Digital Economy Challenges in Georgia at the Modern Stage of Globalization

Significant changes are occurring in the global economy. Developed countries are experiencing traditional but relatively slower growth rates, while developing countries are witnessing impressive growth. Over the past thirty years, the world economy has nearly quadrupled and developing countries had bigger growth. Specifically, when comparing GDP at current prices, the US economy is now 4 times larger than it was 30 years ago, Germany and France have each doubled their economies, Japan staid on the old level, Russia had a 4.7-fold increase, meanwhile Turkmenistan experienced an 18.8-fold increase, Georgia an 11.3-fold increase, India a 12.7-fold increase, and China a 40-fold increase. Additionally, analysis of other economic indicators reveals interesting trends. This dynamics in development is likely to intensify, accelerating international competition and impacting global politics. Securing a competitive position globally requires the rapid advancement of digital economy capabilities. Therefore, it is crucial to successfully implement Georgia's “Development of Broadband Networks” plan (see https://opennet.ge/eng/static/3/sakhelmtsifo-programa ). This plan aims to maximize the use of digital economy opportunities across the country and attract foreign donor interest and involvement. Intensive efforts are underway, including our participation in Georgia's education, science, and justice sectors.