Georgia’s Strategic Priorities in Regional Integration Amid Global Challenge
Shota Veshapidze
Doctor of Economic Sciences, Associate Professor, Ivane Javakhishvili Tbilisi State University
Lela Jamagidze
Doctor of Economics, Associate Professor, Ivane Javakhishvili Tbilisi State University
Levan Kereselidze
Doctor of Economics, Associate Professor, Ivane Javakhishvili Tbilisi State University
Ramaz Futkaradze
Doctor of Economics, Associate Professor, Ivane Javakhishvili Tbilisi State University
Abstract
Relevance of the topic: The contemporary global context represents a polycrisis reality encompassing armed conflicts, climate change, energy security concerns, economic instability, and growing technological inequality. These realities place particular emphasis on the importance of regional integration, especially for small and medium-sized countries such as Georgia. Located at a strategically significant geographic crossroads between East and West, Georgia views regional integration as a strategic path to development and a means of strengthening its position within the global system. The current geopolitical and economic environment, including the impact of the COVID-19 pandemic and the Russia-Ukraine war, presents both new risks and a necessity for deepened international cooperation for Georgia.
Goal of the study: The aim of the study is to explore modern trends in regional integration and to identify Georgia’s strategic priorities in this process. Based on the analysis, the goal is to determine Georgia’s targeted directions for economic, political, and social development, which will support the country in achieving sustainable development under global challenges.
Subject of the research: The subject of the research is Georgia and its participation in regional integration processes. It is studied through the lenses of the modern forms of regional integration, theoretical paradigms, and their economic and political impact on Georgia's development.
Theoretical and practical significance: Theoretically, the paper contributes to the analysis of integration theories under modern conditions and offers a discussion of a practical implementation model based on the example of Georgia. Practically, the results of the research can play a significant role in the planning of national economic policies, foreign strategies, investment attraction mechanisms, and the education system. Moreover, the paper is useful for academic programs related to global economics, international relations, and business administration.
Findings and discussion: The research revealed that regional integration presents both challenges and opportunities for Georgia. The country’s active engagement in platforms such as the EU Association Agreement and DCFTA, TRACECA, the Middle Corridor, and Black Sea regional cooperation provides opportunities for economic diversification, trade expansion, energy independence, and the strengthening of its transit function. The share of EU countries in Georgia’s export structure and the volume of foreign direct investment have increased over the last decade, indicating a positive economic impact from integration. However, challenges remain, including internal institutional weaknesses, occupied territories, and excessive dependence on certain markets. Achievements in the energy and transportation sectors highlight Georgia’s potential to become a key hub in regional infrastructure networks.
Conclusion: Regional integration represents a vital path for Georgia’s long-term development and active participation in the global system. However, success in this process requires a consistent economic strategy, strengthened institutional reforms, and public consensus on Western integration. Georgia’s success will largely depend on how effectively it manages the allocation of resources, handles geopolitical risks, and develops an inclusive economic model.
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The new Economist, No3, 2025, Vol. 20, Issue 3.
11/10/2025
Copyright (c) 2025 Shota Veshapidze, Lela Jamagidze, Levan Kereselidze, Ramaz Futkaradze
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