Georgia’s Economic Performance: Bright Spots and Remaining Challenges (Record no. 8798)

MARC details
000 -LEADER
fixed length control field 03699nam a22003377u 4500
001 - CONTROL NUMBER
control field pwiiw4892
003 - CONTROL NUMBER IDENTIFIER
control field OSt
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20260518120039.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 190429t2019 au ||||| |||| 00| ||eng d
040 ## - CATALOGING SOURCE
Transcribing agency OSt
041 ## - LANGUAGE CODE
Language code of text/sound track or separate title eng
084 ## - OTHER CLASSIFICATION NUMBER
Classification number E6
-- F13
-- P33
-- O24
-- O52
Number source jelc
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Akhvlediani, Tinatin
245 10 - TITLE STATEMENT
Title Georgia’s Economic Performance: Bright Spots and Remaining Challenges
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. Wien :
Name of publisher, distributor, etc. Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw),
Date of publication, distribution, etc. 2019.
300 ## - PHYSICAL DESCRIPTION
Extent 21 S.,
Other physical details 2 Tables and 13 Figures,
Dimensions 30cm.
490 1# - SERIES STATEMENT
Series statement wiiw Policy Notes and Reports
Volume/sequential designation 29
520 ## - SUMMARY, ETC.
Summary, etc. Georgia has long been one of the most trade-open economies in the world. It joined WTO in 2000 and currently has a free trade agreement with the EU and EFTA, as well as with Turkey, the CIS and China. Georgia has been also one of the most business-friendly countries. The basic objectives of Georgia’s trade policy are integration, liberalisation, diversification and transparency. The Association Agreement (AA) with the EU signed in June 2014 and in force since July 2016 lays the foundations for far-reaching political and economic cooperation with the EU and serves as a backbone for reforms. The Deep and Comprehensive Free Trade Area (DCFTA) agreement that represents a part of AA envisages a gradual implementation of reforms in areas such as trade, environment, agriculture, tourism, energy, transport and education with the aim to bring Georgia in line with EU standards. The DCFTA sets a path for further reforms in trade-related policies, such as hygiene standards for agriculture products, the approximation of regulations for industrial products, enforcement of intellectual property rights at the border, rules on public procurement and approximation to EU rules in the services area. However, there is no prospect for EU membership in the Agreement.<br/><br/>Georgia has been suffering from chronic goods trade and current account deficits; the export base has been very narrow. Foreign trade has been regionally focused on its neighbouring partners. Russia is the largest export market, ahead of Azerbaijan, Armenia, Turkey and China. Among the EU countries, the biggest markets for Georgian exports are Bulgaria and Romania. Exports are highly concentrated and there has not been much export diversification yet. The key exports to the EU include copper ores (39% of the total), nuts, nitrogen fertilisers and mineral oils. The DCFTA apparently has not had much positive effect on Georgian exports to the EU so far, despite some spectacular increases by individual products.<br/><br/>Rather than in goods exports, Georgia has a competitive advantage in services, especially in tourism and transit transport. Georgia has been also relatively successful in attracting foreign direct investment (FDI): cumulated inward FDI stocks amounted to about EUR 4,000 per capita as of mid-2018. A development strategy combining existing competitive advantages of tourism with domestic agriculture (using the excellent domestic wine and delicious local food), supported by structural reforms in the agricultural sector and targeted FDI policies, could be a viable option to foster inclusive economic growth and mitigate external vulnerabilities.<br/>
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Georgia
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element foreign trade
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element foreign direct investment
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element economic integration
651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME
Geographic name European Union
651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME
Geographic name Georgia
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element Macroeconomic Analysis and Policy
690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN)
Topical term or geographic name as entry element International Trade, Competitiveness and FDI
700 1# - ADDED ENTRY--PERSONAL NAME
Personal name Havlik, Peter
9 (RLIN) 4
830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE
Volume/sequential designation 29
Bibliographic record control number WIIW0000092
Title of a work wiiw Policy Notes and Reports
856 40 - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://wiiw.ac.at/p-4892.html">https://wiiw.ac.at/p-4892.html</a>
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Paper
Holdings
Withdrawn status Lost status Damaged status Not for loan Home library Current library Shelving location Date acquired Inventory number Total Checkouts Full call number Barcode Date last seen Price effective from Koha item type
        WIIW WIIW Library 04/29/2019 pwiiw4892   29 1000010004892 04/29/2019 04/30/2019 Paper
The Vienna Instiute for International Economic Studies (wiiw)