Vira Fomishyna, Doctor of Economics, Professor, Head of the Department of Foreign Economic Activity, Kherson National Technical University, Khmelnytskyi, Ukraine

ORCID ID: 0000-0002-7276-3280
e-mail: vfomi0709@gmail.com

Nadiia Fedorova, Candidate of Economic Sciences, Associate Professor, Associate Professor of the Department of Foreign Economic Activity, Kherson National Technical University, Khmelnytskyi, Ukraine

ORCID ID: 0000-0001-9619-7212
e-mail: fedorova_nadiia@ukr.net

Tetiana Yakymchuk, Candidate of Economic Sciences, Associate Professor, Associate Professor of the Department of Foreign Economic Activity, Kherson National Technical University, Khmelnytskyi, Ukraine

ORCID ID: 0000-0002-9790-1977
e-mail: t_yak@ukr.net

Ruslan Ohorodnyk, Senior lecturer of the Department of Foreign Economic Activity, Kherson National Technical University, Khmelnytskyi, Ukraine

ORCID ID: 0000-0001-5038-9198
e-mail: ruslik77@meta.ua

Theoretical and Methodological Aspects of the Global City Concept as an Ecosystem for the Development of the Country’s Competitiveness in the World Economy

Abstract. Introduction. Globalization intensifies the competition among the countries of the world. Therefore, it is necessary to understand the factors that contribute to a country’s competitive advantage and are of primary importance for its socio-economic development. National competitiveness affects whether the country can provide stable economic growth, attractive conditions for doing business and foreign investment, and a high quality of life for its citizens. Global cities are becoming increasingly important as dynamic centers that attract capital and labor. There is a rapid exchange of information that stimulates innovation in global cities. Therefore, the development of global cities is strategically important for strengthening the national economy of a country and contributing to its competitiveness in the global economy.

Purpose. The purpose of this article is to highlight the theoretical and methodological aspects of the concept of a global city as an ecosystem for the development of a country’s competitiveness in the world economy.

Results. The main characteristics of a country’s competitiveness are summarized: (1) the ability to produce competitive goods and services, (2) the ability to attract foreign investment, (3) the attractiveness of the territory for living, (4) the growth of social and environmental standards, (5) saving or improving the real income of citizens, (6) qualitative institutional support. The definition of a global city and the criteria it must meet are presented: economic power, social and cultural diversity, innovation and technology, infrastructure and communication, political and institutional importance. The catalysts of their formation are presented through S. Sassen’s seven hypotheses on global cities. It is proposed to use the Global Power City Index, the Global Cities Report, the Globalization and World Cities Research Network, the Global Cities Index (Oxford Economics), and the Global City Lab Index to study the key characteristics of global cities

Conclusions. The global city is a key point in the organization of the world economy and has four functions: it is the center of management, the location of various types of service firms, the center of production and innovation, and the marketplace for goods and services. Due to globalization processes, global cities are becoming an interconnected system rather than a complex of competing centers. The key characteristics of global cities make them at the same time ecosystems for supporting and developing the competitiveness of countries in the world economy.

Keywords: global city; ecosystem; competitiveness; national economy; world economy.

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