The Role of Foreign Direct Investment (FDI) on Georgian Economy

Ani Kalandia ()
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Ani Kalandia: Kutaisi International University

A chapter in The Digital Transformation of Georgia, 2023, pp 23-34 from Springer

Abstract: Abstract An attractive investment climate is a key tool for a country’s economic development, especially in developing and poor countries that are unable to develop their economies with local resources. However, foreign investment is not always directed unilaterally to the well-being of the local economy as expected. Employment, technology, taxation, import substitution and competition, these are the most important aspects of foreign direct investment that foreign companies bring to the host country. In addition, local businesses are being developed and supported, including local industry upgrades. Over the last 20 years, foreign direct investment has played a major role in Georgia's economic transformation process. There are still many questions about what is the motivation and what is the impact of foreign direct investment on the host economy? To what extent do foreign direct investments contribute to the development and modernization of local industries? How deeply are they integrated in different sectors of the Georgian economy? Trends in the development of foreign direct investment in Georgia are analyzed, in particular: the dynamics of foreign direct investment in recent years and the ways to regulate the investment environment.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prochp:978-3-031-26451-1_2

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DOI: 10.1007/978-3-031-26451-1_2

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