The Institutions of State Business Relations: The Case of Food and Agriculture Sector of Georgia

This book examines the institutions of state-agribusiness relations in Georgia and their compatibility with strategic SBRs, using the New Institutional Economics (NIE) framework. It analyzes data from interviews, regulations, and international organizations to understand the nature of SBRs in Georgia.

Format: Hardback
Length: 222 pages
Publication date: 04 May 2021
Publisher: Peter Lang AG

State intervention in economic activities to drive development necessitates specific institutional prerequisites that foster strategic collaboration between the state and businesses. This book argues that the design of institutions governing state-business relations is crucial for successful state intervention in economic activities. Its objective is to understand the nature of the institutions governing state-agribusiness relations in Georgia and their functional compatibility with institutions of strategic SBRs. By employing the New Institutional Economics (NIE) lens, the book analyzes the nature of SBRs in Georgia. A qualitative research strategy is employed to systematically collect, organize, and interpret data from 39 interviews, relevant regulations and laws, and reports from international organizations. Triangulation of data is used to address the research question.

The book identifies several key findings. Firstly, it emphasizes the importance of trust and cooperation between the state and businesses in fostering SBRs. Trust is built through shared values, norms, and expectations, and cooperation is facilitated by effective communication and coordination mechanisms. Secondly, the book highlights the role of governance structures in shaping SBRs. Effective governance structures provide clear rules and regulations, promote transparency, and ensure accountability, which are essential for building trust and fostering cooperation. Thirdly, the book emphasizes the importance of institutional incentives in driving SBRs. Institutional incentives, such as subsidies, tax breaks, and regulatory frameworks, can encourage businesses to invest in and expand their operations, which in turn promotes economic development.

Furthermore, the book discusses the challenges faced by Georgia in developing SBRs. One of the major challenges is the lack of a comprehensive legal framework that governs state-business relations. This lack of clarity and consistency in the legal framework can create uncertainty and hinder investment and cooperation. Additionally, the book notes that the government's role in promoting SBRs is limited by its capacity and resources. The government needs to invest in infrastructure, education, and research to enhance its capacity to facilitate SBRs.

In conclusion, this book provides valuable insights into the nature of the institutions governing state-agribusiness relations in Georgia and their functional compatibility with institutions of strategic SBRs. It highlights the importance of trust, cooperation, governance structures, and institutional incentives in driving SBRs and discusses the challenges faced by Georgia in developing SBRs. The book's findings can be useful for policymakers, businesses, and researchers interested in promoting economic development and improving state-business relations in Georgia and other countries.

Weight: 362g
Dimension: 210 x 148 (mm)
ISBN-13: 9783631846780
Edition number: New ed