Measuring The Effect Of Trade Openness On Entrepreneurship Development In Case Of Georgia

In contemporary world it have been accepted that entrepreneurship is one of the main life-force of modern economic growth. It became extensively researched and an important concept in academic society. The Georgian government has been trying to encourage entrepreneurship development by supporting the development of small and medium enterprises in the country, conducting liberal reforms, and encouraging openness for doing business. The contribution of trade openness on economic growth has been the subject of several theoretical and empirical studies in the economic literature. The purpose of this paper is to investigate and empirically reveal the importance of trade openness on entrepreneurship development in case of Georgia.