Ukraine in the world rankings: an indicator of the most successful and most promising sectors of the economy
Investments are always accompanied by risks. It can be the risk of losing money as a result of economic or political crisis, the risk of non-profit investments, the risk of incorrect selection of the investment project and obtaining the sum of profit, much smaller, than it was planned. Choosing an investment project, the investor considers several options, some companies and some scenarios, trying to choose one that would bring the maximum profit with minimal risk. In order to help to investors in this difficult task it was created a large number of ratings and evaluations that characterize the level of business in a particular country or the industry , the number of barriers in conducting business the level of corruption, the level of competitiveness of the economy.
Let us first consider the most popular and well known all over the world rankings. Analysis of the rankings of Ukraine in the world can help to determine its competitiveness, strengths and weaknesses, to identify and forecast the development of reserves of economic development as a whole and its individual sectors in particular. For example in terms of Global Competitiveness Index 2011-2012, Ukraine occupies the position 82 out of 142 of possible. This indicator is not sufficiently high but the trend of this indicator is very optimistic, a year ago it was only 89. The Ease of Doing Business Index is one more hugely popular index in the world; it possesses Ukraine in 152 place out of 183 potential. The low rating of Ukraine is connected with complicated tax laws, significant bureaucratic difficulties of doing business. However last year the Tax Code was passed in Ukraine, it should solve the first problem soon. The Economic Freedom of the World possesses Ukraine at the 125 position out of 141 investigated countries. This indicator is low and suggests that competition in most sectors of the economy goes through the stage of development and formation. This is not surprising considering the fact that the country has received the independence model and the market economy only a little more than 20 years ago. It is a very small period of time for the fundamental change in the structure of the economy, but today the positive trends of changes in this direction are outlined. It is predicted that within nearest 5-7 years the markets will be much more transparent, the access to information will be more complete, and Ukraine in terms of competition will not assign the economically developed countries. According to the Matrix of the direct foreign investments, Ukraine belongs to the states with the greatest potential and the implementation of foreign direct investments.
It is well known that the investing in well-developed sector of the economy is safest; investment in emerging businesses will bring the greatest profit.
So, today Ukraine is:
- on the 1 place in the world by the production and export of sunflower oil;
- on the 2 place by the quantity of smokers;
- on the 3 place in the world by the volumes of exports of barley and the number of luxury cars;
- on the 4 place by the volume of production and consumption of potatoes, corn on the volume of exports of titanium and eggs;
- on the 6 place by the volume of export of wheat;
- on the 8 place by the steel production;
- on 16 place in the world for exports of cheese;
- on the 19 place in the world by the exports of dairy products;
- on the 20 place in the world by the export of honey.
Investments in these industries provide a comparatively high level of profitability with a relatively low level of risks. Most enterprises, operating in these areas have a high level of competitiveness, a good reputation both within the country and abroad.
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