Georgia’s Economic Growth: Identifying Industry-related Challenges and Opportunities

26.10.2020

We recently started a new project, which aims at conducting value chain analytics of selected industries (tourism, creative industries, light manufacturing, and shared intellectual services) of Georgia. The main goal of the activity is to understand recent developments, tendencies, and needs, which together serve as a basis for the decision-making processes of the relevant public bodies and will, in turn, strengthen the economic potential of each targeted value chain.

PMC Research will collect industry-related data and analyze economic trends and challenges, as well as identify opportunities for each selected sector. Moreover, we will analyze industry-related economic trends in regional and global contexts to ascertain any hurdles and possibilities with regard to economic growth. The analyses will be conducted on a quarterly basis and presented to various government agencies and private sector representatives,

“The use of quality information is vital in the identification of needs, in monitoring existing policies and programs, in the formulation of better policies, and in the evaluation of the effectiveness of policy decisions. This project, as well as the program as a whole, is dedicated to safeguarding the self-reliance and sustainable economic growth of Georgia,” said Gaga Abashidze, Consultant at PMCG.

We will also enhance the capacity of the business support organizations (BSOs) that play a central role in strengthening the private sector and boosting economic resilience, to collect and process industry-related quantitative and qualitative data, and to plan and implement research within their respective industries. 

This project is being implemented by PMC Research, in association with ISET Policy Institute under the USAID Georgia Economic Security Program (GESP). The program aims to foster broad growth of micro, small, and medium enterprises (MSMEs) that show strong potential to create jobs, increase income, and support diversification to ensure more productive economic activities in various sectors. This is expected to be achieved through synergy, strategic partnerships, and investments as well as via building collaborative alliances within and between the private sector, government, and civil society.

 

Please kindly follow the link below for detailed information about the project:
Sector and Value Chain Analytics

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