Main directions of economic growth of modern Georgia

Authors

  • Ushangi Samadashvili Associate Professor, Doctor of Economic Sciences, Iv. Javakhishvili Tbilisi State University. Georgia

Keywords:

economic growth, growing demand, foreign investments, multi-vector development, integration with the European Union and the rest of the world, diversification, modernization, human capital

Abstract

The article substantiates that long-term economic growth is necessary for the continuous improvement of the living standards of the population of Georgia. For long-term economic growth, the following are important: predictable political and economic stability; law supremacy; growing demand; large long-term foreign investments; Modernization of the national economy, symmetrical development in the sectoral-regional aspect and multi-vector approach; Protection and development of infrastructure and its main component - human capital;  formation of a culture of inheritance in the implementation of economic policy; Harmonization of Georgian legislation with EU legislation to enter the EU market;  increase in the number, types, quality, safety and security of Georgian export products;  introduce products to customers in prospective foreign markets, create a desire to buy and position them positively in their minds. Introducing Georgian products to clients in prospective foreign markets, approving them, forming a desire to purchase and positioning them positively in their consciousness.

 

Published

2023-09-04

How to Cite

Ushangi Samadashvili. (2023). Main directions of economic growth of modern Georgia. Theoretical Hypotheses and Empirical Results, (4). Retrieved from https://ojs.scipub.de/index.php/THIR/article/view/2078