The Strategy for Increasing the Competitiveness of Georgia
Commenced in January 2007
Frequency: Monthly
Edition: International
Paper Count: 32769
The Strategy for Increasing the Competitiveness of Georgia

Authors: G. Erkomaishvili

Abstract:

The paper discusses economic policy of Georgia aiming to increase national competitiveness as well as the tools and means which will help to improve the competitiveness of the country. The sectors of the economy, in which the country can achieve the competitive advantage, are studied. It is noted that the country’s economic policy plays an important role in obtaining and maintaining the competitive advantage - authority should take measures to ensure high level of education; scientific and research activities should be funded by the state; foreign direct investments should be attracted mainly in science-intensive industries; adaptation with the latest scientific achievements of the modern world and deepening of scientific and technical cooperation. Stable business environment and export oriented strategy is the basis for the country’s economic growth. As the outcome of the research, the paper suggests the strategy for improving competitiveness in Georgia; recommendations are provided based on relevant conclusions.

Keywords: Competitive advantage, competitiveness, competitiveness improvement strategy, competitiveness of Georgia.

Digital Object Identifier (DOI): doi.org/10.5281/zenodo.1096447

Procedia APA BibTeX Chicago EndNote Harvard JSON MLA RIS XML ISO 690 PDF Downloads 1843

References:


[1] G.Erkomaishvili, ,,Economic Development Priorities of Georgia”, Tbilisi, 2013, p.18
[2] R. Gvelesiani, I. Gogorishvili, ,,Economic Policy”, part. I, Tbilisi, 2012, p.13.
[3] www.weforum.org.
[4] www.geostat.ge.
[5] G. Erkomaishvili, ,,The Features of Formation and Development of Entrepreneurship in Georgia”, Tbilisi, 2004, p.177.
[6] M. Chavleishvili, Opportunities of development of the resort- touristic sphere and B&B standards in Georgia, I International Scientific- Practical Conference, Batumi, 2010, p. 304 .
[7] http://gnta.ge/sitecontent/wp-content/uploads/2012/12/august.pdf
[8] T. Mchedlidze, ,,Georgian Wellness Industry As A Big National Idea”, www.mg.ge.
[9] R. Gvelesiani, I. Gogorishvili, ,,Economic Policy”, part. II, Tbilisi, 2012, p.196.
[10] E.Kharaishvili, ,,Problems of Competition and Competitivenss in Agro- Food Productsw Sector in Georgia”, 2011, p.146.
[11] www.geostat.ge.