On the COVID-19 Pandemic Economic Crisis and the Reorientation of the Georgian Economy
Abstract
The causes of COVID-19 pandemic global economic crisis do not lie in the economy, so there are simply no economic mechanisms for overcoming it. The only advice economists can give governments is what measures are to be taken to provide social support to people remaining without jobs and how to save temporarily frozen businesses. To make the Georgian economy attractive to those who want to move some of the plants from China, it is inevitable to not only simply start promoting the industrialization of the country, but also to switch to a knowledge-based economic model.
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