Publication Details
Abstract
This article provides a step-by-step analysis of theoretical models developed by economists related to international competitiveness and its determinants. The importance of international competitiveness theories in modern economic conditions is scientifically substantiated. Within the scope of the research, the classical theories of international competitiveness, the Heckscher–Ohlin Model, Donald B. Keesing and Peter B. Kenen’s Skilled Labor Theory, Michael V. Posner’s Technological Gap Theory, Raymond Vernon’s Product Life Cycle Theory, Staffan B. Linder’s Theory of Overlapping Demand, Michael Porter’s Diamond Model, John H. Dunning’s approach, Alan M. Rugman and Daniel Cruz’s Double Diamond Model, as well as Dong-Sung Cho’s Nine-Factor Model are comparatively examined. In addition, the study substantiates the practical significance of applying these theories and models in enhancing the competitiveness of the national economy.