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Attracting Investors: Case of Impact of FDI on the Achievements of Economic Growth in Georgia

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  • Tea Kbiltsetskhlashvili

    (International Black Sea University)

Abstract

The paper examines the role and importance of Foreign Direct Investment (FDI) in Georgia after transition period and its’ impact on economic growth of the country and analysing ways for attracting FDI. It focuses on effectiveness of investment climate in Georgia after transition period and on analysis of results of global crisis on Georgia’s investment. Despite the improvement of the investment climate in Georgia, there still remain a number of persistent problems on which FDI cannot maximize its impact. The study gives recommendations how to attract foreign investors and in which particular fields funds are needed and concomitantly their impact can be maximized. Main tendencies of improving investment climate and economic growth of the country are considered. A regression analysis backs up the conclusion.

Suggested Citation

  • Tea Kbiltsetskhlashvili, 2010. "Attracting Investors: Case of Impact of FDI on the Achievements of Economic Growth in Georgia," IBSU Scientific Journal, International Black Sea University, vol. 4(2), pages 35-51.
    • Handle: RePEc:ibl:journl:v:4:y:2010:i:2:p:35-51
    as

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    File URL: https://journal.ibsu.edu.ge/index.php/ibsusj/article/download/172/166
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    References listed on IDEAS

    as
    1. Kapuria-Foreman, Vibha., 2007. "Economic freedom and foreign direct investment in developing countries," Journal of Developing Areas, Tennessee State University, College of Business, vol. 41(1), pages 143-154, September.
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    More about this item

    Keywords

    foreign direct investment; transition period; global crisis; economic growth; political stability;
    All these keywords.

    JEL classification:

    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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