Author(s): Albina Yerkin,Jurgita Martinkienė / Language(s): English
Issue: 2/2020
This article observes processes of implementation and measures taken to realization the principle of Yellow Pages Rule , the application of which will give a motion to the development of the business community in the country. The competitiveness of a country can be defined as the ability of the state in conditions of free fair competition to produce and sell goods and services that meet the requirements of the world market and increase the welfare of the country's population. The functions of the state in a market economy should, to one degree or another, be expressed in the following directions: social security, regulation of the rules of market processes and active participation in business as an investor. As the practice of developed countries shows, for really effective economic development, attention should be paid to a greater extent to solving the first two issues, which in turn is considered in the main 2 parts of this article. Authorities should encourage businesses to improve efficiency, stimulate early demand for advanced products, focus on creating specialized factors and stimulate local competition by limiting direct cooperation and enforcing antimonopoly laws. The development of competitive relations is a background for the effective impact of market mechanisms on ensuring sustainable economic growth in the country. Established state-owned enterprises in many respects have a privileged, monopoly position, and this seriously hinders the socio-economic development of the country. The analysis of the competitiveness of the economy, the strongest and weakest aspects of the development of the economy of Kazakhstan on a global scale over the past two years (2018-2019) is determined using the Global Competitiveness Index, which is also reflected in the form of a table in the article. Currently, there are tasks that require a solution, such as a weak legislative framework that regulates the responsibility of public managers and the effectiveness of financial resources management of development institutions and national companies. State legislation sets only general guidelines for the development of competition. State intervention in the sphere of economic activity of economic entities should be conditioned only by significant circumstances and the solution of the problems arising in this connection. However, the less direct participation of the state in competitive sectors of the economy, where there are no systemic obstacles to the operation of private business, the better for the country.
More...