Confrontational globalization and global sustainable competitiveness of small countries

Abstract

In the face of confrontational globalization, small countries faced new challenges. Confrontational globalization itself, unlike turbulent globalization, is distinguished by a number of features. If globalization in its initial nature in previous periods was focused mainly on cooperation between countries and solving common global problems, its confrontational form is already forming a fundamentally different format of relations between countries. The analysis of the last few years shows that it is becoming important for every country in the world to ensure the sustainability and competitiveness of its socio-economic system. This challenge is particularly relevant for small countries, which are characterized by relatively small resource potential and higher sensitivity to external shocks. For small countries, in the conditions of confrontational globalization, it becomes necessary to establish an effectively adjusted concept of sustainable competitiveness. Along with this, it is necessary to focus on the requirements of the formation of a knowledge-based economy and the development of human capital of the future. Keywords: features of confrontational globalization, challenges of small countries, global sustainable competitiveness.

Financial Development Strategies: Defining Objectives and Priorities

“… Without the attention of researchers, the issues of assessing the competitive position of countries in terms of the level of financial development at the global level of the world economy remain [11][12][13].…”