The impact of political factors on Georgia's economic stability
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Date
2024
Journal Title
Journal ISSN
Volume Title
Publisher
Ivane Javakhishvili Tbilisi State University Press
Abstract
This study focuses on a comprehensive assessment of the resilience of Georgia's economy. The methodological
framework of the research is based on the PESTLE analysis tool, specifically on its two main components
– Political (P) and Economic (E) factors. Through this approach, the country's macroeconomic environment
was analyzed, and the main factors influencing Georgia's economic stability and sustainable development
were identified.
The study examines the interdependence of political and economic factors, which includes the impact of
political decisions on economic growth and the influence of economic conditions on political stability. The
impact of international economic and political relations on the country's development is also analyzed.
The research results are based on two main models: gravitational and logical-reflexive models, where
exogenous variables with probabilistic values are used, allowing for the consideration of uncertainty in external
factors and their potential impact on Georgia's economy. This approach facilitates the development
of more realistic scenarios and better risk assessment.
Description
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Keywords
Citation
IX International Scientific Conference: "Challenges of Globalization in Economics and Business", Proceedings , Tbilisi, 2024, pp. 78-88