Georgia Competitive Industries Preliminary Sector Diagnostic
As a small and open economy, Georgia's growth prospects are directly linked to its ability to produce and sell goods and services competitively in the global marketplace. The World Bank Georgia Competitive Industries Technical Assistance Proje...
Main Authors: | , , , |
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Language: | English en_US |
Published: |
World Bank, Washington, DC
2013
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/2013/06/17965726/georgia-competitive-industries-technical-assistance-project http://hdl.handle.net/10986/16069 |
Summary: | As a small and open economy,
Georgia's growth prospects are directly linked to its
ability to produce and sell goods and services competitively
in the global marketplace. The World Bank Georgia
Competitive Industries Technical Assistance Project has been
launched in February 2013 in response to the December 19,
2012 letter of the Ministry of economy and sustainable
development of Georgia with the request to get the
Bank's support in diagnoses of trade competitiveness
and identification of a road map for reform to enhance
Georgia's export growth and competitiveness. The
project is envisioned as a three phase program, that
comprises: February-June 2013 analytical and technical
assistance support, including diagnostic of trade
competitiveness and constraints to export growth, and
competitive industries sector diagnostic report, supported
by extensive discussions through a series of workshops,
private and public sector interviews, discussions and a
large 2-day seminar on February 28-March 1, 2013;
July-December 2013-deep dive analysis of selected
competitive industries and development of a reform road map
to support Georgia's competiveness strategy; and from
January 2013-reform implementation, supported by the
Bank's technical assistance, policy advice and lending
operations. The report is prepared on the basis of the
competitive industries sector prioritisation framework. The
report incorporates ideas and recommendations received
during February 28-March 1, 2013 seminar and several smaller
workshops and brainstorming sessions held in March-May 2013.
Export led growth provides also a strong motivation to
reform the domestic industries which will continue to
account for the vast majority of employment. Georgia's
main domestic industries include agriculture,
retail/wholesale, construction, transportation, health and
education. Since economic growth is accounted for by
productivity improvements by workers in all industries,
export-led growth can play a key role in raising these
productivity levels. |
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