DETERMINANTS OF USMCA COMPETITIVE FORCE FORMATION

Mykola Palinchak (), Olena Zayats (), Myroslava Tsalan () and Constantin Vasile Toca ()
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Mykola Palinchak: State University "Uzhhorod National University", Ukraine
Olena Zayats: State University "Uzhhorod National University", Ukraine
Myroslava Tsalan: State University "Uzhhorod National University", Ukraine
Constantin Vasile Toca: University of Oradea, Romania

Baltic Journal of Economic Studies, 2023, vol. 9, issue 5

Abstract: Understanding the factors that influence the formation of the competitive force within the United States-Mexico-Canada Agreement (USMCA) is crucial for delineating the features that contribute to the effective functioning and development of its economic competitive landscape. The primary objective of this article is to examine the impact of the interplay between determinants influencing the global competitiveness of member states and international integration groupings on the sustainable economic growth of the USMCA. The article introduces the author's conceptual framework, which presents a comprehensive classification of determinants that shape and enhance the adaptive competitiveness of integrated economic systems. This framework, alternatively referred to as the interpretation of the drivers of the USMCA's global competitiveness, applies to any international integration grouping. The proposed approach advocates the separation of the USMCA's development model as an independent entity, distinct from the model that governs the global competitiveness of individual member states. Notable differences have been identified by evaluating several determinants, including economic performance, government efficiency, business efficiency and infrastructure, on the formation of the global competitiveness of member states within the USMCA. The member states of the USMCA show significant differences in their global competitiveness. It is worth mentioning that the criterion of economic performance stands out as the most influential factor, with all three member states performing better in terms of competitiveness on this criterion. The study's findings underscore that the USMCA's competitiveness is a key feature of its economy. It is evident through the cumulative, synergistic effect of the pooling of global competitive forces among the member states. This amalgamation strengthens the USMCA's position in the global economy. Assessing the global competitiveness of the USMCA is important for delineating the development trajectories of member states within the international integration grouping. It is crucial for the design of a coherent competitiveness policy and the promotion of intergovernmental and inter-union dialogue. It also serves as a valuable indicator or marker of the USMCA's competitive development trajectory.

Keywords: competitiveness; international integration grouping; global competitive strength of a member state; competitive strength of the United States – Mexico – Canada Agreement; competitive economy (search for similar items in EconPapers)
JEL-codes: F00 F10 F11 F13 F15 F20 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:bal:journl:2256-0742:2023:9:5:24

DOI: 10.30525/2256-0742/2023-9-5-200-205

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