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"
Archive of Internet conferences
∘ Ramaz Abesadze ∘
MODERN GLOBAL TRENDS AND PROBLEMS OF SUSTAINABLE DEVELOPMENT
Annotation. Requirements of sustainable development exert a great influence on all elements of economic system: on the physical and human capital, technologies, institutions and forms of ownership. In the real work current trends of sustainable development and its global problems are studied. Keywords: sustainable development; environmental problems; coevolution; neosphere Introduction Today the mankind rigidly faces problems of exhaustion of resources and violations of natural processes. This problem has drawn attention of the whole world since the end of the 60s and the beginning of the 70s of the 20th century to what not one international action has been devoted (the international conferences devoted to environmental issues and development - Stockholm "The zero growth" of 1972 and Rio de Janeiro "The agenda of the 21st century" of 1992), the report of the international commission for the environment and development (1987) - "Our common future" and others where
2017-12-28
MODERN GLOBAL TRENDS AND PROBLEMS OF SUSTAINABLE DEVELOPMENT
Annotation. Requirements of sustainable development exert a great influence on all elements of economic system: on the physical and human capital, technologies, institutions and forms of ownership. In the real work current trends of sustainable development and its global problems are studied. Keywords: sustainable development; environmental problems; coevolution; neosphere Introduction Today the mankind rigidly faces problems of exhaustion of resources and violations of natural processes. This problem has drawn attention of the whole world since the end of the 60s and the beginning of the 70s of the 20th century to what not one international action has been devoted (the international conferences devoted to environmental issues and development - Stockholm "The zero growth" of 1972 and Rio de Janeiro "The agenda of the 21st century" of 1992), the report of the international commission for the environment and development (1987) - "Our common future" and others where
2017-12-28
∘ Vladimer Papava ∘ Tamar Tapladze ∘
ON THE ECONOMIC MODELS OF THE EUROPEAN UNION AND GEORGIA
Summary A common vision about the issues concerning the direction of development of Georgia’s economy after the restoration of the country’s independence and the model upon which it should be based was not established during the long time. Coming to power in late 2012, the Georgian Dream (GD) was faced with a number of challenges with one of the most crucial comprising the reaching of an Association Agreement with the EU. A key constituent of the Agreement is the Deep and Comprehensive Free Trade Area (DCFTA) agreement with the EU. For the United National Movement government, adherence to the “European track” was, unfortunately, largely confined to articulation while in actuality efforts were being directed at ensuring that Georgia’s rapprochement with the EU did not materialize. The country had instead mapped a path towards “Singaporization.” The GD government managed to secure Georgia’s signature of the Association Agreement in June
2017-12-28
ON THE ECONOMIC MODELS OF THE EUROPEAN UNION AND GEORGIA
Summary A common vision about the issues concerning the direction of development of Georgia’s economy after the restoration of the country’s independence and the model upon which it should be based was not established during the long time. Coming to power in late 2012, the Georgian Dream (GD) was faced with a number of challenges with one of the most crucial comprising the reaching of an Association Agreement with the EU. A key constituent of the Agreement is the Deep and Comprehensive Free Trade Area (DCFTA) agreement with the EU. For the United National Movement government, adherence to the “European track” was, unfortunately, largely confined to articulation while in actuality efforts were being directed at ensuring that Georgia’s rapprochement with the EU did not materialize. The country had instead mapped a path towards “Singaporization.” The GD government managed to secure Georgia’s signature of the Association Agreement in June
2017-12-28
∘ Rozeta Asatiani ∘
GOVERNMENT REGULATION OF EXTERNALITIES
Summary In modern global economy the government regulation of externalities acquires extremely great importance and it is one of the main directions of the functioning of public sector economics. The market is not able to function equally in all spheres of the economy, and in some of them does not act at all, it is not capable to solve many other problems. Business instability creates unemployment, inflation and conditions for the bankruptcy of entrepreneurs. Market competition causes income differences in a society and unfair income distribution. Therefore, the market fails to provide the low-income layers of population with goods and services necessary for existence. The market cannot eradicate social evils; solve issues associated with natural disasters. It cannot provide security, ensure the functioning of social institutions, and also, which is extremely important, the market cannot protect environment and solve ecological
2017-12-28
GOVERNMENT REGULATION OF EXTERNALITIES
Summary In modern global economy the government regulation of externalities acquires extremely great importance and it is one of the main directions of the functioning of public sector economics. The market is not able to function equally in all spheres of the economy, and in some of them does not act at all, it is not capable to solve many other problems. Business instability creates unemployment, inflation and conditions for the bankruptcy of entrepreneurs. Market competition causes income differences in a society and unfair income distribution. Therefore, the market fails to provide the low-income layers of population with goods and services necessary for existence. The market cannot eradicate social evils; solve issues associated with natural disasters. It cannot provide security, ensure the functioning of social institutions, and also, which is extremely important, the market cannot protect environment and solve ecological
2017-12-28
∘ Alfred Kuratashvili ∘
THEORETICAL FOUNDATIONS FOR SUSTAINABLE DEVELOPMENT OF ECONOMICS, SOCIETY AND STATE IN THE INTERESTS OF THE PEOPLE
Expanded Summary In scientific work as the fundamentally new theoretical basis for the sustainable development of the economy, society and the state in the interests of the people – the Philosophy of Social Goal, the Theory of the supremacy of interests of people and The Theory of the balance of rights and responsibility of officials, created by the author are considered. Consequently,the above mentioned is considered as principally new theoretical bases of social-economic progress, it means, the theoretical bases for the progressive development of the economy, society, state and humanity in the interests of each person. In connection with the Philosophy of the social goal, it is necessary to note that as an alternative of the “philosophical” approach, which the author calls the philosophy of means, he offers in the beginning of the 70-ties of XX century fundamentally new scientific trends created by him – the philosophy
2017-12-28
THEORETICAL FOUNDATIONS FOR SUSTAINABLE DEVELOPMENT OF ECONOMICS, SOCIETY AND STATE IN THE INTERESTS OF THE PEOPLE
Expanded Summary In scientific work as the fundamentally new theoretical basis for the sustainable development of the economy, society and the state in the interests of the people – the Philosophy of Social Goal, the Theory of the supremacy of interests of people and The Theory of the balance of rights and responsibility of officials, created by the author are considered. Consequently,the above mentioned is considered as principally new theoretical bases of social-economic progress, it means, the theoretical bases for the progressive development of the economy, society, state and humanity in the interests of each person. In connection with the Philosophy of the social goal, it is necessary to note that as an alternative of the “philosophical” approach, which the author calls the philosophy of means, he offers in the beginning of the 70-ties of XX century fundamentally new scientific trends created by him – the philosophy
2017-12-28
∘ Vakhtang Burduli ∘
MODERN TRENDS OF TRANSFORMATION OF INDUSTRIAL, TECHNOLOGICAL AND ORGANIZATIONAL-INSTITUTIONAL STRUCTURES OF THE COUNTRYS ECONOMY IN THE LIGHT OF SUSTAINABLE DEVELOPMENT
Summary Before Georgia, like most other post-Soviet countries, the issue of transition to a neo-industrial innovative type of development is acute, based on the formation of an appropriate sectoral structure of the economy and the development of state and business systems for its coordination. In this connection, the article explores the methodological and practical aspects of the formation of sectoral, technological and organizational _ institutional structures (state and business) in the context of globalization and offers proposals for the creation and coordination of development in the country of such an industry structure that meets modern standards of sustainable development. The achievement of the neo-industrial type of the structure of the country's economy presupposes the following character of the development of this structure in the context of the economic branches: the emergence of new industries, first of all, the production of information and telecommunications
2017-12-28
MODERN TRENDS OF TRANSFORMATION OF INDUSTRIAL, TECHNOLOGICAL AND ORGANIZATIONAL-INSTITUTIONAL STRUCTURES OF THE COUNTRYS ECONOMY IN THE LIGHT OF SUSTAINABLE DEVELOPMENT
Summary Before Georgia, like most other post-Soviet countries, the issue of transition to a neo-industrial innovative type of development is acute, based on the formation of an appropriate sectoral structure of the economy and the development of state and business systems for its coordination. In this connection, the article explores the methodological and practical aspects of the formation of sectoral, technological and organizational _ institutional structures (state and business) in the context of globalization and offers proposals for the creation and coordination of development in the country of such an industry structure that meets modern standards of sustainable development. The achievement of the neo-industrial type of the structure of the country's economy presupposes the following character of the development of this structure in the context of the economic branches: the emergence of new industries, first of all, the production of information and telecommunications
2017-12-28
∘ George Berulava ∘
ON THE ROLE OF SOCIAL CAPITAL AND TRUST IN FIRM’S PERFORMANCE
Annotation. The paper reviews the role of social capital and trust in ensuring productive performance of individual firms. The study suggests that the impact of trust on economic outcomes is materialized via a number of routes. First, trust promoting joint problem solving and enhancing relationships between partners stimulates investments in innovation. Second, trust reduces transaction costs, mitigates opportunistic behavior and thus ensures specific investments and the best governance structures.Thus, for developing countries and countries in transition, like Georgia, creation of trust-generating institutions is a crucial task, which in turn will ensure innovative and productive performance of individual firms. Keywords: social capital, trust, transaction costs, innovation, firm’s performance Recent period, academic literature has greatly emphasized the relationship between social capital and firms’ economic performance. Knack and Keefer (1997) in their pioneering
2017-12-28
ON THE ROLE OF SOCIAL CAPITAL AND TRUST IN FIRM’S PERFORMANCE
Annotation. The paper reviews the role of social capital and trust in ensuring productive performance of individual firms. The study suggests that the impact of trust on economic outcomes is materialized via a number of routes. First, trust promoting joint problem solving and enhancing relationships between partners stimulates investments in innovation. Second, trust reduces transaction costs, mitigates opportunistic behavior and thus ensures specific investments and the best governance structures.Thus, for developing countries and countries in transition, like Georgia, creation of trust-generating institutions is a crucial task, which in turn will ensure innovative and productive performance of individual firms. Keywords: social capital, trust, transaction costs, innovation, firm’s performance Recent period, academic literature has greatly emphasized the relationship between social capital and firms’ economic performance. Knack and Keefer (1997) in their pioneering
2017-12-28
∘ Olesya Stroeva ∘ Olga Komarevtseva ∘
TOOL OF DIGITAL DEVELOPMENT IN THE ASPECT OF ENTROPY OF PARAMETRIC PHENOMENA OF SMALL TERRITORIES
Summary This article examines the tools of digital development at the stage of transformation of the paradigm of the national economy. The conditions of entropy allow to form the tools of digital development in the aspects of the "real" or "ideal" state of the territorial economy. The conclusions drawn in the scientific article relate to the use of limited tools within the framework of the current development of small territories, namely: project management, Smart technologies, the formation of a management platform. The theoretical basis of scientific research is manifested in the ideological approaches of foreign and Russian scientists. The world outlook of scientists is concentrated on the use of technologies of foggy computing, identification, end-to-end technologies, additive systems. Much attention is paid to the application of Smart technology in the management of property complexes, the adaptation of public administration to elements of visual reality, the use of
2017-12-28
TOOL OF DIGITAL DEVELOPMENT IN THE ASPECT OF ENTROPY OF PARAMETRIC PHENOMENA OF SMALL TERRITORIES
Summary This article examines the tools of digital development at the stage of transformation of the paradigm of the national economy. The conditions of entropy allow to form the tools of digital development in the aspects of the "real" or "ideal" state of the territorial economy. The conclusions drawn in the scientific article relate to the use of limited tools within the framework of the current development of small territories, namely: project management, Smart technologies, the formation of a management platform. The theoretical basis of scientific research is manifested in the ideological approaches of foreign and Russian scientists. The world outlook of scientists is concentrated on the use of technologies of foggy computing, identification, end-to-end technologies, additive systems. Much attention is paid to the application of Smart technology in the management of property complexes, the adaptation of public administration to elements of visual reality, the use of
2017-12-28
∘ Anna Chechel ∘ Denis Tarasenko ∘
SOCIAL COMPONENT OF SUSTAINABLE DEVELOPMENT IN THE LOCAL ENVIRONMENTAL POLICY
Summary In this article, the role of the social component of sustainable development in the local environmental policy in the context of the implementation of the decentralization reform in Ukraine is defined. The justified necessity of ecologic payments to the population, who are living on environment polluted and urbanized territories is substantiated. A generalized model for the formation of environmental taxes and payments is presented, where a special place in the ecologic budget of the united territorial community is occupied by ecological payments to the population. The development of state mechanisms for the creation of environmental investment funds and the regulation of environmental payments to the population has long been in an incomplete stage. In current programs of social and economic development, environmental issues are of secondary importance after the implementation of industrial development plans and GDP growth. But the conditions for the quality of life of
2017-12-28
SOCIAL COMPONENT OF SUSTAINABLE DEVELOPMENT IN THE LOCAL ENVIRONMENTAL POLICY
Summary In this article, the role of the social component of sustainable development in the local environmental policy in the context of the implementation of the decentralization reform in Ukraine is defined. The justified necessity of ecologic payments to the population, who are living on environment polluted and urbanized territories is substantiated. A generalized model for the formation of environmental taxes and payments is presented, where a special place in the ecologic budget of the united territorial community is occupied by ecological payments to the population. The development of state mechanisms for the creation of environmental investment funds and the regulation of environmental payments to the population has long been in an incomplete stage. In current programs of social and economic development, environmental issues are of secondary importance after the implementation of industrial development plans and GDP growth. But the conditions for the quality of life of
2017-12-28
∘ Volodymyr Kutsenko ∘
SOCIAL AND CULTURAL PARTNERSHIP – THE KEY TO SUSTAINABLE DEVELOPMENT
Summary The conducted scientific research has revealed the following: 1. The essence of sociocultural partnership is the public duty of every worker to provide a fruitful peace and well-being to others at the micro and macro level (within the enterprise and between organizations). This moral, human, peaceful, friendly, honest, open cooperation based on moral and spiritual culture of management will allow to make the right management decisions that ensure the efficiency of production and sustainable (life-giving, long-lasting) development of the labor collective of the enterprise and society. It is possible to achieve continuous development and prosperity of society only under conditions of social peace and cooperation of all participants of the environment to benefit the people; 2. Universal (global) principles of sociocultural partnerships: - adherence to and development of spiritual and moral culture of life and management of social partners, freedom of creative association;
2017-12-28
SOCIAL AND CULTURAL PARTNERSHIP – THE KEY TO SUSTAINABLE DEVELOPMENT
Summary The conducted scientific research has revealed the following: 1. The essence of sociocultural partnership is the public duty of every worker to provide a fruitful peace and well-being to others at the micro and macro level (within the enterprise and between organizations). This moral, human, peaceful, friendly, honest, open cooperation based on moral and spiritual culture of management will allow to make the right management decisions that ensure the efficiency of production and sustainable (life-giving, long-lasting) development of the labor collective of the enterprise and society. It is possible to achieve continuous development and prosperity of society only under conditions of social peace and cooperation of all participants of the environment to benefit the people; 2. Universal (global) principles of sociocultural partnerships: - adherence to and development of spiritual and moral culture of life and management of social partners, freedom of creative association;
2017-12-28
∘ Ramila Aliyeva ∘
THE SECTOR OF ICT – THE MOST IMPORTANT COMPONENT OF THE NON-OIL SECTOR OF AZERBAIJAN
Summary There is researched the sector of the information and communication technologies (ICT) of Azerbaijan seeking to pass to an innovative way of development in the article. There is noted considerable innovative and production capacity of the sector of ICT of the country. There is considered strategy, the numerous state programs, the adopted laws and other normative legal acts, which were realized and are realized in this sector. There are offered the mechanisms of ensuring sustainable development, the priority directions of development of ICT of the republic. Keywords: sector of the information and communication technologies (ICT), national strategy, "Electronic Azerbaijan", improvement of information and telecommunication infrastructure,
2017-12-28
THE SECTOR OF ICT – THE MOST IMPORTANT COMPONENT OF THE NON-OIL SECTOR OF AZERBAIJAN
Summary There is researched the sector of the information and communication technologies (ICT) of Azerbaijan seeking to pass to an innovative way of development in the article. There is noted considerable innovative and production capacity of the sector of ICT of the country. There is considered strategy, the numerous state programs, the adopted laws and other normative legal acts, which were realized and are realized in this sector. There are offered the mechanisms of ensuring sustainable development, the priority directions of development of ICT of the republic. Keywords: sector of the information and communication technologies (ICT), national strategy, "Electronic Azerbaijan", improvement of information and telecommunication infrastructure,
2017-12-28
∘ Revaz Javakhishvili ∘
SWEDISH NATIONAL INNOVATION INDUSTRIAL POLICY
Summary The Swedish national innovation industrial policy is an integral part of the economic policy of the country, as it is developed under the influence of measures that are oriented on the whole economy. The paper analyzes the main aspects of Sweden's Industrial Policy Strategy: Significant increase in the use of regional and innovative potential; Strengthen coordination, scientific-technical specialization and co-operation between participants of national innovation industrial systems; Increase the level of professional training and increase human capacity; Intensive transportation of the product of labor-intensive goods and innovative development, which is increasingly based on the use of intellectual potential, sustainable development and the use of ecologically clean energy sources in the production of
2017-12-28
SWEDISH NATIONAL INNOVATION INDUSTRIAL POLICY
Summary The Swedish national innovation industrial policy is an integral part of the economic policy of the country, as it is developed under the influence of measures that are oriented on the whole economy. The paper analyzes the main aspects of Sweden's Industrial Policy Strategy: Significant increase in the use of regional and innovative potential; Strengthen coordination, scientific-technical specialization and co-operation between participants of national innovation industrial systems; Increase the level of professional training and increase human capacity; Intensive transportation of the product of labor-intensive goods and innovative development, which is increasingly based on the use of intellectual potential, sustainable development and the use of ecologically clean energy sources in the production of
2017-12-28
∘ Lina Datunashvili ∘
REANIMATION OF SILK-WORM BREEDING IS THE WAY FOR THE SUSTAINABLE DEVELOPMENT OF COUNTRYS ECONOMY
Summary Market relations put in the forefront close economic cooperation among countries on democratic principles. From time immemorial Georgia was involved in trade and economic relations with Eastern (China, India, Iran, Middle Asia) and Western countries that was stipulated by geopolitical situation of Georgia and great Caravan Route of Silk passing through the country owing to which these countries successfully realized mutually useful “ buying and selling.” Georgia took active part in this trade selling its silk thread and fine silk products manufactured locally. These products were famous by their high quality both in Eastern and Western countries. Thus, sericulture is one of the most ancient and traditional sectors of agriculture in Georgia, its roots come from remote ages. As it was noted a great interest to silkworm breeding was stipulated by excellent qualities of silk fabrics necessary for human health and by high demand on it in
2017-12-28
REANIMATION OF SILK-WORM BREEDING IS THE WAY FOR THE SUSTAINABLE DEVELOPMENT OF COUNTRYS ECONOMY
Summary Market relations put in the forefront close economic cooperation among countries on democratic principles. From time immemorial Georgia was involved in trade and economic relations with Eastern (China, India, Iran, Middle Asia) and Western countries that was stipulated by geopolitical situation of Georgia and great Caravan Route of Silk passing through the country owing to which these countries successfully realized mutually useful “ buying and selling.” Georgia took active part in this trade selling its silk thread and fine silk products manufactured locally. These products were famous by their high quality both in Eastern and Western countries. Thus, sericulture is one of the most ancient and traditional sectors of agriculture in Georgia, its roots come from remote ages. As it was noted a great interest to silkworm breeding was stipulated by excellent qualities of silk fabrics necessary for human health and by high demand on it in
2017-12-28
∘ Nanuli Arevadze ∘
2016 NOBEL PRIZE WINNERS-ECONOMISTS AND THE THEORY OF CONTRACTS
Summary The article deals with main directions of scientific work and biographical date of Nobel Prize Winners Oliver Hart and Bergt Holmstom; A new trend of economy – the theory of contracts and the theory incomplete contracts are characterized as the basis for prize rewarding which for their part influenced the development of many neighboring sectors-from corporate finances to the economy of regulation. The prize confirms once more the last years’ tendency the Nobel Prize Winners in economy I given to the scientific researches being close to real
2017-12-28
2016 NOBEL PRIZE WINNERS-ECONOMISTS AND THE THEORY OF CONTRACTS
Summary The article deals with main directions of scientific work and biographical date of Nobel Prize Winners Oliver Hart and Bergt Holmstom; A new trend of economy – the theory of contracts and the theory incomplete contracts are characterized as the basis for prize rewarding which for their part influenced the development of many neighboring sectors-from corporate finances to the economy of regulation. The prize confirms once more the last years’ tendency the Nobel Prize Winners in economy I given to the scientific researches being close to real
2017-12-28
∘ Tea Lazarashvili ∘
DIRECT FOREIGN INVESTMENTS IN GEORGIA AND SUSTAINABLE DEVELOPMENT OF THE COUNTRY
Summary Formation of the investment environment in the country, both in micro and macro -economy is carried out as a result of the impact of a number of interrelated processes.It is quite difficult to strongly estimate the investment environment in Georgia. For the investment environment evaluation it is necessary, processin and analyse complex factors. Among them it is important to study economic potential of the country, organizational and legal status, financial resources, social sphere, political environment, general structure of farming etc. It is important to consider the country's economic sovereignty issue whem attracting foreign investments in Georgia.It is important for sustainable economic development of the country to eradicate disproportions in regional aspect. This requires the realization of such an investment policy that will increase the incentives for attracting investment in the lagging regions. This will help us to restore and effectively enact economic sectors
2017-12-28
DIRECT FOREIGN INVESTMENTS IN GEORGIA AND SUSTAINABLE DEVELOPMENT OF THE COUNTRY
Summary Formation of the investment environment in the country, both in micro and macro -economy is carried out as a result of the impact of a number of interrelated processes.It is quite difficult to strongly estimate the investment environment in Georgia. For the investment environment evaluation it is necessary, processin and analyse complex factors. Among them it is important to study economic potential of the country, organizational and legal status, financial resources, social sphere, political environment, general structure of farming etc. It is important to consider the country's economic sovereignty issue whem attracting foreign investments in Georgia.It is important for sustainable economic development of the country to eradicate disproportions in regional aspect. This requires the realization of such an investment policy that will increase the incentives for attracting investment in the lagging regions. This will help us to restore and effectively enact economic sectors
2017-12-28
∘ Mamuka Khuskivadze ∘
ECOLOGICAL POLICY OF GEORGIA IN THE CONTEXT OF SUSTAINABLE DEVELOPMENT
Summary The work analyzes the ecological policy formation in Georgia in the context of sustainable development from the beginning of the post-Communist transformation to the present and its current condition is assessed. It has been revealed political and economic circumstances that hinder the establishment of effective ecological policies, the use of natural resources and the mechanism of rational regulation in the field of environment protection. It is noteworthy that ecology still does not have a proper place in the country's political and economic priorities, which will result in further deterioration of ecological conditions in Georgia. Sustainable development is analyzed as a new challenge and paradigm for Georgia and the difficulties that are related to its trajectory. Due to the current situation, the main theoretical and practical ways of ecological policy formation in the context of sustainable development in Georgia are
2017-12-28
ECOLOGICAL POLICY OF GEORGIA IN THE CONTEXT OF SUSTAINABLE DEVELOPMENT
Summary The work analyzes the ecological policy formation in Georgia in the context of sustainable development from the beginning of the post-Communist transformation to the present and its current condition is assessed. It has been revealed political and economic circumstances that hinder the establishment of effective ecological policies, the use of natural resources and the mechanism of rational regulation in the field of environment protection. It is noteworthy that ecology still does not have a proper place in the country's political and economic priorities, which will result in further deterioration of ecological conditions in Georgia. Sustainable development is analyzed as a new challenge and paradigm for Georgia and the difficulties that are related to its trajectory. Due to the current situation, the main theoretical and practical ways of ecological policy formation in the context of sustainable development in Georgia are
2017-12-28
∘ Natalia Poplavskaya ∘
MARKETING COMMUNICATIONS AS A TOOL FOR ENSURING SUSTAINABLE DEVELOPMENT OF ENTERPRISES IN THE AUTOMOTIVE INDUSTRY
Summary The business world is characterized by a dynamic transformation. Laws of the market and consumer preferences are changing with great speed, and entrepreneurs need to learn how to adapt and respond quickly to new conditions of entrepreneurial reality. The rapid development of human civilization, in which the speed of technological developments and discoveries outstrips human ability to comprehend and perceive it, dictates the new requirements for modern entrepreneurs and products offered to the consumer. If we consider the complex of marketing - the greatest transformation has been marketing communications. Rapid development of communication channels via the Internet induces the need for continuous marketing communication with the consumer. Communication becomes more personalized. The entrepreneur wants to take into account the personal desires of customers, in order to increase the emotional dependence on his brand. This became possible due to the increase in the number of
2017-12-28
MARKETING COMMUNICATIONS AS A TOOL FOR ENSURING SUSTAINABLE DEVELOPMENT OF ENTERPRISES IN THE AUTOMOTIVE INDUSTRY
Summary The business world is characterized by a dynamic transformation. Laws of the market and consumer preferences are changing with great speed, and entrepreneurs need to learn how to adapt and respond quickly to new conditions of entrepreneurial reality. The rapid development of human civilization, in which the speed of technological developments and discoveries outstrips human ability to comprehend and perceive it, dictates the new requirements for modern entrepreneurs and products offered to the consumer. If we consider the complex of marketing - the greatest transformation has been marketing communications. Rapid development of communication channels via the Internet induces the need for continuous marketing communication with the consumer. Communication becomes more personalized. The entrepreneur wants to take into account the personal desires of customers, in order to increase the emotional dependence on his brand. This became possible due to the increase in the number of
2017-12-28
∘ Solomon Pavliashvili ∘ Zurab Garakanidze ∘
THE INTRA-BRANCH MECHANISM OF COORDINATION OF THE FOOD AND ECOLOGICAL SECURITY
Summary In the article, the conceptual approaches of the formation of implementation mechanism of intra-branch ecological and economic development strategy for agro-industrial and postindustrial territories are defined and grounded. This presupposes the effective interaction of participants of the regional eco-innovative processes aimed at transforming the social and economic environment of the agro-industrial region through ecologization and revitalization of industrial territories and the transition to sustainable management in terms of sustainable development. These principles have been defined as the basic ones. Keywords: ecologization, revitalization, the mechanism of strategy, implementation, agro-industrial areas, post-industrial areas, sustainable
2017-12-28
THE INTRA-BRANCH MECHANISM OF COORDINATION OF THE FOOD AND ECOLOGICAL SECURITY
Summary In the article, the conceptual approaches of the formation of implementation mechanism of intra-branch ecological and economic development strategy for agro-industrial and postindustrial territories are defined and grounded. This presupposes the effective interaction of participants of the regional eco-innovative processes aimed at transforming the social and economic environment of the agro-industrial region through ecologization and revitalization of industrial territories and the transition to sustainable management in terms of sustainable development. These principles have been defined as the basic ones. Keywords: ecologization, revitalization, the mechanism of strategy, implementation, agro-industrial areas, post-industrial areas, sustainable
2017-12-28
∘ Tariel Giorgadze ∘
GEORGIAS ECONOMIC GROWTH AND FOREIGN DIRECT INVESTMENT CONNECTION
Annotation. Macroeconomics determines the priorities of a country. In the light of ongoing economic crises, this subject becomes more and more topical. Especially when all economists and politicians search the answers for the following questions: Why did such a serious economic crisis occur? How long will the recession continue? What additional political or economic tools can be used in order to solve the current problems? The ongoing economic crises, natural economic changes, tendencies of growth and decline have a significant impact on the formation of the macroeconomic policy. In order to avoid consequences of misinterpreted macroeconomic policy, it is important to properly assess and understand the potential and direction of a state. It is crucial to correctly determine the macroeconomic priorities for Georgia, which, in addition to the fact that is a state with young market economy, has to deal with a lot of social and economic problems. Keywords:Economic growth; Foreign
2017-12-28
GEORGIAS ECONOMIC GROWTH AND FOREIGN DIRECT INVESTMENT CONNECTION
Annotation. Macroeconomics determines the priorities of a country. In the light of ongoing economic crises, this subject becomes more and more topical. Especially when all economists and politicians search the answers for the following questions: Why did such a serious economic crisis occur? How long will the recession continue? What additional political or economic tools can be used in order to solve the current problems? The ongoing economic crises, natural economic changes, tendencies of growth and decline have a significant impact on the formation of the macroeconomic policy. In order to avoid consequences of misinterpreted macroeconomic policy, it is important to properly assess and understand the potential and direction of a state. It is crucial to correctly determine the macroeconomic priorities for Georgia, which, in addition to the fact that is a state with young market economy, has to deal with a lot of social and economic problems. Keywords:Economic growth; Foreign
2017-12-28
∘ Elguja Konjaria ∘
THE ITEM OF REVENUES AND EXPENSES,THEIR MEANING AND CLASSIFICATION
Summary The item of revenues includes returns and incomes. Returns is the amount which comes into enterprises, which is benefit of working of enterprises and expresses increasing its own equity without extra investigation. Returns arise in processing of ordinary enterprises and is known under different names: for example returns of realization of goods, returns from ready product sales, percent, dividends, royalties and rent of lease. Revenues include also increasing income. Selling of main assets also belongs to revenues. Income items mean unrealized incomes, which may produce of revising of limited valuable papers or increasing of long term assets. Returns will be considered as main benefit in the process of reporting period. The assessing of returns must be
2017-12-28
THE ITEM OF REVENUES AND EXPENSES,THEIR MEANING AND CLASSIFICATION
Summary The item of revenues includes returns and incomes. Returns is the amount which comes into enterprises, which is benefit of working of enterprises and expresses increasing its own equity without extra investigation. Returns arise in processing of ordinary enterprises and is known under different names: for example returns of realization of goods, returns from ready product sales, percent, dividends, royalties and rent of lease. Revenues include also increasing income. Selling of main assets also belongs to revenues. Income items mean unrealized incomes, which may produce of revising of limited valuable papers or increasing of long term assets. Returns will be considered as main benefit in the process of reporting period. The assessing of returns must be
2017-12-28
∘ Shorena Mindiashvili ∘
HISTORICAL DEVELOPMENT OF GEORGIAN INDUSTRY AND THE RESEARCH OF ITS MODERN STATE
Summary The Industry, as the backbone of the economy and its main link, is important for the economic development, as far as without its effective functioning, itis impossible to reach the progress of the country, public welfare, economic and political security its reinforcement and maintenance, the poverty reduction, possibility to employ labor resources of the country. It is of utmost importance to establish and develop the industrial policy that is connected with political, organizational, economical and social matters. The latest task of the industrial enterprises is to bring out the enterprises from the protracted crisis. In addition, their active support and rehabilitation is necessary, appropriate production acceleration, creating of favorable environment for the attracting investments and for implementing effective investment projects. I consider that the development of the small and medium business, promotion of the micro-businesses and
2017-12-28
HISTORICAL DEVELOPMENT OF GEORGIAN INDUSTRY AND THE RESEARCH OF ITS MODERN STATE
Summary The Industry, as the backbone of the economy and its main link, is important for the economic development, as far as without its effective functioning, itis impossible to reach the progress of the country, public welfare, economic and political security its reinforcement and maintenance, the poverty reduction, possibility to employ labor resources of the country. It is of utmost importance to establish and develop the industrial policy that is connected with political, organizational, economical and social matters. The latest task of the industrial enterprises is to bring out the enterprises from the protracted crisis. In addition, their active support and rehabilitation is necessary, appropriate production acceleration, creating of favorable environment for the attracting investments and for implementing effective investment projects. I consider that the development of the small and medium business, promotion of the micro-businesses and
2017-12-28
∘ Nino Sebiskveradze ∘
PRODUCTS AND SERVICES QUALITY INDICATORS IN ORGANIZATIONS OF GEORGIA
Summary Quality is the basis for success of all companies; in this case it does not mean that only a derivative product should be of a good quality, it is important that the internal processes of the company and all the simple actions be of a high quality. Each employee must have an integrated vision that the quality work done by them will benefit not only company but also them personally. The quality company becomes more efficient, more flexible, which ultimately turns into its competitive advantage. Quality should be the culture of the company and one of the main goals, but the most important and at the same time the most difficult to take this to each employee. For the company to become fully oriented on quality it is important that every employee should believe in this and be quality oriented in everyday activities. The aggravation of competition has strengthened business attention to the quality problem and today there is a systemic approach that discusses the quality of
2017-12-28
PRODUCTS AND SERVICES QUALITY INDICATORS IN ORGANIZATIONS OF GEORGIA
Summary Quality is the basis for success of all companies; in this case it does not mean that only a derivative product should be of a good quality, it is important that the internal processes of the company and all the simple actions be of a high quality. Each employee must have an integrated vision that the quality work done by them will benefit not only company but also them personally. The quality company becomes more efficient, more flexible, which ultimately turns into its competitive advantage. Quality should be the culture of the company and one of the main goals, but the most important and at the same time the most difficult to take this to each employee. For the company to become fully oriented on quality it is important that every employee should believe in this and be quality oriented in everyday activities. The aggravation of competition has strengthened business attention to the quality problem and today there is a systemic approach that discusses the quality of
2017-12-28
∘ Nana Khitarishvili ∘
THE PROBLEM OF ATTRACTING INVESTMENTS IN SCIENTIFIC LITERATURE
Summary The article discusses the situation in attracting investments and studying problems related to modern Georgian and foreign scientific literature. The topic includes recent dissertation works published in Georgian and foreign, mainly English monographs available. Despite the wide interest of scientists and conducting relevant researches, due to the actuality of the issue and its dynamism, they require continuous development. This article mainly concerns the economic prediction and reliability by investing a capital,preliminary calculation with the actual effect obtained. The problem of growth of investments in Georgia can be grouped into the following directions: tax policy and tax environment; Market Infrastructure Development. Legal provision of agricultural disputes and its operational and stability-steady stability. At the same time, one of the most actual problem is macro and micro economic issues in attracting investments. Internal management schemes and their methods,
2017-12-28
THE PROBLEM OF ATTRACTING INVESTMENTS IN SCIENTIFIC LITERATURE
Summary The article discusses the situation in attracting investments and studying problems related to modern Georgian and foreign scientific literature. The topic includes recent dissertation works published in Georgian and foreign, mainly English monographs available. Despite the wide interest of scientists and conducting relevant researches, due to the actuality of the issue and its dynamism, they require continuous development. This article mainly concerns the economic prediction and reliability by investing a capital,preliminary calculation with the actual effect obtained. The problem of growth of investments in Georgia can be grouped into the following directions: tax policy and tax environment; Market Infrastructure Development. Legal provision of agricultural disputes and its operational and stability-steady stability. At the same time, one of the most actual problem is macro and micro economic issues in attracting investments. Internal management schemes and their methods,
2017-12-28
∘ Mirza Bakhtadze ∘
INNOVATIVE MANAGEMENT AS AN IMPORTANT COMPONENT OF SUCCESSFUL FUNCTIONING OF THE COUNTRYS ECONOMY
Summary According to Albert Einstein, "If you do everything the same as before, you will get what you've got before." In the life of any person there comes a time when it is necessary to change something in order to improve the life achievements. The similar changes are also important for the existence of organizations and even states. As one of the most successful innovators of all time, Steve Jobs said, innovation is the only way to win. Any person has a creative talent – an ability to invent or improve something. An important factor for people with creative talents is a freedom, a wide area to create something valuable. If such a freedom, an area are not allowed in order to develop the ideas, then the chance of generating innovative ideas on this particular area and then implementing them, is reduced to a minimun. So, what does the freedom and the wide area mean, and what role the state has in this direction in order to make the citizens of the country and especially
2017-12-28
INNOVATIVE MANAGEMENT AS AN IMPORTANT COMPONENT OF SUCCESSFUL FUNCTIONING OF THE COUNTRYS ECONOMY
Summary According to Albert Einstein, "If you do everything the same as before, you will get what you've got before." In the life of any person there comes a time when it is necessary to change something in order to improve the life achievements. The similar changes are also important for the existence of organizations and even states. As one of the most successful innovators of all time, Steve Jobs said, innovation is the only way to win. Any person has a creative talent – an ability to invent or improve something. An important factor for people with creative talents is a freedom, a wide area to create something valuable. If such a freedom, an area are not allowed in order to develop the ideas, then the chance of generating innovative ideas on this particular area and then implementing them, is reduced to a minimun. So, what does the freedom and the wide area mean, and what role the state has in this direction in order to make the citizens of the country and especially
2017-12-28
∘ Natia Bedukadze-Mamatsashvili ∘
FEATURES OF ANGLO-AMERICAN AND GERMAN MODELS OF CORPORATE MANAGEMENT AND THEIR OVERVIEW
Summary For Georgia`s political and economic integration into the Europe it`s necessary to resolve the social and economic tasks in a right manner. Corporations form one of the significant role into the said task`s decision. Thus it`s important to improve the corporate management, increase the transparency and establish the efficient mechanisms of control. The general regulations about the working out of the enterprises’ efficient management system, are made by Georgian law “about the entrepreneurs”. During the discussion of corporate management, it`s important to note the following acts: principles of corporate management worked out by organization of economic cooperation and development on 1999 year and the EU action plan about modernization of corporate law and corporate management improvement. There are two main models of corporate management: Anglo-American, which is spread in the UK, USA, Australia, India, Ireland, Canada, etc. and German model, which is
2017-12-28
FEATURES OF ANGLO-AMERICAN AND GERMAN MODELS OF CORPORATE MANAGEMENT AND THEIR OVERVIEW
Summary For Georgia`s political and economic integration into the Europe it`s necessary to resolve the social and economic tasks in a right manner. Corporations form one of the significant role into the said task`s decision. Thus it`s important to improve the corporate management, increase the transparency and establish the efficient mechanisms of control. The general regulations about the working out of the enterprises’ efficient management system, are made by Georgian law “about the entrepreneurs”. During the discussion of corporate management, it`s important to note the following acts: principles of corporate management worked out by organization of economic cooperation and development on 1999 year and the EU action plan about modernization of corporate law and corporate management improvement. There are two main models of corporate management: Anglo-American, which is spread in the UK, USA, Australia, India, Ireland, Canada, etc. and German model, which is
2017-12-28
∘ Natalia Tchanturia ∘ Mariam Khizanishvili ∘ Ana Jikia ∘
COMMUNICATION SOCIAL NETWORKS AS A MODERN WAY OF SELECTION AND MANAGEMENT OF HUMAN CAPITAL
Summary Changes occurring in the modern world economy are constantly leading to the formation of a global world market economy. The main sign of globalization is the competitive struggle for human resources, human capital - talents and intellect. Communication social networks are part of the globalization process. Social networks have become an indispensable attribute of public life: they have eliminated geographical, linguistic and professional barriers. Today, those companies achieve true prosperity which quickly realize the processes taking place in the world and take into account the requirements of globalization, primarily related to the filtration, extraction and use of information. Social networks create innovative tools for attracting and managing human capital, to which organizations are increasingly turning. Personnel HR-Technologies represents a new trend in personnel management. Companies that successfully use and develop these technologies acquire a
2017-12-28
COMMUNICATION SOCIAL NETWORKS AS A MODERN WAY OF SELECTION AND MANAGEMENT OF HUMAN CAPITAL
Summary Changes occurring in the modern world economy are constantly leading to the formation of a global world market economy. The main sign of globalization is the competitive struggle for human resources, human capital - talents and intellect. Communication social networks are part of the globalization process. Social networks have become an indispensable attribute of public life: they have eliminated geographical, linguistic and professional barriers. Today, those companies achieve true prosperity which quickly realize the processes taking place in the world and take into account the requirements of globalization, primarily related to the filtration, extraction and use of information. Social networks create innovative tools for attracting and managing human capital, to which organizations are increasingly turning. Personnel HR-Technologies represents a new trend in personnel management. Companies that successfully use and develop these technologies acquire a
2017-12-28
∘ Medea Melashvili ∘ Nunu Kistauri ∘ Ketevan Kveladze ∘
THE ROLE OF THE PUBLIC-PRIVATE PARTNERSHIP (PPP) IN THE PROCESS, OF GROWTH OF ECONOMIC SUSTAINABILITY OF THE COUNTRY
Summary The modern innovative economy is characterized by new forms of business and state relations. One of them is the - Public Private Partnerships (PPP), whose primary objective is to increase the extent of private investments in various measures implemented by the state that serve the growth of the social status of the population and living standards and generally, economic sustainability of the country. Developed countries unanimously agree that introduction and development of public-private partnership is one of the new, innovative ways of improving the economic growth, infrastructure development and supply of society with services in the countries. This form of partnership is the cooperation to implement the priority objectives of economic development, through the distribution of costs and risks between each other using long-term and voluntary principles. According to the world experience, the introduction of the PPP innovative model allows the
2017-12-28
THE ROLE OF THE PUBLIC-PRIVATE PARTNERSHIP (PPP) IN THE PROCESS, OF GROWTH OF ECONOMIC SUSTAINABILITY OF THE COUNTRY
Summary The modern innovative economy is characterized by new forms of business and state relations. One of them is the - Public Private Partnerships (PPP), whose primary objective is to increase the extent of private investments in various measures implemented by the state that serve the growth of the social status of the population and living standards and generally, economic sustainability of the country. Developed countries unanimously agree that introduction and development of public-private partnership is one of the new, innovative ways of improving the economic growth, infrastructure development and supply of society with services in the countries. This form of partnership is the cooperation to implement the priority objectives of economic development, through the distribution of costs and risks between each other using long-term and voluntary principles. According to the world experience, the introduction of the PPP innovative model allows the
2017-12-28
∘ Nata Davlasheridze ∘
SOME ISSUES OF INNOVATIVE DEVELOPMENT OF POLAND
Summary The role of the state in providing innovative policy in Poland is considered in the work. It is emphasized that in recent years the special part in innovative processes is assigned to the state institutes and programs. Poland belongs to the countries outsiders on the innovative map of Europe. For this reason at the beginning of the 2010th years in Poland the long-term reform of the scientific and technical sphere (accompanied also by some changes in the system of the higher education), aimed at decentralization of management of science and also increase in cooperation between the business community and research institutes working on commercially significant projects has begun. It is necessary to distinguish from key programs and events of realization of innovative policy by the state institutes of Poland first of all "The plan for the benefit of the responsible development" called also by "Moravetsky's plan" according to a surname of his author – the
2017-12-28
SOME ISSUES OF INNOVATIVE DEVELOPMENT OF POLAND
Summary The role of the state in providing innovative policy in Poland is considered in the work. It is emphasized that in recent years the special part in innovative processes is assigned to the state institutes and programs. Poland belongs to the countries outsiders on the innovative map of Europe. For this reason at the beginning of the 2010th years in Poland the long-term reform of the scientific and technical sphere (accompanied also by some changes in the system of the higher education), aimed at decentralization of management of science and also increase in cooperation between the business community and research institutes working on commercially significant projects has begun. It is necessary to distinguish from key programs and events of realization of innovative policy by the state institutes of Poland first of all "The plan for the benefit of the responsible development" called also by "Moravetsky's plan" according to a surname of his author – the
2017-12-28
∘ Medea Melashvili ∘ Nunu Kistauri ∘ Ketevan Kveladze ∘
THE ROLE OF SOCIAL INNOVATIONS IN SUSTAINABLE ECONOMIC DEVELOPMENT OF THE COUNTRY
Summary Scientists define "social innovations as follows: deliberately organizational innovations in social spheres that are consistent with permanently changing social conditions, arise at a definite stage of development of society and the aim of which is the effective and positive transformation of the social sphere, as a wlole. Social innovations are closely linked with state innovation policies. They can be made both in public, as well as in commercial, non-commercial and public sectors. In the economically developed countries of the world in recent years, there are often conferences for leading economists, psychologists and education professionals who believe that, in the social innovation center the starting point for the social policy and innovation policy is happiness. The authors have reviewed various aspects of happiness. In their opinion, one of the main determinants of happiness throughout the world is employment - employed people give a higher estimate of their
2017-12-28
THE ROLE OF SOCIAL INNOVATIONS IN SUSTAINABLE ECONOMIC DEVELOPMENT OF THE COUNTRY
Summary Scientists define "social innovations as follows: deliberately organizational innovations in social spheres that are consistent with permanently changing social conditions, arise at a definite stage of development of society and the aim of which is the effective and positive transformation of the social sphere, as a wlole. Social innovations are closely linked with state innovation policies. They can be made both in public, as well as in commercial, non-commercial and public sectors. In the economically developed countries of the world in recent years, there are often conferences for leading economists, psychologists and education professionals who believe that, in the social innovation center the starting point for the social policy and innovation policy is happiness. The authors have reviewed various aspects of happiness. In their opinion, one of the main determinants of happiness throughout the world is employment - employed people give a higher estimate of their
2017-12-28
∘ Tamaz Gamsakhurdia ∘ Teimuraz Pestvenidze ∘
SOME ASPECTS OF RATIONAL USE OF RESOURCES IN THE COUNTRY AND THE WELFARE OF THE POPULATION
Summary The paper discusses the most pressing issues in the use of existing resources in the country which play an important role in the welfare of the people. Mistakes made in the country's governing structures have put the country in a deplorable state and created a difficult socio-economic background. Destroyed inherited multinational industry and agriculture received from the Soviet power. The work emphasizes the fact that the government has a flexible and intellectual strategy and vision in the governing bodies of the state to refuse the selection and appointment of human resources without interference (nepotism). It is underlined that in the country it is impossible to restore justice in the country. The government should pay special attention to attraction of foreign investments that will be used for the development of the small and medium-sized business for the country, which guarantees the growth and production volume and the employment of human resources. Officials
2017-12-28
SOME ASPECTS OF RATIONAL USE OF RESOURCES IN THE COUNTRY AND THE WELFARE OF THE POPULATION
Summary The paper discusses the most pressing issues in the use of existing resources in the country which play an important role in the welfare of the people. Mistakes made in the country's governing structures have put the country in a deplorable state and created a difficult socio-economic background. Destroyed inherited multinational industry and agriculture received from the Soviet power. The work emphasizes the fact that the government has a flexible and intellectual strategy and vision in the governing bodies of the state to refuse the selection and appointment of human resources without interference (nepotism). It is underlined that in the country it is impossible to restore justice in the country. The government should pay special attention to attraction of foreign investments that will be used for the development of the small and medium-sized business for the country, which guarantees the growth and production volume and the employment of human resources. Officials
2017-12-28
∘ Goderdzi Tkeshelashvili ∘ Viktoria Revishvili ∘
PROBLEMATICS OF STRATEGIC MANAGEMENT IN GEORGIAN AND FOREIGN SCIENTIFIC LITERATURE
Summary Today Georgian economy is experiencing a crisis, especially in industry. Inactivity in some industries and a low level of production efficiency determine unfavorable social-economical situation in the country. Tendencies and factors of development of the industry have been thoroughly studied in the World and Georgian economic literature, however, at each new stage of development, as in all kinds of activities in various fields, many questions require a new way of analysis on the basis of new scientific and empirical knowledge. The industrial development of Georgia and the country's self-assertion in the world economic space requires a correct definition of socio-economic tasks and their solution at the microeconomic level. Therefore, scientific research is needed to improve the mechanisms of strategic management (manage) and objective justification in the need for their
2017-12-28
PROBLEMATICS OF STRATEGIC MANAGEMENT IN GEORGIAN AND FOREIGN SCIENTIFIC LITERATURE
Summary Today Georgian economy is experiencing a crisis, especially in industry. Inactivity in some industries and a low level of production efficiency determine unfavorable social-economical situation in the country. Tendencies and factors of development of the industry have been thoroughly studied in the World and Georgian economic literature, however, at each new stage of development, as in all kinds of activities in various fields, many questions require a new way of analysis on the basis of new scientific and empirical knowledge. The industrial development of Georgia and the country's self-assertion in the world economic space requires a correct definition of socio-economic tasks and their solution at the microeconomic level. Therefore, scientific research is needed to improve the mechanisms of strategic management (manage) and objective justification in the need for their
2017-12-28
∘ Goderdzi Tkeshelashvili ∘ Natia Aslamazashvili ∘
MACROECONOMIC FACTORS OF INVESTING IN THE GEORGIAN ECONOMY
Summary Investments are an integral part of the modern economy. Economic development in the modern world is unimaginable without investing. Its source is both local and foreign investments. The countries that are outlined by high rate of economic development are characterized by large amounts of attracting foreign investments and their export. It is considered that the volume of foreign investments will be proportionate to the economic development of the states. The process of attraction of foreign investments in Georgia is unsatisfactory and first of all requires macroeconomic measures to be activated that is expressed in the following directions: market infrastructure and its development level; tax environment, its liberality and simplicity; monetary policy and national currency stability; stability of business legislative base. The mentioned directions should become the general line of support for economic development of the country. Otherwise, it is impossible to achieve
2017-12-28
MACROECONOMIC FACTORS OF INVESTING IN THE GEORGIAN ECONOMY
Summary Investments are an integral part of the modern economy. Economic development in the modern world is unimaginable without investing. Its source is both local and foreign investments. The countries that are outlined by high rate of economic development are characterized by large amounts of attracting foreign investments and their export. It is considered that the volume of foreign investments will be proportionate to the economic development of the states. The process of attraction of foreign investments in Georgia is unsatisfactory and first of all requires macroeconomic measures to be activated that is expressed in the following directions: market infrastructure and its development level; tax environment, its liberality and simplicity; monetary policy and national currency stability; stability of business legislative base. The mentioned directions should become the general line of support for economic development of the country. Otherwise, it is impossible to achieve
2017-12-28
∘ Medea Melashvili ∘ Nunu Kistauri ∘ Ketevan Kveladze ∘
SUSTAINABLE TOURISM AND ITS ROLE IN ECONOMIC SUSTAINABILITY OF THE COUNTRY
Summary 70th General Assembly of the United Nations declared 2017 year as international year of development of sustainable tourism. In the last 50-60 years, tourism in contrast to other sectors, has undergone constant expansion and diversification, and turned into one of the most dynamic and high-pace developing economic sectors in world's economy. In the field of tourism thoroughly planned and regulated activities can make a big contribution to the improving of all three components of sustainable development (economic, social, ecological). It is closely related to other sectors, and can provide job creation, roll out opportunities in the field of trade, in countries. It represents the main income of foreign currency or one of it. The last 7 years the tourism sector grows by 4% on average. The growth of tourism has huge importance for developed countries, to strengthen their economic sustainability. For about half of these countries the tourism is 40% of GDP and is basic
2017-12-28
SUSTAINABLE TOURISM AND ITS ROLE IN ECONOMIC SUSTAINABILITY OF THE COUNTRY
Summary 70th General Assembly of the United Nations declared 2017 year as international year of development of sustainable tourism. In the last 50-60 years, tourism in contrast to other sectors, has undergone constant expansion and diversification, and turned into one of the most dynamic and high-pace developing economic sectors in world's economy. In the field of tourism thoroughly planned and regulated activities can make a big contribution to the improving of all three components of sustainable development (economic, social, ecological). It is closely related to other sectors, and can provide job creation, roll out opportunities in the field of trade, in countries. It represents the main income of foreign currency or one of it. The last 7 years the tourism sector grows by 4% on average. The growth of tourism has huge importance for developed countries, to strengthen their economic sustainability. For about half of these countries the tourism is 40% of GDP and is basic
2017-12-28
∘ Mikheil Chikviladze ∘
COMPARATIVE ANALYSIS OF TAXES IN THE POST SOVIET COUNTRIES (GEORGIA)
Summary There was an unified tax system in the former Soviet Union. After the collapse of the Soviet Union and the establishment of independent states on its base, the specific tax system was established in each country. The relevant specific laws have been adopted, which have been subject to frequent changes. The point is that in the Post-Soviet period many countries have suffered a severe shortage of finances. Deficit overcoming process was largely depended on effective tax policy. It should be facilitated on the one hand for entrepreneurship development and on the other hand to mobilize funds in the budget. Successful solving of the both tasks required a difficult and long term process. The changes in the tax policy were preceded by their scientific understanding. The weakness of the state has not promoted mobilization of taxes. As a result, there was a lot of mistakes and there was "hidden taxes". The role of an international financial organization in rectifying the case was
2017-12-28
COMPARATIVE ANALYSIS OF TAXES IN THE POST SOVIET COUNTRIES (GEORGIA)
Summary There was an unified tax system in the former Soviet Union. After the collapse of the Soviet Union and the establishment of independent states on its base, the specific tax system was established in each country. The relevant specific laws have been adopted, which have been subject to frequent changes. The point is that in the Post-Soviet period many countries have suffered a severe shortage of finances. Deficit overcoming process was largely depended on effective tax policy. It should be facilitated on the one hand for entrepreneurship development and on the other hand to mobilize funds in the budget. Successful solving of the both tasks required a difficult and long term process. The changes in the tax policy were preceded by their scientific understanding. The weakness of the state has not promoted mobilization of taxes. As a result, there was a lot of mistakes and there was "hidden taxes". The role of an international financial organization in rectifying the case was
2017-12-28
∘ Eter Kakulia ∘
INNOVATION SMALL BUSINESS ROLE IN THE ECONOMIES OF MODERN DEVELOPED COUNTRIES
Summary In the work are discussed common distinguished functions of classical and innovation small business, also who can be belonged to the small organizations in the economic view. Here are distinguished venture and small innovation organizations .Is talked about the venture capital in the developed countries as the key element of the innovation system. Are studied the effectiveness of expenses of scientific-research experimental constructive activity in the small innovation companies (forms): their roles in the economies of developed countries. For the purpose of realization of their roles and advantages are given statistic materials Is talked about the important role of small business in the ‘’ national innovation system”’. Keywords: small business, innovation small business, venture organizations ,venture capital, small innovation organization, small innovation
2017-12-28
INNOVATION SMALL BUSINESS ROLE IN THE ECONOMIES OF MODERN DEVELOPED COUNTRIES
Summary In the work are discussed common distinguished functions of classical and innovation small business, also who can be belonged to the small organizations in the economic view. Here are distinguished venture and small innovation organizations .Is talked about the venture capital in the developed countries as the key element of the innovation system. Are studied the effectiveness of expenses of scientific-research experimental constructive activity in the small innovation companies (forms): their roles in the economies of developed countries. For the purpose of realization of their roles and advantages are given statistic materials Is talked about the important role of small business in the ‘’ national innovation system”’. Keywords: small business, innovation small business, venture organizations ,venture capital, small innovation organization, small innovation
2017-12-28
∘ Tamar Zirakashvili ∘
THE MAIN TAXING PRINCIPLES APPROACHES IN BANKING
Summary Banking activites need to have exactly defined borders of influence from taxes as each influence has its own limit. Taxing influence on banking is defined with minimum and maximum rates and fixed financial
2017-12-28
THE MAIN TAXING PRINCIPLES APPROACHES IN BANKING
Summary Banking activites need to have exactly defined borders of influence from taxes as each influence has its own limit. Taxing influence on banking is defined with minimum and maximum rates and fixed financial
2017-12-28
∘ Ketevan Urushadze ∘ Rezo Tedoradze ∘ Giorgi Sisvadze ∘
OPTIMIZATION OF MANAGEMENT OF MATERIAL FLOW IN THE ENTERPRISE
Summary Optimization of management of material flow is required for the perfect functioning of enterprises. Therefore, in this article "Optimization of management of material flow in the Enterprise" is considered material flow as material resources in motion (movement), incompleted products and prepared products in connection with problems and ways to solve them arising in loading, unloading, placing in the tare, packaging, sorting, consolidation, splitting, selling and other processes. This area is the main source of formation of competitive advantages of most successful companies. With the growth of the competition is increasing customer demand and more enterprises are looking for tools to improve logistical services: Optimization of logistical operations, reduction of production and financial cycle, Increase the volume of production services, management of inventory and Introduce modern methods of cost management. The main topic of discussion in this article - "Optimization of
2017-12-28
OPTIMIZATION OF MANAGEMENT OF MATERIAL FLOW IN THE ENTERPRISE
Summary Optimization of management of material flow is required for the perfect functioning of enterprises. Therefore, in this article "Optimization of management of material flow in the Enterprise" is considered material flow as material resources in motion (movement), incompleted products and prepared products in connection with problems and ways to solve them arising in loading, unloading, placing in the tare, packaging, sorting, consolidation, splitting, selling and other processes. This area is the main source of formation of competitive advantages of most successful companies. With the growth of the competition is increasing customer demand and more enterprises are looking for tools to improve logistical services: Optimization of logistical operations, reduction of production and financial cycle, Increase the volume of production services, management of inventory and Introduce modern methods of cost management. The main topic of discussion in this article - "Optimization of
2017-12-28
∘ Lia Dvalishvili ∘
PROTECTION OF ATMOSPHERE - ONE OF THE ESSENTIAL CONDITIONS FOR SUSTAINABLE DEVELOPMENT
Summary Sustainable development – the promotion of joint development of society and nature has become a commonly recognized purpose at modern stage. Sustainable development is such a system of society development which provides the wellbeing of people, the growth of the quality of standard of living and the right of futuce generation to use natural resources and environment maximally defended from qualitative and quantitative changes in respect to economic development of society and the interests of environmental protection. Each human has the right to live in the environment harmless for health; each is obliged to protect natural environment. People have the right to get full objective and timely information about the conditions at work and their living surroundings. Human and nature relations on our planet began from the first days of a human birth. It influenced the environment and still does. A human has no other source of existence except nature surrounding him; what he
2017-12-28
PROTECTION OF ATMOSPHERE - ONE OF THE ESSENTIAL CONDITIONS FOR SUSTAINABLE DEVELOPMENT
Summary Sustainable development – the promotion of joint development of society and nature has become a commonly recognized purpose at modern stage. Sustainable development is such a system of society development which provides the wellbeing of people, the growth of the quality of standard of living and the right of futuce generation to use natural resources and environment maximally defended from qualitative and quantitative changes in respect to economic development of society and the interests of environmental protection. Each human has the right to live in the environment harmless for health; each is obliged to protect natural environment. People have the right to get full objective and timely information about the conditions at work and their living surroundings. Human and nature relations on our planet began from the first days of a human birth. It influenced the environment and still does. A human has no other source of existence except nature surrounding him; what he
2017-12-28
∘ Tsitsino Tetrauli ∘
ECONOMIC GROWTH FACTORS AND GOVERNMENT POLICY
Summary The paper deals with economic growth factors, its essence and importance in the development of market economy. The economic growth stages and by their peculiarities are characterized. The types of economic growth and economic growth measurements are mentioned. The painful transition from one of the economic systems to another has brought new challenges to Georgia. For such a poor country like Georgia the achievement of economic growth requires a lot of effort In the epoch. Of globalization and Innovations there should be a number of state regulations that promote business development, encourage small and medium businesses to overcome the chronic problems such as poverty and unemployment in the country. The government tries its best to achieve the economic growth adequate for our economy. For the next year the government is expecting 4,5% economic growth. The government has already implemented important social projects and continues its implementation: universal
2017-12-28
ECONOMIC GROWTH FACTORS AND GOVERNMENT POLICY
Summary The paper deals with economic growth factors, its essence and importance in the development of market economy. The economic growth stages and by their peculiarities are characterized. The types of economic growth and economic growth measurements are mentioned. The painful transition from one of the economic systems to another has brought new challenges to Georgia. For such a poor country like Georgia the achievement of economic growth requires a lot of effort In the epoch. Of globalization and Innovations there should be a number of state regulations that promote business development, encourage small and medium businesses to overcome the chronic problems such as poverty and unemployment in the country. The government tries its best to achieve the economic growth adequate for our economy. For the next year the government is expecting 4,5% economic growth. The government has already implemented important social projects and continues its implementation: universal
2017-12-28
∘ Tengiz Kavtaradze ∘
EU AGRICULTURAL KNOWLEDGE AND INNOVATION SYSTEMS
Summary The paper deals with the current issues of the regional policy of the European Union; Committees acting in the European Community are established, for example, the Common Committee for Agricultural Cooperation, Federation of Farmers' Union, Permanent Representatives Committee, etc. The concept of innovation system of agricultural knowledge has been studied. It is said that it originated from the concept of earlier agricultural knowledge system. The Agricultural Knowledge and Innovation System is considered as the notion of a network of organizations, enterprises and individuals. It focuses on new products and new organizational forms of production through joint and purposeful actions of institutions and policy conductors. It is noteworthy that the position of the Organization for Economic Co-operation and Development in determining the essence of innovation, introduces innovation as the introduction of a new or significantly improved product, implementation of a marketing
2017-12-28
EU AGRICULTURAL KNOWLEDGE AND INNOVATION SYSTEMS
Summary The paper deals with the current issues of the regional policy of the European Union; Committees acting in the European Community are established, for example, the Common Committee for Agricultural Cooperation, Federation of Farmers' Union, Permanent Representatives Committee, etc. The concept of innovation system of agricultural knowledge has been studied. It is said that it originated from the concept of earlier agricultural knowledge system. The Agricultural Knowledge and Innovation System is considered as the notion of a network of organizations, enterprises and individuals. It focuses on new products and new organizational forms of production through joint and purposeful actions of institutions and policy conductors. It is noteworthy that the position of the Organization for Economic Co-operation and Development in determining the essence of innovation, introduces innovation as the introduction of a new or significantly improved product, implementation of a marketing
2017-12-28
∘ Malkhaz Chikobava ∘ Nazira Kakaulia ∘
COMPARATIVE ANALYSIS OF ECONOMIC CRISIS THEORIES
Summary In work it is analysed the modern problems of the world economic crises by standpoint of the theories of business cycles. The main reason for present global crisis is a disproportion of world economy, which was masked by growth of national debts in a long time, first of all in the USA and Japan. This disproportion are caused by a huge gap between potential possibilities of production in the USA, Japan and Europe, saturation of their domestic market (overproduction) and absence of the adequate markets for sale of their production because of unevenness of the world development caused by historical desire of the countries of the West to keep the hegemony by preservation of backwardness and operation of Third World countries, come back to them a boomerang. Probably, the condition in the USA economy would be better better, if Africa, Russia, Latin America and India would have more developed economy. This that J. Stieglitz called «weakness of global
2017-12-28
COMPARATIVE ANALYSIS OF ECONOMIC CRISIS THEORIES
Summary In work it is analysed the modern problems of the world economic crises by standpoint of the theories of business cycles. The main reason for present global crisis is a disproportion of world economy, which was masked by growth of national debts in a long time, first of all in the USA and Japan. This disproportion are caused by a huge gap between potential possibilities of production in the USA, Japan and Europe, saturation of their domestic market (overproduction) and absence of the adequate markets for sale of their production because of unevenness of the world development caused by historical desire of the countries of the West to keep the hegemony by preservation of backwardness and operation of Third World countries, come back to them a boomerang. Probably, the condition in the USA economy would be better better, if Africa, Russia, Latin America and India would have more developed economy. This that J. Stieglitz called «weakness of global
2017-12-28
∘ George Bregvadze ∘
CONSTRUCTION DEVELOPMENT PROBLEMS IN GEORGIA
Summary The problems of development of the construction in Georgia from period of transformation of the post Soviet Union is analyzed in this work. It’s also planned those reasons which will help to develop this sphere. Construction is one of the oldest branch in the world and one of the sector of economic activity. The share of construction in a total sector of economy is 8,3% following agriculture, commerce and transport and communications in Georgia. The construction in our country always occupied a significant place. Construction industry was well developed before the collapse of the Soviet Union. For example, even in 1990-1991, 2332 thousand. square meters of residential buildings came into commission. from 1992-93 till 1998 the growth rate of construction declined considerably which was caused by the collapse of the soviet state, on the one hand, and by the transition from one economic system to the other one, on the other hand. This is the period when all
2017-12-28
CONSTRUCTION DEVELOPMENT PROBLEMS IN GEORGIA
Summary The problems of development of the construction in Georgia from period of transformation of the post Soviet Union is analyzed in this work. It’s also planned those reasons which will help to develop this sphere. Construction is one of the oldest branch in the world and one of the sector of economic activity. The share of construction in a total sector of economy is 8,3% following agriculture, commerce and transport and communications in Georgia. The construction in our country always occupied a significant place. Construction industry was well developed before the collapse of the Soviet Union. For example, even in 1990-1991, 2332 thousand. square meters of residential buildings came into commission. from 1992-93 till 1998 the growth rate of construction declined considerably which was caused by the collapse of the soviet state, on the one hand, and by the transition from one economic system to the other one, on the other hand. This is the period when all
2017-12-28
∘ Murman Kvaratskhelia ∘
GEORGIAS TRANSFORMATION PROCESSES AND NEW CHALLENGES IN THE MODERN STAGE
Summary The article discusses the transformation process of the Georgian economy in the transition from market economy to transition to market relations and how the level of living has changed. There are shown its four phases and peculiarities. In addition, the author emphasizes the three conceptual-methodological approach to these processes. In addition, the article notes the main and new challenges faced by Georgia during the globalization
2017-12-28
GEORGIAS TRANSFORMATION PROCESSES AND NEW CHALLENGES IN THE MODERN STAGE
Summary The article discusses the transformation process of the Georgian economy in the transition from market economy to transition to market relations and how the level of living has changed. There are shown its four phases and peculiarities. In addition, the author emphasizes the three conceptual-methodological approach to these processes. In addition, the article notes the main and new challenges faced by Georgia during the globalization
2017-12-28
∘ Teimuraz Gogokhia ∘
THE ROLE AND SIGNIFICANCE OF MARKET ORIENTATION OF ORGANIZATIONAL CULTURE OF A FIRM IN ACHIEVING ITS SUSTAINED COMPETITIVE ADVANTAGE
Summary The article deals with the essence of the concept of organizational (corporate) culture of a firm and its market orientation, as well as the role and significance of the market-oriented organizational culture in achieving and maintaining the sustainable competitive advantage of a firm. Various theoretical models and conceptual approaches to the organizational culture of a firm are considered. The relevant empirical studies conducted in some developed and developing countries regarding the organizational culture and its influence on the final results of firms' work, as well as the marketing culture (organizational culture that has a marketing orientation), the impact of this culture on the performance of a firm and its possible role in achieving and maintaining the sustainable competitive advantage of a firm are reviewed. Some ways of conducting empirical researches in transition economies, including in the Georgian economy, are outlined. We suggest to formulate the
2017-12-28
THE ROLE AND SIGNIFICANCE OF MARKET ORIENTATION OF ORGANIZATIONAL CULTURE OF A FIRM IN ACHIEVING ITS SUSTAINED COMPETITIVE ADVANTAGE
Summary The article deals with the essence of the concept of organizational (corporate) culture of a firm and its market orientation, as well as the role and significance of the market-oriented organizational culture in achieving and maintaining the sustainable competitive advantage of a firm. Various theoretical models and conceptual approaches to the organizational culture of a firm are considered. The relevant empirical studies conducted in some developed and developing countries regarding the organizational culture and its influence on the final results of firms' work, as well as the marketing culture (organizational culture that has a marketing orientation), the impact of this culture on the performance of a firm and its possible role in achieving and maintaining the sustainable competitive advantage of a firm are reviewed. Some ways of conducting empirical researches in transition economies, including in the Georgian economy, are outlined. We suggest to formulate the
2017-12-28