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

• Published in: Analele Universităţii din Oradea. Ştiinţe economice Vol. 28; no. 1; pp. 352 - 362
• Main Authors: Orhan SANLI, Orhan ?ANLI?smet ATE?
• Format: Journal Article
• Language: German
• Published: University of Oradea 01.07.2018
• Subjects: Global Competition, Global Competitiveness Index, R&D, Foreign Trade
• ISSN: 1222-569X; 1582-5450

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.