Ramaz ABESADZE, Vakhtang BURDULI


Ramaz Abesadze, D.Sc. (Econ.), Professor, Director of the Paata Gugushvili Institute of Economics (Tbilisi, Georgia).

Vakhtang Burduli, D.Sc. (Econ.), Department Head at the Paata Gugushvili Institute of Economics (Tbilisi, Georgia).


REGIONAL PROBLEMS OF ACCELERATING ECONOMIC DEVELOPMENT RATES IN THE CONTEXT OF GLOBALIZATION
(A GEORGIAN CASE-STUDY)

ABSTRACT

This article substantiates the need for coordinating regional development in a post-communist country with globalization. It examines the ways being employed today to coordinate regional development in Georgia. Keeping in mind the experience of developed countries and the specifics of the transition period, it identifies and validates the vectors for improving a strategy of regional economic and social development and enhancing the system that coordinates and stimulates this development. Taking into account the current experience of several developed and developing countries, the paper offers ways to decentralize public administration in Georgia.

Keywords: Georgia, development of the regions, economic globalization, easy loan, employment, decentralization.

Introduction

For several years now, ever since economic mechanisms of globalization have begun emerging, many developed and developing countries have set out to improve and restructure regional coordination systems of social and economic development aimed at expanding the functions and powers of regional administration bodies not only to resolve social and infrastructural issues, but also to coordinate business development. It can be said that both globalization and regionalization are underway within the country. That is, globalization, which is manifested in the economic sphere in the evolving functions of global and inter-state regulation structures (primarily the WTO) and lending, for example, requires adaptation of the functions of state and regional intrastate coordination and regulation structures. France and South Korea are examples of countries where regional coordination mechanisms have been successfully adapted to..


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