Evaluation of Influence of Direct Foreign Investments on Economic Growth of Kazakhstan
Evaluation of Influence of Direct Foreign Investments on Economic Growth of Kazakhstan

Summary/Abstract: The article refers to the notion of ‘country competitiveness’ which has been described by various authors retrospectively from A. Smith and D. Ricardo to the modern studies of M. Porter, C. MacConell, S. Brue, C. Flynn and the analytics of the World Economic Forum (WEF). This article also makes certain conclusions about the evolution of this notion. The paper also concerns the methods to determine the global competitiveness index proposed by the WEF and the dynamics of BRIC (Brazil, Russia, India and China) country ratings from 2004 to 2014. The causes and factors that drove the positional changes of these countries within the considered rating were analyzed as well as the interconnection of the twelve main components of the competitiveness with the global competitiveness level (according to the WEF estimation) along with the competitiveness of goods, services of BRIC countries, growth of the GNP and the dynamics of citizens’ quality of life. The rating data for the global competitiveness of BRIC countries for a period of 8 years was compared and the conclusions were such that the WEF methods that have been governing the calculation of global competitiveness level can be erroneous.

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