The Elements of Industrial Policy in Georgia

Abstract

Georgia does not have a national industrial policy strategy document to guide a long-term transformation of the country's economic structure. Officially, the Georgian state does not pursue an industrial policy. However, some of the state activities, such as the establishment of state agencies to facilitate investment by providing funding in promising sectors, overlap with the idea of industrial policy and its instruments. The present article addresses Georgia’s socio-economic development strategy and the intervention tools of the state, with the aim of supporting industrial growth and diversification.