Priorities to Increase Business Competitiveness in Georgia in Terms of Globalization

Proceedings of The 2nd International Conference on Advanced Research in Social Sciences

Year: 2019

DOI: https://www.doi.org/10.33422/2nd.icarss.2019.11.736

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Priorities to Increase Business Competitiveness in Georgia in Terms of Globalization

Badri Gechbaia, Gela Mamuladze and Paata Aroshidze

 

 

ABSTRACT: 

The paper „Priorities to increase business competitiveness in Georgia in terms of globalization “, by taking into account modern trends of globalization, investigates problems of business competitiveness in Georgia and defines the priority trends for its incensement. This work analyzes competitive strategies of Georgian companies and determines key aspects of effective functioning for business structures. It is justified, that at the current stage of economic development, in order to ensure a high level of competitiveness for Georgia it has particular importance to develop an adequate market institutions and competitive relationships according to the EU requirements, increase the efficiency of Fiscal, Monetary and Currency policies, national innovation system formation and so on.

Keywords: Competitiveness, Homeland Production, European Union, Development.