The Strategy for Increasing the Competitiveness of Georgia

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.

• G. Erkomaishvili

• Competitive advantage
• competitiveness
• competitiveness improvement strategy
• competitiveness of Georgia.

[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.