2021 marks the 30 year anniversary for the regaining of Georgia’s independence from the Soviet Union. These three decades mark the development of Georgia into a truly democratic state, a liberal economy and a reliable strategic partner to the United States. Within the development of the economy, Georgia established a robust business environment based on strong innovation and technology ecosystem fostering growth of startups throughout the country and the region. Integration of AI into Georgia’s economy and its application across multiple sectors becomes one of the main priorities for effective and efficient development.
Recent global pandemic challenge has accelerated the digitalization process and increased the role of emerging and smaller markets. In this process Georgia is taking the advantage and makes rapid adjustments and reforms in order to boost the FDI through the simplified business procedures, decreased bureaucracy, and increased intellectual and relatively cheaper human capital.
Today’s discussion will focus on the developing trends of global digitalization and its effects on rapidly developing world, as well as explore the urgency in adapting to the age of technology and information. Further strengthening of U.S.-Georgia bilateral relations will rely on the necessity of close ties between the tech sectors of the countries driving innovation and productivity.