Facing the Global Competitiveness Challenge and Quality of Business Freedom in Georgia
Authors: Zurab Mushkudiani, Badri Gechbaia
Number of views: 282
In this paper, we address the issue of the global ompetitiveness which is being launched at a time of rising income inequality, mounting social and political tensions, and a general feeling of uncertainty about the future. Growth remains persistently low: commodity prices have fallen, as has trade; external imbalances are increasing; and government finances are stressed. However, it also comes during one of the most prosperous and peaceful times in recorded history, with less disease, poverty, and violent conflict than ever before. Despite the difficult economic situation, the fundamental principles of competitiveness should not be forgotten and should not be sacrificed to short-term needs. The future is competitive economies that, given local factors, tend to increase productivity and build on present and future prosperity. The issue of competitiveness of individual regions and countries, as globalization processes deepen, remains relevant.