The establishment of regulatory agencies in the agri-food sector is a state necessity (მარეგულირებელი (ჩამრევი) სამსახურების შექმნა აგროსასურსათო სექტორში სახელმწიფოებრივი აუცილებლობაა)
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Date
2020
Journal Title
Journal ISSN
Volume Title
Publisher
Ivane Javakhishvili Tbilisi State University Press
Abstract
The global food crisis significantly strengthens the motivation of a State
to assist and regulate the agricultural sector with a view to applying leverage
that is not provided for by self-regulated market mechanisms. In the current
context, the agri-food sector of Georgia requires state support, because it can
take several decades to realize its full potential from its own resources.
Solving the food security problem would amount to the preservation of the
country’s political and economic independence. We still import more than 70%
of foodstuffs needed by the population. If we are to achieve a positive trade
balance by 2025, we must massively increase agricultural production with a view
to reducing excessive spending of foreign currency on food imports.
Description
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Keywords
Citation
Economics and Business, №4, 2020, pp. 75-88