Trade relations and Export Orientation Prospects of Georgian Economy on EU market

Lela Bakhtadze () and Teimuraz Sartania ()
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Lela Bakhtadze: Ivane Javakhishvili Tbilisi State University; Department of International Economics and Economic Teaching History
Teimuraz Sartania: Ivane Javakhishvili Tbilisi State University / PhD Student

No 8911374, Proceedings of Economics and Finance Conferences from International Institute of Social and Economic Sciences

Abstract: On the basis of country`s economic increase, analysis of employment and export potential, in the article, there are revealed the challenges of global economy and evaluated the competitiveness of economy of Georgia. There are studied the reasons causing negative balance of foreign trade. On the basis of generalization of increase theories oriented on the export, there are assessed the significance of offer the manufacture of new export products and service relating the export products and the intensity of their sell, extension of export geography and increase of export potential of the country. Besides, there is confirmed the state`s role in increase of production`s efficiency by rational distribution of resources. There are worked out the references regarding the acceleration and improvement of trade and economic relations between the Georgia and EU during the process of integration in EU.

Keywords: trade relations; economic growth; export potential; competitiveness; export-oriented growth. (search for similar items in EconPapers)
JEL-codes: F00 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2019-07
New Economics Papers: this item is included in nep-cis, nep-int and nep-tra
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Published in Proceedings of the Proceedings of the 11th Economics & Finance Conference, Rome, Jul 2019, pages 38-49

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iefpro:8911374

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