In the modern world, when all sectors of the economy are undergoing changes, problems related to the competitiveness of the economy are becoming increasingly relevant. A competitive economy should first be understood as an economy with an attractive investment environment. It is an attractive investment environment that creates the basis for a constant flow of capital, which in turn can be used to modernize means of production and increase productivity, as well as to invest in and improve the business environment and its culture. To this end, some global organizations have created indices that help potential investors assess the attractiveness of the investment environment and design their investment strategies.
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Tavadyan et al. (2024) studied this question.
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