IMPROVEMENT OF MANAGEMENT AND FINANCIAL RELATIONS AS A FOUNDATION FOR BUILDING A COMPETITIVE ECONOMY

In the modern economy, effective management and transparent financial relations are key to building a competitive and sustainable economic system. Efficient management structures, strategic decision-making, and transparent financial operations enhance resource use, investment optimization, and market performance. This study shows that integrating management and financial relations improves economic performance, transparency, and sustainability, while weak management and non-transparent finances harm competitiveness. Government policies, institutional reforms, and strategic investments further support innovation and economic resilience, highlighting the need for continuous improvement in corporate and state management practices.