კონფერენცია

∘ Murad Mikeladze ∘ Ilyas Ciloglu ∘
THE CURRENT ISSUES OF ECONOMIC DEVELOPMENT UNDER GLOBALIZATION

Summary

In the given work we elaborate on current global issues based on existing facts and relevant data. Globalization is a positive phenomenon in international economics in general, however, it can be used in a negative ways as well, such as offshore zones that are frequently used for inappropriate goals for a particular country/society. In the same manner, interconnectedness between countries has grown as a result of globalization when economic factors may be used as a tool of political influence. As the current tendencies show, a country which adopts inappropriate policies on an international scale, will eventually pay the price in economic terms.

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	∘ Murad Mikeladze ∘ Ilyas Ciloglu ∘ THE CURRENT ISSUES OF ECONOMIC DEVELOPMENT UNDER GLOBALIZATION Summary In the given work we elaborate on current global issues based on existing facts and relevant data. Globalization is a positive phenomenon in international economics in general, however, it can be used in a negative ways as well, such as offshore zones that are frequently used for inappropriate goals for a particular country/society. In the same manner, interconnectedness between countries has grown as a result of globalization when economic factors may be used as a tool of political influence. As the current tendencies show, a country which adopts inappropriate policies on an international scale, will eventually pay the price in economic terms.