The economy of African countries

MINISTRY OF SCIENCE AND HIGHER EDUCATION OF THE RUSSIAN FEDERATION

FSAI HЕ «NORTH-CAUCASUS FEDERAL UNIVERSITY» INSTITUTE OF ECONOMICS AND MANAGEMENT

DEPARTMENT OF ECONOMICS AND FOREIGN ECONOMIC ACTIVITY

                                             COURSE WORK

IN THE DISCIPLINE

«Economy of foreign countries»

ON THE THEME:

« The economy of African countries»

Performed by:

Gaytukaev Dani Khumidovich

group ECM-b-о-19-6 direction of preparation

38.03.01 «Economics» directivity (profile)

«World economy» full-time education[pic 1]

(signature)

Head of work: Dotdueva Z.S., Candidate of Economics,

Associate Professor

of the Department of EFEA

Work admitted to defence                           

(head’s signature)        (date)

Work performed and

defended with grade                 

The date of defence                 

Members of

the commission:

professor. Department of EFEA                         

S.M. Gorlov        

(position)        (signature)        (name and surname)

associate professor. Department of EFEA                   D.A. Syromyatnikov_

(position)        (signature)        (name and surname)

associate professor. Department of EFEA                   Z.S. Dotdueva        

(position)        (signature)        (name and surname)

Stavropol, 2023

Content

Introduction        3

1 Theoretical aspects of the stages of competitive development of the economy        6

1.1 The theory of international competitive development by M. Porter        6

1.2 Stages of competitive development of the economy        13

1.3 Methodology for assessing the competitive development of the economies of different countries        19

2 Analysis of the competitive development of the Russian economy        22

2.1 Dynamics of development of competitive relations in Russia        22

2.2 Peculiarities of the formation of Russia's competitive advantages        26

2.3 Ways to increase the competitive development of the Russian economy        28

Conclusion        31

List of sources used        34

Introduction

The sources of a country's competitiveness are defined as the ability to produce comparable use values ​​at a cost lower than world prices and the ability to create greater use value at the same cost of production resources. Both sources are aimed at the same result - the influx of additional value into the country's economy. Each source has its own characteristics. Thus, the first source has a competitive origin, and the second is monopoly in nature.

The competitive nature of the ability to produce below world costs is determined by the fact that the cost advantage is the result of competition among sellers of substitute products. Two points follow from this: the instability of the gained advantage, since none of the rivals can control the factors of competitiveness; and the mandatory reduction of benefit benefits. In conditions of price competition, the seller who offers the product at a lower price has an advantage, which forces rivals to temporarily reduce the price. As a result, the size of the benefits from the cost advantage is reduced, since it is problematic to achieve the same cost reduction.

The competitive development of countries is an important indicator that characterizes the socio-economic development of the country. Competitiveness is determined by the presence of a number of competitive advantages. At the same time, a high indicator of competitiveness allows the country to accelerate economic development, gain more competitive advantages by increasing the investment attractiveness of the national economy of the country as a whole and its individual sectors. Thus, the competitiveness of the national economy forms certain socio-economic shifts. The study of this economic phenomenon is currently relevant due to the increase in globalization and integration trends, the increase in the openness of national economies and their increasing involvement in international economic relations.

The object of research is competitiveness.

The subject of the study is the competitiveness of national economies.

The relevance of the topic lies in the fact that the modern development of the world economy and especially the processes of globalization of the world economy, the increased interdependence of economies, the formation of global commodity and financial markets have led to increased interest in the problem of increasing international competitiveness in the countries included in these processes. The issues of competitiveness at the level of the economy in terms of relevance come to the fore among the issues of national importance, since they are closely related to the achievement of the country's dynamic economic development and the improvement of the living standards of its population.

The purpose of this work is to study the stages of competitive development of countries, identify the main problems of its formation and ways to solve them, forecast the prospects for the development of competitiveness, and analyze the competitive development of the Russian economy. To achieve this goal, the following tasks were defined:

The object of study in the course work is the Russian economy as a whole.

To achieve this goal, the following tasks were set within the framework of the study:

−reveal the stages of competitive development of the economy;