To the issue of transforming capitalist relations to economics of knowledge-based in Georgia
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Date
2019
Authors
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Journal ISSN
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Publisher
Ivane Javakhishvili Tbilisi State University Press
Abstract
In Georgia there is high level of poverty and disequilibrium among the members of the society, the role of small and medium business in the national economy does not exceed 20%, the indicators of employment are terribly disadvantageous, and within those who are employed there is unproportionally high number of those employed in the governmental sector. It’s anticipated that within the limited financial resources around the globe,
the competition between the nations and countries will increase to attract more foreign direct investments. The next stage of economic development of Georgia will be to escape from the conditions of 90-ies of last century, when it was managed introduction of the capitalism by shock therapy (when someone will not survive as the Jewish after the Egyptian exodus aiming to reach better life conditions), literally called „Boutiques opened
on every corner of the streets”, when after years of economic and political slavery in the Soviet system, everything became allowed, which was not particularly prohibited. This assumes that it shall become necessary the corporate capitalism strengthening which is the evidence of the modern life and which is the system to be the backbone of the developed world countries around the globe.
Description
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Keywords
90s shock therapy, economic policy, fiscal liberalization, innovative growth, Gini index, stock market, research and development, green economy, financial slavery, economic development, progressive taxation, academic freedom
Citation
The 4th International Scientific Conference: "Challenges of Globalization in Economics and Business", Tbilisi, 2019, pp. 335-341