Unemployment and its Negative Consequences in Georgia

Abstract

The paper covers the effect of the unemployment on Social-Economic development of  Georgia. In light of the Globalization and International Intergration chronic unemployment, reduction of poverty and improvement of living standards are the primary issues that Georgia faces. Significant part of the country’s populations still leaves beyond the official limit of poverty that is primary caused by the unemployment. The study aims to measure unemployment, as a macroeconomic problem analysis, to distinguish its basic forms, consider unemployment valuation metrics, as well as the factors influencing it, besides to study the negative effects caused by an  unemployment and the magnitude of unemployment, dynamics and structure in Georgia.