SOME ISSUES OF THE RAPID DEVELOPMENT OF GEORGIA AS A TRANSIT COUNTRY Cover Image

SOME ISSUES OF THE RAPID DEVELOPMENT OF GEORGIA AS A TRANSIT COUNTRY
SOME ISSUES OF THE RAPID DEVELOPMENT OF GEORGIA AS A TRANSIT COUNTRY

Author(s): Paata Giorgadze
Subject(s): International relations/trade, Economic development, Transport / Logistics
Published by: Asociaţia de Cooperare Cultural-Educaţională Suceava
Keywords: Georgia; transit; water resource; multiplier; accelerator;

Summary/Abstract: The increase in transit infrastructure in the country leads to an additional increase in services (fuel supply, technical services, trade, etc.) contributing to "multiplication" growth of local revenues. But only this effect for sustainable economic development of the country is insufficient. Today, like never before, Georgia needs scientifically justified short-term and long-term state economic programs of the rapid socio-economic development and population welfare program, the realization of which, according to the author’s opinion, the state budget revenues, new jobs, people's capacity to buy and the welfare of the country will be guaranteed. Besides, on the basis of macroeconomically grounded research, it is of great importance that the real possibilities of increasing competitiveness of the country through the use of mechanisms for capitalization technologies and world financial resources of Georgian Water Resources Fund; On the international stock exchanges, materialization of Georgia's Groundwater Drinking Water Supply in the form of securities (promotions, bonds, bills) forms a higher class bank guarantee as a new financial instrument. According to the conclusion, at the modern stage of globalization, Georgia should become one of the successful exporting countries in the world market of natural drinking water production and finished products, as a result, the reinsured funds in sectoral economic projects are multiplied in the growth of the country's income and wellbeing.

  • Issue Year: 8/2019
  • Issue No: 1
  • Page Range: 0-0
  • Page Count: 5
  • Language: English