Year: 2025
Type: article
Abstract: The article examines the impact of political factors on the competitiveness of national economies in the context of globalization. Key political instruments influencing international economic interaction are analyzed, including state regulation, sanctions, international agreements, and political stability. The study explores how political decisions shape business conditions and access to global markets, affecting the structure of international competition. Particular attention is given to the uneven distribution of economic opportunities between developed and developing countries. International economic organizations, such as the IMF and WTO, are formally aimed at ensuring fair competition; however, their policies often favor stronger states, exacerbating economic asymmetry. Protectionist measures used by governments to support national producers are also analyzed, illustrating how these policies can simultaneously restrict access for new market entrants. The authors emphasize that political factors can both foster economic growth and create barriers to international competition. Possible mechanisms to mitigate the negative impact of political risks include strengthening international cooperation, reforming global regulatory mechanisms, and increasing economic transparency. The study proposes recommendations for enhancing national economic resilience, particularly for developing countries, through policy adaptations and institutional reforms. Furthermore, the role of educational initiatives and analytical research in improving market transparency and reducing geopolitical risks is considered. The authors suggest that investments in human capital, knowledge exchange, and independent economic assessments can help level the playing field for all market participants. Additionally, digital transformation, open data initiatives, and international economic partnerships are highlighted as essential tools in overcoming structural disparities and fostering inclusive competition. The findings provide valuable insights for researchers, policymakers, and economists dealing with national competitiveness in a globalized world. The proposed recommendations aim to establish a more balanced system of international competition that accommodates the interests of both developed and developing nations while addressing political and economic inequalities.
Source: Municipal economy of cities
Authors: O. Berveno, A. Moskvina, I. Ostrovskyi
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4409511218