Inclusive growth-the qualitative innovation of Georgian social and economic development strategy
Loading...
Date
2019
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Ivane Javakhishvili Tbilisi State University Press
Abstract
Economic growth is an important challenge for every country, especially for developing ones, including Georgia. Actually, economics of Georgia was increased without significant growth of the number of employed. As a response of this challenge in 2014 the Social and Economic Development Strategy of Georgia – Georgia 2020 was published aiming identification of key problems and challenges preventing development of the foundation for a long-term inclusive economic growth and improvement of welfare of the population.
The social and economic development program/strategy of Georgia - “Georgia 2020”- is relevant to the world trends, Georgia is relevant to world trends, as the main goal of the strategy is identification of the preventive factors of inclusive economic growth and defining the social-economic policy for overcoming it.
Inclusive economic growth was the main direction of country economic development, the result is long-term nature based on the strategy complexity and its activities after 2020, but the information about certain activities implemented by Government of Georgia and the achieved results is not known for the society. Activities made in the field of entrepreneurship, starting from Estonian model of income, finished with simplified business administration, are very positive and correct step, especially in the field of strengthening small and medium enterprise.
The thesis focuses on inclusive growth model as a main qualitative innovation of Georgian social and economic development strategy- Georgia 2020 and the conditions of its achievement, on the long-term oriented actions for achievement of the mentioned results ad compliance to the goals of the strategy.
We consider that for an effective result the state shall pay the special attention to the components included state strategy on education quality essurance, employment of the population of all the level and development of real production. Also, it is important that each specific step was more detailed oriented or oriented on the results for inclusive growth, as only economic growth does not bring automatic improvement of poor’s conditions. Though sustainable economic growth will be a strong basis for further inclusive growth and improvement of the condition of poors.
Description
• Beridze M. The Most Important Factor Inclusive - Economic Growth and Development, journ. “economica da biznesi”, N1, 2017 (In Georgian);
• Beridze T. Mekvabishvili E. (2018) “Hard Road” of Economic Reforms in Post-Communist Georgia: Retrospectives and Perspectives. Journ. “Economisti”, №1, p. 18-36 (In Georgian);
• Economic Inclusion Strategy 2017-2021. European Bank For Reconstruction And Development https://www.ebrd.com/what-we-do/projects-and-sectors/economicinclusion.htm Last visit 07.05.2019/
• GEORGIAN FOUNDATION FOR STRATEGIC AND INTERNATIONAL STUDIES. Chronica Poverty and Income Equality in Georgia, Economic-Statistical Research, Tbilisi 2017, p. 41;
• HTTPS://LIBRARY.FES.DE/PDF-FILES/BUEROS/GEORGIEN/13977.PDF Last visit 07.05.2019|
• Inclusive Growth and Development Report 2018. Word Economic Forum http://www3. weforum.org/docs/WEF_Forum_IncGrwth_2018.pdf |Last visit 07.05.2019|
• Kenchoshvili M. (2018) For Understanding of Challenges of Georgian Labour Market.: Globalizacia da Biznesi №6, p. 242-246 (in Georgian);
• Khaduri N. (2018) Economic Development Model of Georgia and Global Economics in Post Crisis Period, „Globalizacia da Biznesi“, N6 p. 48-53 (in Georgian);
• LEPL Produce in Georgia HTTP://WWW.ENTERPRISEGEORGIA.GOV.GE/KA /Last visit 07.05.2019|
• National Service of Statistics http//|www.geostat.ge/ Last visit 07.05.2019|;
• Social and Economic Development Strategy of Georgia, Georgia 2020;
• The Development Strategy for Small and Medium Entrepreneurship in Georgia, 20162020;
• The Ministry of Economics and Sustainable Development of Georgia http:// www. economy.ge/?page=news&nw=1042d/ |Last visit 07.05.2019|;
• The Organisation for Economic Co-operation and Development (OECD) INCLUSIVE GROWTH https//|www.oecd.org/inclusive-growth/#introduction/ [Last visit 07.05.2019];
• United Nations Development Programme 2015. What Does Inclusive Economic Growth Actually Means in Practise. https://www.undp.org/content/undp/en/home/ blog/2015/7/31/What-does-inclusive-economic-growth-actually-mean-in-practice-. html/ |Last visit 07.05.2019|;
• World Economic Forum. The Global Competitiveness Report 2017–2018. 201 27 September. P. 124-125;
• WORLD INEQUALITY REPORT 2018. World Inequality Lab. P. 8; https://wir2018.wid. world/files/download/wir 2018-summary-english.pdf Last visit 07.05.2019|
Keywords
Economic growth, inclusive growth, equality
Citation
Economics and Business, №2, 2019, pp. 81-92