Competitive development of the globalization of Сentral and Eastern Europe's economies

Abstract

The article is devoted to the investigation of the specific models of the countries` of Central and Eastern Europe (CEE) globalization, formed after the "great expansion to the East" in 2004. The analysis was based on the general indicator of the globalization level of certain countries - the KOF index and its specially synthesized components. It was decided that, on the whole, European integration contributed to the positive dynamics of globalization in the group of analyzed countries. However, a more detailed analysis revealed a different level of dependence between globalization and GDP for different countries over the analyzed period, which points to the unequal benefits of European integration for general global economic expansion and increasement of real production in the case of diverse CEE national economies. By distinguishing the intermediate indicators of the general economic situation, political environment, sociocultural conditions, information development and trade activity in the KOF index, it became possible to take into consideration the current competitive differences of globalization models within CEE and to distinguish three main models, as well as to study the level of lagging from the European indicators. The countries of Central and Eastern Europe are the EU's geostrategic resource, the so-called second EU border. At the same time, they are in geographical, mental and economic proximity to Ukraine, as well as undergoing the process of their economic model’s transformation in the context of market relations internationalization. Thus, by analyzing the global competitiveness’ of Central and Eastern Europe countries models and using the obtained data in accordance with national peculiarities of Ukraine, it is possible to form an optimal development model for it. The article uses general scientific methods inherent in economic research in a global context: analysis of literary sources and statistical materials provided by international and national profile institutions or organizations, econometric analysis methods, in particular, correlation and cluster analysis.