Market Foundation for Sustainable Economy Growth and Energy Policy (Georgian Case)

Abstract

In this article we have overviewed the present conditions of Georgia and proposed some ideas about how to turn Georgia from a backward country into a developed one. The article, “Market foundation for sustainable economy growth and energy policy (Georgian Case)”, highlights the importance of the strong and reliable energy system for sustainable economic growth, their interaction, the luck of market tools and market price (capitalization) and energy problems in Georgia, including the dysfunctions of regulatory Commission. At the same time, we have highlighted and presented the negative gap between the per capita GDP and energy consumption rates in Georgia and the developed countries, like Switzerland, the US and the Europe. Also, it had investigated the ways how to encourage economic growth in energy sector in Georgia based on modern market tools.