The competitiveness of Ukraine and Poland

Abstract

Each economy and each enterprise is focused on winning rivalry with its competitors. They can achieve this goal through development and maintenance of their competitive advantage. Nowadays, regional and national economies compete in an ever so fast changing global environment. The World Economic Forum (WEF) created a system of measuring competitiveness that uses 12 pillars of competitiveness. The ranking based on this methodology is published annually and covers most countries in the world. It allows to compare the competitiveness of national economies, which are grouped according to their stage of development. Within the ranking two neighboring countries – Ukraine and Poland – receive ranks relatively distant to one another. This is due to various reasons of economic, legal as well as political nature amongst others. This paper aims at characterizing differences in their competitive potential that could allow researchers and politicians to unveil reasons of differences that occur between these economies regarding their competitive positions.