Infrastructure development as a factor of national competitiveness level increase

Чернега, Оксана Богданівна and Chernega, Oksana (2017) Infrastructure development as a factor of national competitiveness level increase. Вісник Черкаського університету (2). pp. 67-75. ISSN 2076-5843

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Abstract

The level of competitiveness of the country as an indicator of the state’s ability to create an environment for development, to accumulate values and to raise people’s standard of living is determined by a considerable quantity of factors that reflect the peculiarities of the external and internal environment. One of the most important factors is the level of infrastructure development, which depends on the volumes and distribution of gross fixed capital accumulation among different sectors of the economy. Significant volumes of gross accumulation of gross capital in some countries of the world make it possible to increase the level of competitiveness. In developed countries, stable amounts of gross accumulation (about 20%) are quite favorable due to the availability of efficient and modern infrastructure, the need for modernization measures (which are cheaper compared to new construction) and the implementation of joint projects that involve the use of benefits of all economic agents, which reduces their cost. Ukraine has recorded very low (compared to the average in the world and in developed countries) indicators of gross fixed capital accumulation in almost all years of independence, which led to a drop in the level of economic development and competitiveness of national economy. In order to increase the competitiveness of the national economy, special infrastructure development programs, including technological and scientific, are needed.

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