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Article
Affiliation(s)

Guram Tavartkiladze Teaching University, Tbilisi, Georgia

ABSTRACT

Main aim of EU regional policy is to narrow social and economic disproportions and sharp equalization of life levels between separate regions. In this direction in the first part of article, basic aspects of EU regional economic development are reviewed. Second part contains the issue of harmonization of regional development indicators of Georgia with Europe. In the form of conclusion the work mentions that it is impossible to develop regional economy in Georgia without determining regional social-economic priorities, processing programs, planning and making prognosis, where the right and targeted usage of compatible resources of regions should be made and accentuated. The aim of the study is to analyze the factors of influence on the development of region and determination of competitive index of the field in the region. To ensure the accuracy of the study, methods of empirical analysis and Ex-Post competitiveness were used. Due to the objectives of the study the structure of the work is formed as follows: Regional Policy of EU, Priority Directions, Conclusion, and References.

KEYWORDS

backward countryside, regional competitiveness, endogenous potential

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