As the novel coronavirus COVID-19 outbreak continues to spread around the world and has been declared a global pandemic by the World Health Organization, the next global economic recession is no longer an “if” or even a “when” event. Unfortunately, it is already upon us. In just the past few days.

The emergence of GVC, global value chains, around more than two decades ago transformed the way economists think about countries’ comparative advantage and specialization in production. It has also transformed the understanding of what it takes for a country to be successfully integrated into world trade networks and derive maximum benefit from global trade.

With EU financial and technical assistance, as well as training and education on cooperation and agribusiness, small farmers in Georgia are benefitting from economies of scale, cutting their production costs and increasing efficiency.

On 14 July 2017, ENPARD implementing organisation CARE and its partner ISET Policy Institute (ISET-PI), in cooperation with other ENPARD implementing partners (Oxfam, Mercy Corps, People in Need and UNDP Adjara) presented the results of ENPARD Cooperatives Survey, which assesses the performance of EU-supported cooperatives for the period 2014-2016.

Georgia’s agri-food export is concentrated in few products and few undemanding markets, making it highly vulnerable to shocks on a small number of commodity and geographical markets. At the same time, the diversity of climatic conditions and ample water resources create significant growth and diversification potential for Georgian agriculture

This research paper intended to supplement and complement the following economic policy strategies and plans of the Georgian government in the areas of sustainable and balanced growth.