Foreign Direct Investments During the Coronomic Crisis and Armed Conflict in the Neighbourhood, Case of Georgia

Чарая, Вахтанг; Lashkhi, Mariam

doi:10.35945/gb.2022.13.007

Cited by 4 publications

(3 citation statements)

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“…While integration may bring about benefits, such as increased inbound tourism from other European countries and improved tourism infrastructure, it may also lead to increased competition and the potential loss of distinctiveness as a tourism destination. Moreover, the specific context of Georgia-its unique culture, history, and geopolitical location-will undoubtedly shape how these potential effects unfold (Kadagidze & Gamsakhurdia, 2022;Charaia, Lashkhi & Lashkhi, 2021;Charaia & Lashkhi, 2022;Papava & Charaia, 2021).…”

Section: Literature Reviewmentioning

confidence: 99%

From East to West: Evaluating the Effects of the Russian-Ukrainian Confl ict and Russian Migration on the Tourism Industry in Georgia and the Path toward European Integration

Kadagidze,

Piranashvili

2024

TalTech Journal of European Studies

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Located at the intersection of Asia and Europe, Georgia’s tourism industry encounters unique challenges amidst regional geopolitical tensions, notably the ongoing Russian-Ukrainian confl ict and the subsequent Russian migration. This article employs both qualitative and quantitative research methods to explore the impacts of these political realities on Georgia’s tourism sector and advocates for a strategic reorientation towards European integration as a means of promoting sustainable development. Drawing insights from qualitative interviews with key stakeholders and quantitative surveys with international tourists, the study unfolds the complex relationship between politics and tourism. Despite the predominantly negative perception of the infl ux of refugees, concerns about rising prices, perceived changes in service quality, and the expanding presence of Russian-owned businesses, the resilience and appeal of Georgia’s tourism realm remain evident. Specifi cally, all respondents recommended Georgia as a tourist destination and reported feeling safe during their stay. The study also presents a comparative perspective, evaluating the potential effects of further European integration on Georgia’s tourism landscape, and underscores key mitigation strategies, including policy development, diversifi cation of tourism offerings, strategic communication, digital platform advancement and utilization, and in general, the adoption of European best practices in sustainable tourism. These findings emphasize the need for nuanced, proactive, and inclusive policymaking and industry regulation in line with Georgia’s European aspirations. This comprehensive exploration provides invaluable insights for stakeholders in the tourism sphere and contributes to the broader understanding of the intricate relationship between geopolitical realities and tourism.

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Section: Literature Reviewmentioning

confidence: 99%

From East to West: Evaluating the Effects of the Russian-Ukrainian Confl ict and Russian Migration on the Tourism Industry in Georgia and the Path toward European Integration

Kadagidze,

Piranashvili

2024

TalTech Journal of European Studies

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“…Yet, it is important to consider how these two phenomena, which represent global uncertainties (which are just about a year apart), are affecting the growth pattern of FDI inflows within ECs, particularly EECs, as well as to foreign countries. The study by Charaia et al (2022) found that the COVID-19 pandemic and the Russia-Ukraine crisis affect FDI flows into the services sector of Georgia. 14 Additionally, Tank and Ospanova (2022) project that the Russia-Ukraine crisis will lead to a reduction in FDI inflows.…”

Section: Theorymentioning

confidence: 99%

Foreign Direct Investment in European and Eastern European Countries in the Face of COVID-19 and the Russian-Ukraine War

Okunoye,

Akpa

2023

Međunarodna politika

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The global shocks of COVID-19 and the Ukraine war on FDI inflows in European countries, particularly Eastern Europe, have been subjects of a serious debate among EU policymakers. This study assesses the level of impact of the two global shocks on FDI in 39 European countries (ECs) and 20 Eastern European countries (EECs) from 2020 Q1 to 2022 Q4. For the comparative analysis, a static panel regression is used. Our findings demonstrate that variations in the levels of stringency measures related to COVID-19 in individual countries are significantly associated with increased FDI inflows. This suggests that investors will increase investment in countries with stricter measures to limit crises. While variations in COVID-19 total cases are associated with increased FDI inflows in Europe but with decreased FDI inflows in Eastern Europe, we find that the crisis may have created new opportunities or incentives for foreign investors in Europe compared to Eastern Europe.

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“…A mistake made in formulating economic policy during the coronomic crisis is to view the inflation caused by this crisis as a macroeconomic problem (Galbraith, 2021) when, in fact, inflation is mainly precipitated by the disruption of global supply chains (Charaia et al, 2022). To better understand the problem brought by the pandemic, current high inflation issues should be seen from the economics prism (Rodrik, 2022), i.e., economists must look deeper into the reasons of this particular inflation, whether it is an increase in demand, a fall in supply or the combination of different factors (Sachs, 2021).…”

Section: Supply-side Inflection Challengementioning

confidence: 99%

On Supply-Side Inflation and Some Unconventional Indicators for Measuring Inflation

Charaia,

Papava

2023

IBES

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The paper provides an analysis of the inflation problem caused by the COVID-19 pandemic and continued by Russia’s war against Ukraine, through different channels, including global supply chain disruption, increased governmental spending, decreased supply of goods and, etc. Inflation, which in this case was supply-side driven inflation, caused serious debates in terms of how to tackle the challenge. Should central banks use their standard instruments and is it enough to use the old-fashioned inflation index to create an economic recovery and anti-inflationary policies for different countries, especially when speaking about import-dependent, consumer-style developing countries? Herein, we analyze the most recent challenges of the inflationary process, starting from the point of how it launched and finishing with the issue of how to overcome this current crisis. Some unconventional macroeconomic indicators are also offered for governments and central banks for a better and more in-depth understanding of inflation and for the creation of better policy vis-à-vis inflation.

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Foreign Direct Investments During the Coronomic Crisis and Armed Conflict in the Neighbourhood, Case of Georgia

Cited by 4 publications

References 0 publications

From East to West: Evaluating the Effects of the Russian-Ukrainian Confl ict and Russian Migration on the Tourism Industry in Georgia and the Path toward European Integration

From East to West: Evaluating the Effects of the Russian-Ukrainian Confl ict and Russian Migration on the Tourism Industry in Georgia and the Path toward European Integration

Foreign Direct Investment in European and Eastern European Countries in the Face of COVID-19 and the Russian-Ukraine War

On Supply-Side Inflation and Some Unconventional Indicators for Measuring Inflation

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