IMPORTANCE OF INITIATIVES TO INCREASE NATIONAL COMPETITIVENESS IN TERMS OF ECONOMIC DEVELOPMENT

One of the most important elements of economic development is the element of competition. A country's gaining national competitive power in economic terms is extremely important in terms of ensuring sustainable economic growth. National competition also contributes to the strengthening of national companies, allowing these companies to be commercially competitive in international markets and increasing the country's export revenues. In its most general form, economic development means the growth of a country by developing economically and the increase in the welfare levels of individuals who make up the society. In this context, it is possible to say that increases in national competitive power are of critical importance in terms of the country's economic development. Because in a country with high competitive power, both increases in production volume occur and product quality increases, and accordingly economic development occurs, and with this potential obtained, the country's competitive power in international markets increases. It is also possible to say that the development process in a country has the possibility of attracting more investment from abroad by enabling the development of the country's infrastructure. This prepared study will focus on the importance of increases in national competitive power in terms of economic development.