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Article
Who Benefits From the Challenges of the Chinese Economy and the Role of Georgia?
Author(s)
Davit Shatakishvili
Full-Text PDF XML 978 Views
DOI:10.17265/1537-1514/2021.03.002
Affiliation(s)
Tbilisi State University, Tbilisi, Georgia
ABSTRACT
During the coronavirus
pandemic, international companies operating in China intensified discussions
about relocating their businesses to another country. This has caused by the
closed borders and virtually stagnant economy. At the same time, companies operating
in different countries have clearly seen how dependent they are on Chinese
production and have actively started working to diversify their supply chains.
However, the challenges for companies operating in China did not start only
after the pandemic and it has a deeper basis. The aim of the paper is to review
the main factors that pushed international businesses to leave one of the most
attractive markets for manufacturing. In addition, the paper pays an attention
to the efforts, opportunities and prospects of those countries that are trying
to appear as an “alternative China” to the world. Finally, the article analyzes
Georgia’s chances in global trade and manufacturing industry. The economies of
the countries are closely linked to each other and any decision has a wider
economic impact. To evaluate current circumstances and make accurate
predictions, it is necessary to see them in a broader context.
KEYWORDS
international trade, foreign direct investment (FDI), economic relations, economic growth, business environment, manufacturing
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