{"title":"The Strategy for Increasing the Competitiveness of Georgia","authors":"G. Erkomaishvili","volume":94,"journal":"International Journal of Economics and Management Engineering","pagesStart":3263,"pagesEnd":3267,"ISSN":"1307-6892","URL":"https:\/\/publications.waset.org\/pdf\/9999537","abstract":"<p>The paper discusses economic policy of Georgia<br \/>\r\naiming to increase national competitiveness as well as the tools and<br \/>\r\nmeans which will help to improve the competitiveness of the country.<br \/>\r\nThe sectors of the economy, in which the country can achieve the<br \/>\r\ncompetitive advantage, are studied. It is noted that the country&rsquo;s<br \/>\r\neconomic policy plays an important role in obtaining and maintaining<br \/>\r\nthe competitive advantage - authority should take measures to ensure<br \/>\r\nhigh level of education; scientific and research activities should be<br \/>\r\nfunded by the state; foreign direct investments should be attracted<br \/>\r\nmainly in science-intensive industries; adaptation with the latest<br \/>\r\nscientific achievements of the modern world and deepening of<br \/>\r\nscientific and technical cooperation. Stable business environment and<br \/>\r\nexport oriented strategy is the basis for the country&rsquo;s economic<br \/>\r\ngrowth.<br \/>\r\nAs the outcome of the research, the paper suggests the strategy for<br \/>\r\nimproving competitiveness in Georgia; recommendations are<br \/>\r\nprovided based on relevant conclusions.<\/p>\r\n","references":"[1] G.Erkomaishvili, ,,Economic Development Priorities of Georgia\u201d,\r\nTbilisi, 2013, p.18\r\n[2] R. Gvelesiani, I. Gogorishvili, ,,Economic Policy\u201d, part. I, Tbilisi, 2012,\r\np.13.\r\n[3] www.weforum.org.\r\n[4] www.geostat.ge.\r\n[5] G. Erkomaishvili, ,,The Features of Formation and Development of\r\nEntrepreneurship in Georgia\u201d, Tbilisi, 2004, p.177.\r\n[6] M. Chavleishvili, Opportunities of development of the resort- touristic\r\nsphere and B&B standards in Georgia, I International Scientific-\r\nPractical Conference, Batumi, 2010, p. 304 .\r\n[7] http:\/\/gnta.ge\/sitecontent\/wp-content\/uploads\/2012\/12\/august.pdf\r\n[8] T. Mchedlidze, ,,Georgian Wellness Industry As A Big National Idea\u201d,\r\nwww.mg.ge.\r\n[9] R. Gvelesiani, I. Gogorishvili, ,,Economic Policy\u201d, part. II, Tbilisi, 2012,\r\np.196.\r\n[10] E.Kharaishvili, ,,Problems of Competition and Competitivenss in Agro-\r\nFood Productsw Sector in Georgia\u201d, 2011, p.146.\r\n[11] www.geostat.ge.","publisher":"World Academy of Science, Engineering and Technology","index":"Open Science Index 94, 2014"}