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The innovation becomes vital for increasing the competitiveness of national economies. Innovation means investment in R & D by the private sector, large research institutions and extensive collaborations between universities and industry. The aim of this paper is to study the relationship between innovation and competitiveness in European Union countries. Ensuring future economic growth will require solutions that are more creative than any we have seen so far. The European economies faced a long period of low gro...

Today’s world is a world in which urbanization seems to be the rule because most of the planet’s inhabitants are living in towns. As humanity has already entered the urban century, cities have increasingly become places where various stakeholders, such as governments, institutions, companies, non-governmental organizations, policy makers, academics and citizens, are interconnected in order to better address social, economic, environmental, demographic, cultural and technological issues. This is why the destiny of ...

The paper deals with the drivers and barriers for the international competitiveness improvements in the pharmaceutical industry in Russia and the United States. The methodological basis of the study is the combination of the competitive advantages theory by M. Porter with the World Economic Forum’s Global Competitiveness Index methodology. A grouping of global competitiveness indicators in connection with the determinants of the Porter diamond was carried out and resulted in following seven pillars: factor conditi...

Introduction: Social demands aim at the improvement of the modern engineering and technical education in the conditions of the information educational environment of a technical university. The priority purposes of the teaching in the system of Higher education are the personal and professional growth of students: the formation of such qualities of a personality as the ability to take the responsibility, creativity, reflexivity, the ability to work in a team and readiness for further self-development. For this rea...

The article presents the concept of anticipatory management of career development of graduates of higher educational institution. It is an important element of university strategic management system and providing its competitiveness in the regional, national and international educational services market. It is proved that forming of skills of planning of professional career and effective employment at early stages of training, development and their enhancement throughout all term of training, carrying out various ...

Technologies are changing rapidly. Dynamics of transformations of world economy obliges companies to react to such changes. In our opinion, new innovative economy is an embodiment of J. Schumpeter's ideas about creative destruction. Besides, it is obvious that opportunities of information technologies are not limited yet: forming new potentials for more effective functioning of the markets will continue. But there are many problems in innovations development in well-established companies. In our opinion, in Russia...

Due to its favourable geographic position in the centre of Romania, the tourist destination of Bra?ov has continuously developed. Being located in a picturesque mountainous area and having tourist potential which combines elements of the natural environment with cultural and historical values, nowadays Bra?ov has become one of the most attractive tourist destinations in Romania. Hence, the most important objectives of this paper were to identify the current changes in the tourism market and to highlight the possib...

In the modern economy competitiveness is set as one of conditions of economic recovery. Facilitation of competitiveness may be advanced by the means of clusters, which are set as one of key priorities in strengthening and developing innovations in the whole Europe. Facilitation of competitiveness of fisheries sector cluster is a topical issue at the level of the EU. Strengthening the competitiveness of the sector cluster may better advance not only achievement of the EU Common Fisheries Policy goals and ensuring p...

Since 2007 Travel and Tourism Competitiveness Index provides the opportunity to compare countries within the travel and tourism competitiveness. This index evaluates a number of areas related to travel and tourism, which may affect its competitiveness. One of the essential factors for travel and tourism competitiveness is health and hygiene. Within health and hygiene pillar, sub-pillars such as Physician density, Access to improved sanitation, Access to improved drinking water, Hospital beds, HIV prevalence, and M...

The article is devoted to the research of relation between the competitive position of the firm (cluster) and monetary policy. For objective reasons, the Bank of Russia cannot become the main driver of economic development, but can create conditions for this by maintaining price, social and financial stability, ensuring stability and development of the financial sector and settlement system. Bank of Russia conducts monetary policy within the framework of inflation targeting. The interaction of monetary policy and ...

The relevance of this study is due to the need to develop the scientific base of engineering activities, including the approach to understanding engineering as a tool for creating competitive advantages and increasing the competitiveness of organizations. Engineering covers the whole life cycle of the object: from the idea and its development, the creation of a prototype, the application into production, including the subsequent promotion, implementation, maintenance, up to utilization. At the moment the Russian e...

As shown by researchers in the field of management, the goal of strategic management is to increase the competitiveness of various economic actors. At present, in connection with a significant increase in competition, the issues of increasing competitiveness are of paramount importance for economic agents of any kind. At the same time, the constant complication of economic conditions, increasing demands on the economic entities performance not only of economic, but also of social, environmental, etc. character, le...

The article considers the issues of import substitution in the agricultural sector of the Russian economy. The import substitution has a positive effect on the economy of the state, promotes the economic independence from other countries in the world arena and is profitable for the state. To prevent a shortage of certain products on Russian market it is necessary to develop and implement a proper import substitution policy. The import substitution in agricultural sector of Russia will also contribute to the constr...

In the modern economy, competitiveness is put forward as one of the conditions of economic recovery. In order a sector to be competitive and viable in the long term, and to be successful in its activity, the sector has to ensure competitive production. Production competitiveness is a significant factor determining the sector's development potential. The goal of the research is to evaluate the production competitiveness of Latvian fisheries sector. On the grounds of the author's offered evaluation methodology and g...

In today’s rapidly changing business environment business performance is becoming increasingly important. Improving business performance becomes an integral part of the strategic management of any business that wants to succeed in today's competitive environment. New methods (concepts) that are used to measure and manage financial performance are gradually introduced. These methods include not only financial but also non financial indicators that describe financial performance in its entire complexity. The aim of ...

The basis for each successful economy is the performance and competitiveness of its core enterprise entities. Rising competition, which is caused by growing globalization processes, forces enterprises to evaluate their performance not only from the point of view of past financial results, but at the same time to compare their achieved results with competition in the relevant sector. Enterprises are exposed to ever stronger competition from globalization, leading to increased flexibility of all actors in the nation...

Today innovation activity is considered as one of the main conditions for the modernization of the economy and one of the main indicators of competitiveness of the state. The article presents the comparative analysis of innovative activity of Russia and foreign countries and shows the global innovation index of Russia. Based on the analysis, the strong and weak points of the innovation system of Russia have been identified, the main problems hindering the development of innovation activities in Russia have been re...

In the recent years Russian sugar market has been undergoing considerable changes stipulated by the innovation development and national policy of the country focusing on food supply security and support of the domestic beet sugar production. The Russian sugar market has turned into export-dependent from import-dependent and deficit. The article analyses the place of the Russian Federation in the world sugar market in the context of import substitution and shows the Russian Federation as one of the biggest world su...

Nowadays, design is defined as one of the main innovation tools and strategic approaches in the promotion of society’s welfare and well-being in many countries, including in the European Union. Design thinking as an innovation-promoting approach that incorporates a diverse range of methods for problem solving in different contexts and on different scales is successfully applied in the United States, Europe and Asia. The experience of other countries in the application of design approach and methods might prove to ...