ECONOMIC POLICY TO STIMULATE INDUSTRIAL DEVELOPMENT IN GEORGIA
Gulnaz Erkomaishvili
E-mail: gulnazi.erkomaishvili@tsu.ge
Doctor of Economics, Ivane Javakhishvili , Tbilisi State University
Tbilisi, Georgia
https://orcid.org/0000-0001-8202-5655
Abstract. The article analyzes the modern level of industrial production in Georgia, shows the export-import of industrial products and evaluates the results of the activities of institutions implementing industrial policy. The research showed us that the level of development of industry in the country and its export potential are quite low. The article concludes that in the modern phase of industrial development, the country should choose a model focused on technological development and maximum growth of export potential.
It is noted that industrial policy is a strategy that supports the structural change and development of the country's industry. Accordingly, the aim of the research is to develop an economic policy that promotes the development of industry and to look for ways to implement it effectively.
Based on the identified challenges in the area of industry, recommendations for the implementation of an active industrial policy in short and long term periods were developed.
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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Copyright (c) 2023 Gulnaz Erkomaishvili
This work is licensed under a Creative Commons Attribution 4.0 International License.
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