The main trends of high-tech production export and import in Georgia (საქართველოში მაღალტექნოლოგიური პროდუქციის წარმოების, ექსპორტისა და იმპორტის ძირითადი ტენდენციები)

Abstract

The role of high-tech based economy is increasing gradually in the modern world and has an appropriate impact on the development of certain counties economy. In this angle, the existing relevant environment in Georgia is not so favorable. It has to be noted that the widespread introduction of high-tech-based production and services ensures minimizing the effect of the retro economy in the whole country which at the same time will make a positive reflection on the wellness of the population. Implementation of these types of initiatives, the main focus should be definitely be on the development of high-tech and medium-tech industries. The successful realization of this precondition could be considered strengthening of the education and science sector, especially in terms of exact and natural science. The following article includes a review and brief analysis of data on high-tech-based products, their export and import, and value-added regarding the official statistical information which is at the same time would be very interesting for the public. Therefore, attracting and using high technologies in the Georgian economy in general could be a precondition for creating competitive products in the country that can meet the appropriate requirements existing in the society. Implementation of the innovation-based projects could be including only the high and medium high technological industry in accordance to international categories. Production of wine and beverages as well as mineral water and its export does not gain negative value of course but this direction would not be fully profitable for the Georgia’s economy at all. This process should be done through the growing of high-tech based production and service share in the total economy. Noteworthy, that COVID-19 pandemic processes in particular made significant impact on the traditional economic approaches. Thus, innovative ideas linked to high technology especially in post COVID era could play an important role both in the world and in Georgia.