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- W2907623980 abstract "The article investigates the investment environment of Georgia. The purpose of the thesis is to determine factors that influence Georgian investment environment.The methodological basis of the article was grounded on comprehensive approach as well as characteristics of the investment environment and possible attraction of foreign investment and determining main factors. The article was based on different methods: abstraction, induction and deduction, statistical generalization, aggregation, grouping, analysis and synthesis methods.The survey revealed that the main obstacles to improve the investment environment in Georgia are the following factors: tense political situation with Russia, political and economic instability, the local consumer market low-capacity, low level of purchasing power of the population. The aforementioned factors would be found in: foreign exchange, credit and investment, the financial sector.The detection of investment environment obstacles allowed to set the appropriate measures to eliminate their negative impact: investment favorable “climate” for the purpose of establishing the necessary time to develop and implement short-term, quick impact measures such as: administrative-bureaucratic barriers reduction, effective protection of property rights and creating for business and economics activities equal opportunities, economic processes and their results openness, and publicity raise and others. These problems can be solved easily to some extent, and witless expenses, since they are dependent on the relevant legislative acts of political will.The further development could be oriented on the development and implementation long-term effects measures, such as: economic democracy principles, radical changes in economic base, the population’s awareness radical transformation, nation’s economic education and others. To realize all these measures it is obligatory to spend much more time, material, labour and financial expenses." @default.
- W2907623980 created "2019-01-11" @default.
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- W2907623980 date "2017-10-27" @default.
- W2907623980 modified "2023-09-25" @default.
- W2907623980 title "INVESTMENT ENVIRONMENT OF GEORGIA AND WAYS OF ITS DEVELOPMENT" @default.
- W2907623980 doi "https://doi.org/10.31499/2616-5236.1(2).2017.113062" @default.
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