კონფერენცია

∘ Vladimer Papava ∘ Mikheil Ckuaseli ∘
FEATURES OF THE ECONOMIC ABILITY OF A GOVERNMENT UNDER THE CONDITIONS OF THE COVID-19 PANDEMIC

Summary

The article discusses the characteristics of the economic ability of a government as an independent factor of production in the context of the economic crisis caused by the COVID-19 pandemic. It has been shown that the anti-crisis programs pursued by governments in the context of this crisis ultimately contribute to the zombie-ing of the economy which obviously is not a desired outcome for the economic ability of a government. In the post-pandemic period, the confrontation between the economic ability and the function of a government to conduct political processes will intensify. Of particular importance for economic progress will be the extent to which the economic ability of a government will be able to overcome its interests in conducting political processes aimed at maintaining and increasing voter support.

Keywords: factors of production, economic ability of the government, pandemic of COVID-19, economic crisis, zombie-ing of the economy.

Ivane Javakhishvili Tbilisi State University Paata Gugushvili Institute of Economics International Scientific C O N F E R E N C E S "ECONOMY – XXI CENTURY"

E ISSN 2587 - 4691	∘ Vladimer Papava ∘ Mikheil Ckuaseli ∘ FEATURES OF THE ECONOMIC ABILITY OF A GOVERNMENT UNDER THE CONDITIONS OF THE COVID-19 PANDEMIC Summary The article discusses the characteristics of the economic ability of a government as an independent factor of production in the context of the economic crisis caused by the COVID-19 pandemic. It has been shown that the anti-crisis programs pursued by governments in the context of this crisis ultimately contribute to the zombie-ing of the economy which obviously is not a desired outcome for the economic ability of a government. In the post-pandemic period, the confrontation between the economic ability and the function of a government to conduct political processes will intensify. Of particular importance for economic progress will be the extent to which the economic ability of a government will be able to overcome its interests in conducting political processes aimed at maintaining and increasing voter support. *Keywords:* factors of production, economic ability of the government, pandemic of COVID-19, economic crisis, zombie-ing of the economy.