problem

Globalization of competition as a characteristic feature of today’s world and a component of economic globalization is expressed, among other things, in the fact that more and more national economies are turning into agents of international competition. Cross-country competition today is much more important for the domestic economic development of………………..

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