EKONOMISTI
The international scientific and analytical, reviewed, printing and electronic journal of Paata Gugushvili Institute of Economics of Ivane Javakhishvili Tbilisi State University |
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Journal number 3 ∘
Mariam Khorava ∘
Prospects for the Development of Economic Processes Amid Geopolitical Landscape of Georgia Summary This article explores the path of Georgia’s European integration and economic development, analyzing current processes and future prospects. Initially, the article emphasizes the country’s strong European aspirations, which are enshrined in its constitution. These aspirations are supported by a vast majority of the population, providing a substantial impetus for advancing towards European Union membership. The article outlines the measures taken by Georgia in 2022 to obtain the status of an EU candidate country. Particular attention is given to the fight against corruption and the deoligarchization plan, which are identified as essential elements for Georgia's sustainable and inclusive development. In the context of geopolitics, the article reflects on Georgia’s strategic relationships with neighboring countries and its active participation in regional cooperation platforms. It also examines how this collaboration impacts the country’s economic development and strengthens its international standing. Regarding economic prospects, the article highlights the potential for Georgia to become a regional hub and discusses the issue of central bank independence as crucial components for a sustainable economic system. For Georgia, it is vital to deepen strategic relationships and engage actively in international negotiations. Upholding European values and standards remains one of Georgia’s primary goals, reflecting its commitment to democratic traditions, human rights, and the development of a European-style market economy. Keywords: Geopolitics, European Integration, Strategic negotiations, Economic Policy, Economic Development. |