Competition in the 21st Century: What Can Ukraine and Local Business Count on?

New investments increasingly need more talents and developed innovative ecosystems than cheap labor and raw materials. Namely the countries of the first world attract the best talents, minimize the need for raw materials and reduce interaction with the third world players. Today, only a few dozen countries are ready for an industrial transformation, forming closed value creation chains among themselves. Moreover, they increasingly resort to protectionism, promoting their product in the international markets aggressively. At the same time, poor countries have insufficient resources and opportunities to assert their own interests in the global economic arena.

Three panel discussions at the Kyiv International Economic Forum (KIEF) will be dedicated to different aspects of global competition. The panel “International Business: Competitors or Partners?” on October 18 will be dedicated to the realities and prospects of cooperation between states and business in those countries which are at different stages of development. Experts from different sectors of the economy will offer their vision of how countries and companies can take their chance to transform themselves, as well as what needs to be done to enter the global value chains.

The speakers of another panel called “Investment Climate and Global Competition” on October 19 will discuss what advantages developing countries have and what they can offer to global capital. Representatives of major banks and investment companies will tell you which niches are the most promising for investments and where to look for a resource to launch globally competitive companies. The discussion will be moderated by a special guest of the forum — a British journalist and former BBC World News presenter, Nik Gowing.

Another rather unusual view of competition will be in the focus of the panel discussion “The Future of Competitiveness: Corporations, Cities, Countries” on October 18. Experts will try to find a recipe for mutually beneficial development of corporations, cities and states in such conditions when transnational companies have already surpassed the capabilities of countries and mega-cities have become civilization centers of the world. After all, urbanization concentrates economically active population, capital and technology, challenging existing approaches to the territorial administration. States still remain sites for providing legal, physical and security infrastructure, but the development of countries directly depends on the success of business and specific business centers.

The Fifth Anniversary KIEF will be held on October 18-19, 2018 and bring together world-class economists, famous businessmen, investors and visionaries from more than thirty countries. The key topic of the forum will be the future of the countries in the high-tech world. Participants in the KIEF are expected to discuss the strategies and tools of competitiveness, consequences of trade wars, investment attractiveness, as well as the introduction of modern technologies in industry, banking and agriculture, etc.

You can follow the KIEF news on the forum’s website and its official Facebook account.

Kyiv International Economic Forum (KIEF) is a permanent platform for the formation of Ukraine’s economic development strategy. It is aimed at organizing a dialogue between experts, business and government, adopting the best international experience, creating a roadmap for development and facilitating the conversion of ideas into real actions.

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