People, Planet, Profit: A Model-Based Approach to Sustainable Regional Development in Georgia ? Evidence from Borjomi Municipality

This study explores the integration of sustainable economic development components and land use models into the regional development strategy of Georgia, with a particular focus on Borjomi Municipality as a case study. The main objective is to assess the extent to which current spatial development aligns with climate-friendly principles and to evaluate the potential effects of alternative territorial development policies.The research is based on an analysis of international experience in sustainable development and regional planning. It identifies key components and indicators of sustainable economic development and develops land use models for alternative regional development scenarios. The study applies the ?People, Planet, Profit? framework, emphasizing a balanced interaction between natural, human, and economic capital.Using Borjomi Municipality as an empirical example, the research employs scientifically grounded models to assess how existing spatial development patterns correspond to sustainability criteria. It also evaluates the potential outcomes of different policy alternatives in terms of environmental impact, economic performance, and social well-being.The findings demonstrate the degree to which sustainability principles are currently embedded in regional development and propose practical mechanisms for their improved integration. The study identifies optimal development scenarios that support climate-friendly growth, enhance regional resilience, and ensure a balanced use of territorial resources.This research was supported by Shota Rustaveli National Science Foundation of Georgia (SRNSFG) [grant number: YS-24-308]