Georgia is a country where the findings of the World Development Report 2016 may be particularly applicable and helpful in thinking about a long-term economic development strategy. Georgia has made a number of investments and undertaken critical reforms that have or will put in place many of the enablers to accelerate the development of the digital economy:
- Georgia is recognized globally as a reformer on business climate, critical to enable competitive markets and private sector-led job creation
- There have been significant investments in complementary infrastructures including transportation and energy
- The country’s private sector has invested in improving coverage and access to telecommunications, which is essential to connect people and businesses with the Internet and all of its resources
- Georgia has also been investing in improving skills among young people
These are some of the critical analog foundations and complements to the digital economy that the WDR 2016 discusses
Now, the Government is keen to build up its digital economy and spur greater levels of innovation, accelerating growth in the urban centers while including more of the rural economy in these opportunities. In that regard, the World Bank is proud to have partnered with the Government in the recently-approved World Bank project - the Georgia National Innovation Ecosystem or GENIE Project. This Project will support the implementation of the Government’s strategy to build a competitive and innovative economy that is ready for the future.