Modern state of innovative development of Georgia: Challenges and prospects
2023
Abuselidze, George | Meladze, Aleko
In order to ensure global competitiveness in modern conditions, the issue of the need for innovative development of the region's economy is widely recognized. In order to promote innovative activities in Georgia, several important steps have been taken from the legislative and institutional point of view. The level of innovative development of the economy is determined by globally recognized international data, for which the data of the "Global Innovation Index", its defining parameters and categories are analysed in the paper, and their dynamics are revealed. The effectiveness of the state innovation policy is demonstrated by the tendency of the financial and economic parameters of innovative development. The paper presents an analysis of gross domestic product and gross domestic product per capita as important indicators of innovative development, and it is determined that its structure is unfavourable, and growth rates are insufficient. Based on the study of the volume and structure of foreign direct investments, as the most important aspect promoting the innovativeness of the region, the degree of its impact on innovative development is determined.
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Editeur Latvia University of Life Sciences and Technologies
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