THE WORLD OF INNOVATION TECHNOLOGIES AND GEORGIA

  • Мурман Кварацхелия
Keywords: new technologies, innovations, innovation management, index of innovations, business environment, nanotechnologies.

Abstract

Global transformations in the world depend on the
development of innovation processes. Innovation policy in Georgia
is directly related to international trends: the creation of new or
improved products, marketing provision, investment attraction, the
creation of valuable intellectual property, etc.
The level of innovation is a very important indicator. Its level
in the countries is determined by the index of innovations, which
has many components. In this respect, the top five in the world are
Switzerland, Sweden, the United Kingdom, the United States and
Finland. Georgia, as a developing country, ranks 64th among 128
countries, which we consider to be a positive moment. It should be
noted that in this regard, Georgia faces many problems. This, above
all, is manifested in innovation, human capital, research, knowledge
and high technology in the long run.
Georgia, whose economy is part of the world economy,
creates new strategies based on new innovative systems. It is because of the significant structural changes in the process of
globalization that develops an innovative economy.
Georgia already sees contours in terms of future innovations
that will have the greatest impact on the quality of intellectual
capital. Biotechnology, automotive, simple communication models,
alternative energy sources, modern medicine, nanotechnology, and
so on. develop at the fastest pace.
Such a revolutionary leap of innovation is dictated by the
progress of the theory of competitive advantage. This is due to the
innovation of the world market. Prospects of Georgia to achieve
high competitiveness on the world market allow to develop
intellectual capital, which is one of the driving forces of the
country’s progress in the near future.

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Author Biography

Мурман Кварацхелия

Murman Kvaratskheliia
Doctor of Economical Sciences,
Professor of the Sukhumi State
University, senior researcher of
the Paata Gugushvili Institute of
Economics of Y. Javakhishvili
Tbilisi State University.

Published
2019-07-03
How to Cite
Кварацхелия, М. (2019). THE WORLD OF INNOVATION TECHNOLOGIES AND GEORGIA. Society. Document. Communication, (6/2), 95-104. https://doi.org/10.31470/2518-7600-2019-6/2-95-104