Assessment of Global Competitiveness Performance of G20 Countries with Two-Stage Analytical Method

Authors : Beyza Çayır Ervural

Pages : 50-60

View : 6 | Download : 8

Publication Date : 2024-12-20

Article Type : Research Paper

Abstract :With globalization, the structure of competition conditions has changed considerably, and countries have had to maintain their leadership in different areas in order to stand out. Objective assessment tools are needed for countries to better assess and evaluate their position relative to each other in the face of fierce competitiveness. International competitiveness indices are important measures that help to achieve strategic objectives more effectively. In this study, the Global Sustainable Competitiveness Index (GCI) performances of G20 countries, including Turkey, are evaluated using a practical two-stage entropy-based Simple additive weighting (SAW) method to obtain a consistent result. Firstly, the criteria were weighted using the entropy method and then the countries were ranked by descending order of GCI scores using the SAW method. The most influential indices on sustainable competitiveness performance are resource intensity index, intellectual capital and social capital, while governance index has the lowest impact. The United Kingdom, Japan and Germany had the best sustainable competitiveness performance among G20 countries. Saudi Arabia ranked last among G20 countries, while Turkey ranked 14th.
Keywords : Sustainability, Global Competitiveness Index, SAW, Entropy