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Policy approaches to stimulate exports: The case of Georgia

  • This report examines exporters’ challenges and possible solutions for public intervention to promote foreign trade. Based on fieldwork conducted in Georgia, we explore which policy approaches can help to stimulate Georgian exports further. Our outcomes show that exporters face substantial barriers such as navigating complex trade regulations, lack of knowledge about target markets, trade financeThis report examines exporters’ challenges and possible solutions for public intervention to promote foreign trade. Based on fieldwork conducted in Georgia, we explore which policy approaches can help to stimulate Georgian exports further. Our outcomes show that exporters face substantial barriers such as navigating complex trade regulations, lack of knowledge about target markets, trade finance gaps, as well as new export promotion programs (EPPs) in competitor countries. Other upper-middle-income countries can learn from our results that exporters can significantly benefit from a comprehensive export promotion strategy combined with an ecosystem-based “team” approach. EPPs related to awareness and capacity building in Georgia should be part of this strategy, focusing on challenges such as a lack of knowledge about trade practices and international business skills. Other EPPs must help to mitigate related market failures, as information gathering is costly, and firms have no incentive to share this information with competitors. Furthermore, targeted marketing support and customer matchmaking can answer Georgian exporters’ challenges, such as lack of market access and low sector visibility. Our results also show that public intervention through financial support and risk mitigation is essential for firms with an international orientation. The high-quality, rich outcomes provide significant value for other upper-middle-income countries by exploring the example of Georgia’s contemporary circumstances in an in-depth manner based on extensive interviews and document analysis. Limitations include that our work primarily relies on qualitative data and further research could involve a quantitative study with a diverse range of sectors.show moreshow less

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Metadaten
Document Type:Article (reviewed)
Zitierlink: https://opus.hs-offenburg.de/8662
Bibliografische Angaben
Title (English):Policy approaches to stimulate exports: The case of Georgia
Author:Andreas KlasenStaff MemberORCiDGND, Tengiz Lomitashvili, Kristian Rosbach, Kiyoshi Taniguchi
Year of Publication:2024
Date of first Publication:2024/03/26
Publisher:Wiley
First Page:1
Last Page:7
Parent Title (English):Public Administration and Development
Volume:2024
Issue:Early View
ISSN:1099-162X (Online)
ISSN:0271-2075 (Print)
DOI:https://doi.org/10.1002/pad.2045
Language:English
Inhaltliche Informationen
Institutes:Forschung / IfTI - Institute for Trade and Innovation
Fakultät Wirtschaft (W)
Institutes:Bibliografie
Tag:Export; Promotion; Strategy; Trade
Funded by (textarea):Asian Development Bank
Formale Angaben
Relevance:Wiss. Zeitschriftenartikel reviewed: Listung in Master Journal List
Open Access: Open Access 
 Diamond 
Licence (German):License LogoCreative Commons - CC BY-NC-ND - Namensnennung - Nicht kommerziell - Keine Bearbeitungen 4.0 International