The challenges of Georgia’s economic policy in achieving sustainable development goal 9 in the COVID-19 pandemic period
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Date
2022
Journal Title
Journal ISSN
Volume Title
Publisher
University of Maribor University Press
Abstract
The increased number of financial crises and ecological
catastrophes, as well as expanding inequality in the context of
globalisation, have raised questions on the assumptions of
mainstream economic theory and its fairness. In the context of
the COVID-19 pandemic, national economies have had to face
up to the new reality, which has placed great importance on the
context of economic stability, security and sustainable
development policies. This paper analyses the issues that need to
be considered by national economic bodies in the process of
achieving Sustainable Development Goal 9 (SDG 9) and
transforming the economy. These issues are based on the
experience gained during the COVID-19 pandemic. It is
advisable to transform the economy in a way that focuses on the
development of the manufacturing industry, including high-tech
industries. However, these sectors should be mainly exportoriented.
The development of export production should not only
be based on the natural comparative advantage, but also, for the
sake of expediency, on the acquired comparative advantage.
Description
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Keywords
economic policy, Georgia, SDG 9, COVID-19, development
Citation
6th FEB International Scientific Conference: Challenges in Economics and Business in the Post-COVID Times, Maribor, 2022, pp.21-33