Is Winemaking Central to Georgia’s Economy?

Based on the primary data and review of secondary sources, this paper argues that wine is more than a symbol of Georgia; it is a foundation of the country’s economy and social life. The article also looks beyond the direct current statistics of the formal economy and considers the indirect economic impact, trends, and potential, an assessment of winemaking and wine-related tourism points to these sectors as a business priority for Georgia and an important economic and social development vehicle. The study also highlights the potential risks associated with climate change, including increased heat stress, drought, altered growing seasons, and other relatively minor obstacles. The paper identifies specific grapevine cultivars that may be particularly vulnerable to these challenges and explores adaptation strategies to mitigate their negative effects. The results of this study offer valuable insights for Georgian winemakers and policymakers to ensure the sustainability of the country’s wine industry in the face of a changing climate.

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Publication Details

Journal
Globalization and Business
Published
2024-12-30
DOI
https://doi.org/10.35945/gb.2024.18.006
Primary Topic
Russia and Soviet political economy
Type
article
Field-Weighted Citation Impact
0.00
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article

Is Winemaking Central to Georgia’s Economy?

Globalization and Business
Russia and Soviet political economy
article

Is Winemaking Central to Georgia’s Economy?

article en

Abstract

Based on the primary data and review of secondary sources, this paper argues that wine is more than a symbol of Georgia; it is a foundation of the country’s economy and social life. The article also looks beyond the direct current statistics of the formal economy and considers the indirect economic impact, trends, and potential, an assessment of winemaking and wine-related tourism points to these sectors as a business priority for Georgia and an important economic and social development vehicle. The study also highlights the potential risks associated with climate change, including increased heat stress, drought, altered growing seasons, and other relatively minor obstacles. The paper identifies specific grapevine cultivars that may be particularly vulnerable to these challenges and explores adaptation strategies to mitigate their negative effects. The results of this study offer valuable insights for Georgian winemakers and policymakers to ensure the sustainability of the country’s wine industry in the face of a changing climate.

Globalization and Business
George Washington University (US), Grigol Robakidze University (GE)
Openalex Percentile: Top 58%
Russia and Soviet political economy
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