ECONOMIC EFFECTS AND ECOLOGICAL CHALLENGES OF GLOBALISATION IN GEORGIA

Abstract

Globalization is one of the main trends in the modern world economy, which, through integration, innovation and interdependence, shapes the socio-economic landscape of both developed and developing countries. The positive economic effects of globalization on Georgia are significant, including: increased investment, expansion of foreign trade, adoption of international technologies, record growth of the tourism sector, increased employment levels and diversification of the local market, which significantly contributes to the country's economic growth, acceleration of development rates and directly or indirectly strengthens the country's economic, financial and infrastructural potential. Nevertheless, the problem lies in the fact that global globalization poses a threat to the country's ecological environment, natural resources, and biodiversity. At the same time, such negative aspects as: degradation of ecosystems, intensification of agriculture, often uncontrolled deforestation, overexploitation of hydro resources, inefficient management of industrial waste, and the country's dependence on foreign capital represent significant challenges that often do not take into account full compliance with environmental standards. The paper analyzes the impact of globalization on the economy and environmental situation of Georgia, covering both positive and negative aspects. It is an analysis based on the reality of Georgia, which contributes to both the expansion of the academic space and the better formulation of political and practical solutions to ensure environmental stability in the conditions of globalization.