The Imperatives of Increasing the Countries Competitiveness in the Global Financial Services Market

Abstract

There is a theoretical substantiation of the concept of increasing the competitiveness of countries in the world financial services market in the article. The key points to be based are the components of the country's competitiveness in the world financial services market. It is determined that exporters, the state, educational institutions, the whole industry are the parties who in one way or another are competent to raise certain elements of the country's competitiveness. But this approach contradicts the statement of M. Porter, who emphasized that competitiveness can be increased by companies during their competition only, and any attempts to intervene by the state to weaken it lead to the loss of competitive advantages.