Since 2014
Contemporary Challenges for Small Open Economies.
European Journal of Sustainable Development
View Archive Info| Field | Value | |
| Title |
Contemporary Challenges for Small Open Economies.
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| Creator |
Kordzadze, Ketevan
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| Description |
AbstractThe paper deals with the challenges that national economies all over the world are facing with and discuss how they affect main macroeconomic indicators of national economies, how their harmful impacts can be mitigated and what the opportunities for national economies in such circumstances are. Particular attention is given to the analysis of these impacts on the economies of small developing countries with open markets which are more vulnerable to the economic and political shocks and fluctuations. Alterations of macroeconomic indicators such as GDP, foreign direct investments, unemployment rate, inflation and international trade are analyzed.Respective data and trend analysis are given in the paper for understanding the impact that international economic and political events and processes have on the main economic indicators in the small open economy.By signing an association agreement with the European Union Georgia becomes more integrated into the international economy that implies as opportunities as well as threats. Both of them are analyzed in the paper, possible outcomes are compared and certain recommendations are elaborated regarding the ways the country can use to obtain maximum benefits from the process of integration into the international economy. Key words: Open economy, GDP, FDI, Unemployment, international trade.
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| Publisher |
European Center of Sustainable Development
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| Contributor |
—
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| Date |
2016-02-01
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://www.ecsdev.org/ojs/index.php/ejsd/article/view/305
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| Source |
European Journal of Sustainable Development; Vol 5, No 1; 77-82
2239-6101 2239-5938 |
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| Language |
eng
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| Relation |
http://www.ecsdev.org/ojs/index.php/ejsd/article/view/305/297
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| Rights |
This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.Authors of articles published in the European Journal of Sustainable Development retain copyright on their articles. Authors are therefore free to disseminate and re-publish their articles, subject to any requirements of third-party copyright owners and subject to the original publication being fully cited. The ability to copy, download, forward or otherwise distribute any materials is always subject to any copyright notices displayed. Copyright notices must be displayed prominently and may not be obliterated, deleted or hidden, totally or partially.
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