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ABSTRACTS

SECTION: INNOVATIVE ECONOMY

L. Qoqiauri. B. Gechbaia

Priority Directions of State Innovative Politics (p. 14-34)

The work highlights key points of state innovative politics; state structure of social – economical and scientific - technical development, the main Principe of the formation and completion, the resources and mechanisms of funding of innovations. In the article you are able to find out the instrumentarium of innovative politics, itspriority directions.

Nowadays we consider elaboration of optimal strategy in science and innovative development important that is; To create conditions for rivalry sector of scientific research and process and for its broadening reproduction; To create effective national innovative system; To hasten modernization of economics on the basis of technological innovation. To double the number of those enterprises that carry out technological innovations.

Thus, for innovative development of our country it’s essential the existence of a sector of ‘’Knowledge generation’’ that includes fundamental and practical research effective functionality of national innovative system that transforms new Knowledge into product of technologies and services. It includes unity of economic subjects, innovative institutional business, infrastructure and resources; wide usage of informative – communicative technologies that enables to grow up Labor productivity and optimization of industrial processes.

­­­­­­­­­Key words: Innovations, Innovative politics, Fundamental research, Scientific research, Funding for contest, Ventural capital;

 

REFERENCE:

A. bralava. L. Gvajaia. R. Kutateladze. Innovative Management. Tb., 2009. P. 263

Brooking A., 1997. The Management of Intellectual Capital. Long Range Planing 30 (3), p. 364 – 365.

БромбергГ.В., 2007. Интеллектуалънаясобственностъ: от создания до исполъзования М.: ИНИС роспатента. c. 207.

Джонсон Д., 1998. Инновации. Пер. c англ. М.: Мир. p. 14.

Друкер П. Ф., 2003. Практика менеджмента, М: Вилъямс. c. 156.

Друкер Питер Ф., 2009. Бизнес и Инновации. Пер. c англ. Н.: Экономика инновации. Под ред. В. Я. Горфинкеля. M., c. 157.

Кристенсен К., 2004. Дилема инноватора. М.: Алъпина Бизнес Букс. c. 181.

Кэмпбелл К., 2008. Венчурный бизнес: новые подходы. M.: Алыпина Бизнес Букс. c. 17 – 30.

Kim W.C., Mauborgne R., 1999. Strategy, Value Innovation and the Knowledge Economy // Sloan management review. Spring. p. 46.

Kotter P.J., 1996. Leading Change. Boston. p.218.

Лемерлъ П., 1994. Инновационная теория: истоки и перспективы развития. Пер. с франц. Киев: Арена – Пресс. c.119.

PorterM., BjndG., 1999. Innovative Capacity and Prosperity the Next Competitivenes challenge in the Glabal Competition venes Report. N.Y. p.12.

D. KATAMADZE

IMPACT OF INNOVATIVE PROCESS ON THE ECONOMY GEORGIA (p. 35-40)

At the present stage ofthe country by using inovative policy three-traditional,implicit and eksplisituri model. Mastering the traditional model of innovation is associated with a relati­vely narrow solution: industry and research programs through special connections. Implicit mo­del inovation of aspiration followed by all government agencies to operate. It is not"visible"to the point that has to do with the state of the industry in the development of appropriate intervention.

Innovative politics of the models can choose between a favorable option, through which it will be able to transform its economic and social infrastructure through the utilization of inno­vations. Foreign countries developed innovative processes in Georgia and the current situation in our research we have shown that our country's innovation politicsshould be based on the rele­vant legal regulation mechanism, free competition conditions and intellectual property protec­tion, the standards process, their protection and industrial production quality control. It should contribute to the strengthening of ties between science and industry, venture capital firms that provide services and information about innovations market. The research identified the problems that hinder the development of innovative process in Georgia. At the end of the paper's recom­mendations, the implementation of which will help our country to conduct innovative politics.

Keywords: Innovative processes, innovative policy, technical culture, technological productivity, operating skills, craft skills, industrial innovation, industry diversification.

REFERENCE:

A Samadashvili. Management entrepreneurialand technological innovation. Publishing House "TechnicalUniversity", Tbilisi, 2009. pg. 239;

S. Maital Executive Economics, FREE PRESS, 1995;

Paul Trott “Innovation Management and New Product Development”, Third Edition, Prentice Hall, 2004

“Building of Knowledge Economies: advanced strategies for development”, WBI Development Studies, The World Bank, Washington, D.C., 2007]

P. AROSHIDZE

INNOVATIVE ASPECTS OF COOPERATION BETWEEN GEORGIA AND THE EU IN THE ENERGY SECTOR (p. 41-45)

The article describes innovative energy development, described in the context of long cycles, appears today in a dual context: technological (increase effectively-sti existing processes, the emergence of fundamentally new tech-nologies and energy) and organizational (development of synergies, as well as Smart directions, management organizations and integrated innovation management systems). European energy policy has been high on the EU agenda in the past few years. The European Commission adopted two Strategic Energy Reviews on January 2007 and October 2008 proposing a number of strategic initiatives for a new EU energy policy. Most of the proposals in the two Strategic Energy Reviews have been translated into community legislation. However, in the Commission's view, the growing challenges of energy security, climate change, the urge to recover economic growth, the urgency of stepping up efforts to deliver the 20-20-20 objectives for 2020 and the need to move to a more sustainable energy path call for a new European Energy Strategy.

Keywords: Energy, Innovations, Energy Strategy, The European Union

 

REFERENCE:

Energy 2020 - A strategy for competitive, sustainable and secure energy

RESULTS OF THE PUBLIC CONSULTATION ON THE "STOCKTAKING DOCUMENT TOWARDS A NEW ENERGY STRATEGY FOR EUROPE 2011-2020"

М.В. Афанасьева, Д.А. Ваганов – Инновационная парадигма новой энергетической стратегии России, журнал «Энергетическая политика», №2, 2013

http://www.eecgeo.org/ge/projects.htm

http://www.gogc.ge

G. KATAMADZE

TECHNOLOGICAL INNOVATIONS OF INDUSTRIAL FIRMS (p. 46-50)

The rapid pace of industrial firms to introduce technological innovations, which will significantly increase by the managers of the new ideas into profitable industrial products or services into a chance. Our country should be carried out in three stages of technological innovations. The first minutes. Sec. Conceptualization phase, when a new idea through to the evaluation of the scientific-research laboratory. At the end of this stage should dadasturdes, that idea does not contradict the laws of nature. The next stage is dedicated to the new kmedunariani prototype innovation-product processing. Mesame -inovatsia-stage technology company developing the process, which is also supported by the balance of the first to release a new product, quality and price.

Keywords:Technological innovations, innovation-product-technology innovation, Teknologiuri progress, technological innovation delay, the maturity level of technology, management, technological innovation, innovative entrepreneurship

REFERENCE:

A Samadashvili. Technological innovation and entrepreneurial management. Publishing House "Technical University", Tbilisi, 2009. p. 239;}

D.L. Babcock “Managing Engineering Technology: An Introduction to Management for Engineers”, 2nd edition, Prentice-Hill, 2012;

Robert Kreitner, “Management”, Tenth Edition, Houghton Mifflin Company, (2007);

N. ZAVHORODNIA. ZH. DERII

INNOVATIVE DEVELOPMENT OF FOOD INDUSTRY IN CONDITIONS OF INSTABILITY IN UKRAINE (p. 51-58)

The article examines innovative mechanisms for the effective development of food industry in Ukraine, which include the efficient use of raw materials base, logistics space of finished products consumption, natural conditions, as well as scientific and technical potential.

Key indicators that exhibit instability in production and business activities of enterprises and extremely low competitiveness on domestic and foreign markets of both the enterprises and the state as a whole have been analyzed. One of the main reasons for this state of the domestic economy is that the management processes in most industrial enterprises continue to suffer the burden of the old management principles.

The factors of integration into the global economy and the need to include these factors in addition to the factor of influence global processes, macro and micro levels have been concerned.

Analysis of the consumption basket of the average Ukrainian and clarifications about the need to promptly review and make changes to its structure have been suggested.

The idea that Ukraine has great potential for the implementation of the mechanism of innovations introduction in the food industry. Changing has been developed of legislation the system and institutional foreign economic activity management component are capable for giving a new impetus to the development of Ukrainian food industry.

L. SHIMANOVSKAYA-DIANICH. B. GECHBAIA

INNOVATION AND INNOVATION ACTIVITY AS A DRIVING FORCE FOR DEVELOPMENT SOCIETY AND ECONOMY: PHILOSOPHICAL AND ECONOMIC ANALYSIS (p. 59-67)

The article investigates the phenomenon of innovation in today's realities and, above all, not so much in the context of a narrowly applied scientific importance in areas such as economics, political science, sociology, cultural studies, etc., but in a more general - theoretical terms. We describe the three main, in our opinion, the socio-cultural model of philosophical understanding of innovation processes: models of the Renaissance, Modern Times and the post-industrial stage of civilization development of the society. The article presents the results of socio-economic analysis of the philosophical and innovation as the driving force of development of society and the economy and the main characteristics of the innovator.

Keywords: innovation, innovator, innovation, activities, model, society, economy, development

 

REFERENCE:

Долан Е.Дж. Микроэкономика: пер.с анг. / Э.Дж.Долан, Д.Линсей. – СПб.: Санки-Петербург. Оркестр, 1994. – 239 с.

Ключевський В.О. Русская история. Полный курс лекций: В 3 кн/ В.О. Ключевский. – М.: Мисль, 1993. – Кн..1. – 590 с.

Князев В.Н. Человек и технология (социально-философский аспект)/ В.Н.Князев. – К.:Либідь, 1990. – 175 с.

Князева Е.Н. От открытия к инновации: синергетический взгляд на судьбы научных открытий / Е.Н.Князева // Эволюция, культура, познание. – М.: 1996. – 206с.

Коновалов В.М.Инновационная сага/ В.М.Коновалов. – М.: Вильямс, 2005 – 186 с.

Косарева Л.М. Рождение науки Нового времени из Духа культуры / Л.М.Косарева. – М.: Ин-ь психологи РАН, 1997. – 360с.

Крючкова С.Е. Инновации: философско-методологический анализ / С.Е.Крючкова. – М.: МГТУ СТАНКИН, 2000. – 186 с.

Культура епохи Просвещения: сб.ст. / отв.ред.К.М.Андерсон. – М.: Наука, 1993. – 255 с.

Лоренц К.Агрессия (так называемое зло) / Пер.с нем. Г.Швейника. – СПб.: Амфора, 2001. – 305 с.

Лужков Ю. Российские «законы Паркинсона»/ Ю.Лужков. – М.: Вагриус, 1999. – 137 с.

Маклюэн М. Галактика Гуттэнберга: становление человека печатающего / М.Макл.эн; перевод И.О.Тюриной. – М.6 Фонд Мир, 2005. – 495 с.

Маклюэн М. Понимание Медиа: внешние расширения человека: (пер.с англ.)/ М.Маклюэн. – М.: Жуковський: Канон-пресс-Ц; Кусково поле, 2003. – 464 с.

Манюшис А. Виртуальное предприятие как эффективная форма организации внешнеэкономической деятельности компании (Электронный ресурс)/ А.Манюшис, В.Смольянинов, В.Тарасов. – Режим доступа: <http:www.ptpu.ru/issues/4_03/16_4_03.htm>

Маслоу А.Г. Дальние пределы человеческой психики/ А.Г.Маслоу. – Спбю: Евразия, 1999. – 430 с.

Многоликая глобализация: культурное разнообразие в современном мире / под ред. Л.Бергера, С.Хантингтона. – М.: Аспект Пресс, 2004. – 378 с.

Никитин Л.Н. Формообразующие факторы культуры ХХІ в. // Інтелект. Особистість. Цивілізація: Темат.зб.наук.пр. – Донецьк, 2006. – Вип..4.

Николко В.Н. творчество как новационный процесс (философско-онтологический анализ)/ В.Н.Николко. – Симферополь: Таврия, 1991. – 189 с.

Новая постиндустриальная волна на Западе. Антология / под ред.. В.Л.Иноземцева. – М.: Akademia, 1999. -640 с.

Палмер Дж. Эволюционная психология. Секреты поведения HomeSapiens/ Дж.Палмер, Л.Палмер. – СПб.: Прайм-Еврознак, 2003. – 384 с.

Паркинсон Н. Законы Паркинсона: Сб.: Пер.с англ. – М.: Прогресс, 1989. – 318 с.

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L. ZLOTNIKOVA

METHODOLOGICAL ASPECTS OF VALUE OF WORC IN INNOVATIVE ECONOMY (p. 68-76)

In article an attempt on the example of the relation of the humanity and practice to work to formulate problems of determination of its value is made. For a long time work is identified with a simple factor of production. Its price is in direct dependence on the benefit received by the producer. Basic distinctions between the capital, the earth and work are outside scientific interest so far. Importance social components, processes of socialization admits the basic at the verbal level. System researches of formation of human qualities, maintenance of high intellectual working capacity are practically not carried out. The state policy of innovative development of economy is carried out in the conditions of contradictions between intellectual and physical work. On the one hand, the innovation is a result of effective use of intellectual potential. And about other brainwork it is estimated below physical. The existing theory and practice of a salary strengthens the designated contradictions, slows down formation of human qualities which provide innovative development.

 

 

N. MAKHARADZE

MARKET OF INNOVATIONS AND ITS FEATURES ON MODERN STAGE (p. 77-81)

Researching innovative market is important for functioning of innovative activity. At the present stage marketing research focus on satisfying the requirements of customers, which requires creation of new product and regulation of innovative market.The new production is important and decisive factor of innovative market, which must ensure the implement of modern scientific and technological achievements in practical application and exporting new product in the market.

Searching innovation ideas and detecting opportunities of new scientific results on the market takes place on the fundamental, exploration, research and development stages. The experience of the developed countries shows that the country’s economic progress is stipulated by innovations, which begins with conducting fundamental researches.

 

L. TSETSKHLADZE

INNOVATION – DETERMINING FACTOR OF BUSINESS COMPETITIVENESS (p. 82-86)

In the last decades innovative processes and their impact on business gained researchers’ big attention. Innovations are considered as a powerful force for overcoming economic challenges and crises. In modern fast-changing and competitive environment innovativeness is necessary for survival of an enterprise. Innovative products and services are important factors for raising effectiveness of enterprise, employment, investments, product quality and exports as well as they reduce labor and material costs. All this in turn ensures raised competitiveness of enterprises in internal and external markets.

 

G. MAMULADZE

SOCIAL RESPONSIBILITY, AS A SIGNIFICANT FACTROR TO IMPROVE THE COMPETITIVENESS COMPANY - (p., 87-93)

The article explored and analyzed the theoretical and practical aspects of social responsibility, Highlights its role as a business, as well as the socio-economic development. It has investigated social responsibility of the current situation, as an European and American, as well as the companies; Various companies represented some measures reflecting the social responsibility, which in recent years has been carried out (implementing) in Georgia with the support of some company.

The paper also analyzes one of the forms the social responsibility - Charity. The most featured companies are identified, which now in Georgia implementing the activities by the charity direction and demonstrates the charity faulty points of the Georgian companies. Also it has been studied and discussed the main directions of the charitable activities of the West and the US example.

At the end of the paper, in the form of conclusions, the report states that while the market competition is high and it is growing daily, To maintain and further strengthen its position in the market, companies need to pay special attention to corporate social responsibility issues and problems, because the social responsibility gives trust and loyalty to the company as it is the guarantee of a successful and sustainable future.

Companies need to understand that to succeed they should be guided by the highest standards
of corporate social responsibility and carry out reporting to the public. Taking in to account the represented suggestions will promote social responsibility awareness.

All this will increase the tolerance of consumers and the competitiveness of businesses.

Key words: competitiveness. Corporate Social Responsibility. Image. Reputation. Charity

Article is written in Georgian

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E. JULAKIDZE

MODERN MOTIVATORS OF SUCCSSFUL MANAGEMENT - (p., 94-99)

The main challenge of the modern management is not only identifying the current changes into the business environment, but also foreseeing and conducting the correct reaction regarding to them. Changes are happening through different directions. Accordingly, the main reason of managers, willing to achieve success is to acquire the full information about all of positive and negative entrepreneurial circumstances and
combine them to the company`s strengths and weaknesses, to exercise the company`s adaptation towards the changes and to achieve the success as well.

In order to achieve the success, first of all, we have to define the success indicator of our
acting industry. Or what indicator implements success`s achievement through the industry and
what we should do for our company to have the best index of this indicator.
Here it must be said, that guessing the success`s indicator isn`t a problem. Defining it
is possible with an external observation of powerful rivals. But it`s far too hard to define, on
what kind of factors is based their advantage.

We suppose, that for success in the company, one of the important is human relations and all
of the motivators, which encourage the improvement of these relationships. Moreover, other
factors acquiring the competitive advantage (Making the high-quality production, Offering
the highest-quality consumer service, achieving less costs comparing with competitors, easy geographic location, production with better design, creating better image to the company) has no sense if the staff`s competence isn`t correctly applied. The point is, that during the recent decades in the company resource`s triad (human, material and financial resources) according to the company`s business environment, development aims and plans were changing each of their strategic meaning, but now, as the main source of company`s success is regarded the possibility of human resources. Truly there is no doubt in it, that implementing technological or organizational innovations bring the desired result only in that case, when the existed innovation is integrated and coordinated with staff policy.

For implementing the successful management, in our opinion, it is necessary, that the modern manager should be rational authority for the stuff; The manager should have ability to see the business strategy; There should be sharply increased factors of trust and respect between the manager and the staff; There is a need to ensure the staff with system motivation and being them as a group; It is necessary to create the relevant working conditions for staff, etc. because they represent the modern human, like person and accordingly the key motivators of their management.

So, when the case is about the company`s successful management, as a whole on principle it can be said, limiting the investments through human resource branch, ignoring the factors of trust and the respect, staff`s inappropriate motivation, decreasing the care on them and social vulnerability is returning like the boomerang towards the company`s development and its success.

Key words: Successful management, competitive strategy, change forecasting, strategic vision of a business, competitive advantage, the success indicator, reliability and respect, systematic motivation, human capital, staff cooperation.

Article is written in Georgian

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M. GOGIDZE, N. LIPARTELIANI

WHAT KIND OF CORPORATE WAS AND IT IS THE GEORGIAN MANAGER? - (p., 100-105)

The new business era has started a long time ago. Its cause is global competition, also the fastest development of the technologies, the unvarnished flow of information, values shift, etc. At the present stage, the only way for successful development of the business is complete orientation on the management of innovations and changes. At the end of the last century, the global political and economic transition, started in Georgia, caused important changes in the implementation of industrial, commercial and other economic activities. There was increased the number and volume of business firms and enterprises. What kind of corporate leader is the Georgian manager? To understand, there were interviewed various managers, working in enterprises in Shida Kartli, between them: “Gori Feeding Cannery Kula”, “Gori mill enterprise "Forte", now "Carmen", Gori apple processing plant, Mejvriskhevi factory, Ateni Winery, Gori University Dairy factory "Nebiera", “Samegobro" - Dried fruitprocessingfactory, Gori Central Hospital “Gormedi” and the Gori Municipality. According to the survey, there were identified problems chain, which hamper the Georgian managers to become successful corporate leaders. The time has come when it is necessary, the organizations and enterprises run by the top-level managers: seemingly modest, humble, less fussy, and at the same time, if necessary, courageous, hardworking, self-sacrificing her own organization, inwardly strong, strong will have people. People differentiating the best human qualities and aims to prevent that form not good, but for most organizationsfor which we will give appropriate recommendations at the end of the research.

Keywords: Management, Leadership, Competition, Innovation, Strategy, Professionalism, Transformation, Tolerance, Risk, Duty.

Article is written in Georgian

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E. ROMANENKO, I. CHAPLAY

LEGESLATIVE BASIS OF MARKETING ACTIVITY OF THE PUBLIC AUTHOTITIES - (p., 106-110)

           

The article describes the legal basis of the organization of marketing activities of public authorities, through the analysis of foreign and domestic regulatory frameworks. Central contradictions of the marketing activities of public authorities, which need to be addressed with the help of the introduction on the legislative level, the relationship to the citizen as a consumer client are formulated.

Keywords: legal frameworks, marketing concept, marketing activities of public authorities, administrative services.

Article is written in Georgian

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N. VDOVENKO

THE INTEGRATION OF AGRICULTURAL SECTOR INTO THE GLOBAL ECONOMIC SPACE IN TERMS OF ORIENTATION ON FOOD SECURITY - (p., 111-120)

Significant consumer demand for fish and fish products in recent years contributes to the choice of ways for the development of the fishing industry as a component of the agricultural sector, which associated it with food. Such steps are currently being implemented through diversification of fisheries into the direction of aquaculture development with the simultaneous shift to full use of its potential in the context of globalization.

The work established that the operation of aquaculture for global food security, economic growth, hampered by a number of global problems. These include unsustainable management in the fisheries industry, differences in the utilization of natural biological resources, the use of inefficient methods of government and instruments of state regulation, failure to consider the priorities and rights of business entities engaged in fisheries production, and what makes it important to study in this field. The article describes the experience of Ukraine. Also investigated several national programmers for the development of the fishing industry. The adoption of a number of legal documents allows us to conclude that the Supreme legislative power of the country, the government appreciates the importance of the fishing industry in the development of food complex of the country, understand the need for the formation of state policy in this area in the future. Investigated previous experience of implementation of state programs, which showed that the budget did not provide the necessary level of financial support production of fish and fish stocking material.
During the study, we have studied the deficiencies of state programs for the development of fisheries, as was the attempt to support all producers, in particular inefficient and that distort competition, destroyed the foundations of the market environment, violate laws regarding the establishment of the state of equal conditions of access of fisheries to logistical and financial resources. Consequently, in the Ukraine budget policy regarding the fishing industry in recent years has been consistent enough, as in the implementation of the budget programs and the amount of funding they receive. The analysis suggests that within the budgetary program "Reproduction of water living resources in inland waters and Azov-black sea basin" is not fully agreed upon state fiscal policy with investment-innovative model of development. It is established that government funds go to the accounts of the households sector in the fourth quarter, which leads to the impossibility of carrying out reproductive works with mullets and sturgeon fish species which spawning occurs in early spring.

This work suggests ways to address technical errors in the «Order of issuance of permits for special use of water biological resources in fishery water bodies (their parts) or refusal to grant, renewal, issuance of duplicate and cancellation of the specified permissions». In this paper the developed proposals to the Draft decree of the Cabinet of Ministers of Ukraine «On amending item 3 of the Procedure for issuance of permits for special use of water biological resources in fishery water bodies (their parts) or refusal to grant», renewal, issuance of duplicate and cancellation of the specified permissions. In the development of proposals to the draft decree, during the study we proposed two alternative ways of achieving the above objectives: a) to leave the current legislation unchanged, but this method will lead to the conflict of law provisions and blocking of the permit and the implementation of the special use of water biological resources in the legal field; b) the adoption of the draft regulation will provide bringing the normative-legal acts in the field of fisheries with the requirements of the current legislation and will allow to resolve the existing conflict of law provisions. It is proved that under option 1, a decrease in budget revenues, due to the fact that fishing enterprises do not have the ability to carry out its activities. In addition, it reduces the number of entities, increases social tensions among economic entities. At the same time, under option 2, increase the costs associated with the administration of the regulatory process, public authorities and adoption of the draft resolution. According to the results of a study of alternative means of achieving the objectives of state regulation made the choice of an optimal alternative method based on a point system assessing the degree of achievement of goals.

The suggested price points to determine the four-point evaluation system to achieve certain goals, where: 4 - goals the adoption of regulatory act that can be fully achieved (the problem would not exist anymore); 3 - purpose of the adoption of the regulatory act, which can be reached almost completely (all the important aspects of the problem will not exist); 2 - goals the adoption of a regulatory act, which can be partially achieved (the problem is significantly reduced, some of the important and critical aspects of the problem will remain unsolved); 1 - purpose of adoption of regulatory act that cannot be accomplished (the problem persists).

Keywords:regulation, branch, agriculture, manufacturing, aquaculture, exemptions, market, development

Article is written in Russian

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N. CHIKHLADZE, G. UGULAVA

THE ROLE STRATEGIC PLANING IN LOCAL TERRITORIAL DEVELOPMENT - (p., 121-128)

In the process of establishing market relations and their improvement the state's role in the economy has declined. This gave rise to some imbalances and problems in the economic development of the territorial units. Economic shifts in Georgia are characterized by the destruction of the old, inefficient, strict directive planning system. Fast denial of un alternative planning in some cases led to negative consequences. In developed countries, on the contrary - interest in strategic planning as defined instruments private and public effortshas grown. The strategic planning gained popularity in the 1980s, in the number of European countries.. This was due to increasing competition and complicated management mechanisms. The paper deals with the positive role of strategic planning in the local territorial development.

 

Key words: planning, competition, management, territorial development, economic growth, the directive planning, analytical tools.

Article is written in Georgian

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G. ERKOMAISHVILI

MEDICAL WELLNESS RESORTS – BRAND CODE OF GEORGIAN IN THE WORLD - (p., 129-133)

The Paper studies and analyzes wellness tourism, as one of the directions of tourism. There is the newest niche in wellness industry – triggering wellness resorts with medical ideology. The paper discusses the development tendencies of medical wellness resorts in Georgia and its main economic preferences. The main finding of the research is that Georgia is unique place in the world according to the variety of medical recourses. This makes opportunity to create and successfully operate medical wellness resorts and form it as a brand code of Georgia in the world.

­­­­­­­­­­­Keywords: Wellness, Wellness Industry, Wellness Industry newest niche, Medical Wellness Resort, Brand Code of Georgia, Wellness and Wellness Industry.

Article is written in Georgian

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G. SHANIDZE

TOURIST BUSINESS SHOULD BE DEFINITELY DEVELOPED AT THE LEVEL OF THE REGION TOO - (p., 134-138)

Developing tourism and its infrastructure in the regions of the appropriate potential is the main supporting factor for regional development in Georgia.Together with the state it is important to involve scientific institutions in working out activities that support tourist business.

In Imereti region together with the state structures educational institutions began an active participation in developing activities supporting tourism development.A clear example is that Kutaisi University made a tourist market research in the frames of grant inside the university and worked out a recommendation for the Kutaisi government. From February 2015 to August 1012 foreign tourists filled the questionnaire.

In order to make tourists stay longer and spend more in the region it is important to identify new tourist destinations and their popularisation, arrange international activities and festivals, improve the service and etc. While visiting Kutaisi the main tourist activities are the following: to see the nature, to taste national cuisine and to visit historical sights in the city and its surroundings. A tourist spends on average 150 -200 laris during the stay in Kutaisi mainly on accommodation and food.

Due to the research results a recommendation was worked out and offered to the Kutaisi government.

Key words: tourist business; research results; tourists costs; the main tourist activities; National Tourism Administration; tourism potential of Kutaisi; Recommendations

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R. JABNIDZE, N. JABNIDZE

PLSNING OF AGRO TOURISM IN GEORGIA AND ITS SUSTINABLE DEVELOPMENT - (p., 139- 142)

Sustainable tourisms provides fair distribution of incomes and expenses. Products of agro tourism should be exported to international market mainly by tour agencies because the population cannot afford direct marketing, financing the advertisement abroad or purchasing products on the internet. The existence of tour operation is necessary. Agro tourist product should be affordable because main motivation of rural tourism is a relaxation with les comport but environmentally clean and nice atmosphere.

In order to select villages and host for agro tourism tour agencies should have a list of necessary conditions after satisfying of which the specific house will be included in the list of accommodation means. These means include: Place safety, beautiful nature, landscape. It is desirable that the house and yard of the peasant had a national image and the following elements of infrastructure: separate sleeping-room, and a toilet. Foreign tourist pay a great attention to the existence of historical building and other sightseeing in the village. Informational – advertisement material should be prepared by taking consideration of foreign analogues

Key words: Agritourism, Rural population, Economic problems, Georgian Territory

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A. VERBYTSKA

THE IMPACT OF EUROINTEGRATION PROCESON THE STATE POLICY IN THE SPHERE OF HIGHER EDUCATION OF UKRAINE - (p., 143-151)

Nowadays higher education in Ukraine meets a number of challenges: insufficient funding, a weak connection with the labor market, missing of quality etc. Higher education institutions must be effective to succeed in research, to provide best academic practices and high quality of studies.

The purpose of the paper is to analyze the the impact of impact of Euro integration processes on the state policy in the sphere of the higher education of Ukraine and to determine the ways of adaptation of the best European practices to the the state policy in the sphere of higher education of Ukraine.

Benchmarking is crucial for the whole higher educational system as the method of searching for best practices that enables the achievement of the best results by learning from the others, using their experience and collaborating with them. To be appropriate to the educational system, research methodology includes external benchmarking and benchmarking of processes.

Benchmarking being a part of good governance principle in higher education is valuable research both in Ukraine and internationally (e.g. European Benchmarking Initiative). The benchmarking program boosts quality of Ukrainian higher education system, university strategic profiling and performance improving for ensuring the life-long-learning principles in Ukraine.

Key words: public administration, mechanisms of public administration, higher education, state policy in the sphere of higher education, reformation of higher education, educational policy, educational benchmarking.

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A. DEVADZE, N. GVARISHVILI

ABOUT DEVELOPMENT OF ECOLOGICAL TOURISM IN GEORGIA - (p., 152-156)

Georgia belong to number of those interesting countries, where on the small areas there’re is a natural diversity of different climate zones. In just a short amount of time a tourist can go from desert tu subtropics or tu swim in the sea and then go mountain-skiing. In recent years, government is bringing big attention for developing and maintaining ecological tourism.

Tourism has a great potential in developing Georgia’s economics. It helps the social-economic development of the regions of Georgia and improvement of people’s level of lifestyle. For the world’s tourism markets, Georgia is the fresh new, green direction. According to modern tendencies, tourists choose green countries because of their wildlife and ecologically clean environment. Despite the fact than Georgia has big ecological resources, practically there is not enough tourist products or important services.

On this level Georgia is on its new stage of development and this process is going in slow temps. The case that Georgia has a great tourism potential is not for arguing but this ancient country is new and undiscovered for many tourists yet.

On the basis of analysis of inner and outer factors which get in the way of tourism development, it is stated by the authors, that all means should be made to strengthen the weaker point/factors and to use the stronger sides for better abilities and potentials.

This work shows the opinions of the authors about the strategic directions for eco-tourism development in Georgia.

keywords: ecological tourism(eco-tourism),Georgia, environmental safety, foreign investitions, preserved territories.

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E. GVARISHVILI, E. KHVEDELIDZE

TELEMEDICINE AS A TOOL TO THE EFFICIENCY OF THE DIAGNOSTIC AND TREATMENT PROCESS - (p., 157-163)

The aim of this work was the disclosure of the role of telemedicine in health care as a new direction in the modern world. The objectives of my work include coverage issues such as trends in the world of telemedicine, the need for information standards in medicine, the use of videoconferencing in telemedicine, consideration of telemedicine as a tool to improve the efficiency of the diagnostic and treatment process, the possibilities of telemedicine technologies.

Telemedicine technologies are the most promising tool for improving the efficiency of work in medical institutions (MPI). To realize the benefits introduced by the use of telemedicine, it is possible only within the framework of the medical system, which has developed infrastructure:

• an integrated information system of medical institutions, based workstations, local area networks, databases and knowledge bases;

• operational communication systems with the necessary bandwidth and the possibility of access to the global communications network.

Regional Telemedicine Network (hereinafter referred to TMS) is designed to solve problems of diagnosis, treatment and rehabilitation, as well as the dissemination of knowledge and expertise among the medical staff at various levels. Thus, TMS is the basis for building a single information space, which brings together all the elements of the regional health system.

TMS integrates all types of healthcare institutions - central and regional governments, central, regional and district clinics and hospitals, medical academies and institutes, archives and libraries, and other health care facilities.

So, telemedicine - it is the direction to the junction of several fields - medicine, telecommunications, information technology and education. Telemedicine has been developed in many countries around the world, proved in practice to be highly effective, and has a comprehensive positive impact on the health structure, improves the quality of care and enhances general practitioners, primary health care.

In addition, telemedicine facilitate cooperation between healthcare organizations, it allows you to organize an effective system of training of medical personnel. Telemedicine priority development objectives were identified, among which are called standardization applied medical, computer and telecommunication technologies, development of information resources.

But the direction is quite new, especially in Georgia. Although it should be noted that every day there are more really good really working telemedicine systems and networks. But they need a lot more in order to solve the problems associated with high-altitude areas and fairly low-density population of Georgia. The best way - unification of efforts of telecommunication companies, health care managers, employees of medical institutions, experts on health insurance, medical research institutes, educational institutions and development companies in the field of telemedicine solutions. In the event of such a merger might prompt decision complicated medical, organizational, financial and legal problems. This association is necessary for the effective development of such promising areas as telemedicine.

Keywords: Telemedicine, telecommunication, managers, especially, association

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SECTION: FINANCE AND BANKING POLICY

L. ELIAVA

FEATURES OF REFORMING THE BANKING CRISIS ECONOMIES - (p., 164-169)

The work analyzes main features of the origin and development of the banking crisis in the emerging economies. It is proved that the impact of economic cycles on the development of the banking crisis is manifested in three main phases. First, inflationary phase, coinciding with the initial stage of economic reforms, the inflation impact on the banking sector in several directions.The second phase begins with the financial order, a reasonable monetary policy and financial stabilization. Third, in the credit boom phase, credit expansion is quite strong provocation of the banking crises. To propose to mitigate the negative effects of banking crisis gives organizational and methodical recommendations.

Keywords: banking crisis, economic cycles, finantial liberalization, inflation, devaluation, crediting.

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D. BIDZINASHVILI

ONLINE LOANS – ADVANTAGES AND DISADVANTAGES - (p., 170-174)

Georgian consumers have been enjoying for several years online loans. No wonder, online loan is quick and easy. He fingertips whenever you need and helps you when you do not fit most, but many people wonder how reliable this or that company. Users interested in, how can you possibly believe the borrower, which is so easily and quickly, almost without any money issue?

Loan-online users issuing organizations, basically, are the people who are in urgent need of money and are forced to take out a one-sided terms of debt, which at the moment it is of vital importance.

Online Creditscale organizations in the country due to the poor economic conditions, low levels of user awareness of these companies and the aggressive marketing campaign.

Online Creditorganizations will further increase the country's social situation, leading to the bankruptcy of individual families and personal tragedies. Onlainsakredito organizations unjustified in its economic sense, 1000% interest rate with a product may not be any positive effect on the economy, on the contrary, if you are a beginner or a similar loan products, the entrepreneur will benefit from the bankruptcy of a chance to grow. Such instances abound in our reality.

Keywords: Online-loans,Overdue loans, Microfinance institutions, Inflation, Pawn service, GEL functions, The annual effective interest rate, Debt, Credit history, Lien, Bankruptcy.

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M. KHIDASHELI

FOR BETTER UNDERSTANDING OF FREE MONETARY SYSTEM - (p., 175-180)

 

Since 2008 financial crisis Federal Reserve System has purchased vast sums of bonds - of $4, 5 trillion. For better perception of Q.E. programs, it should be mentioned that, total assets held by Federal Reserve until 2008 was less than $ 1 trillion.

As last researches of the CATO Institute show, there is no scientific evidences, which claims Q.E. programs impact on the real economic and employment. Amid of Q.E. programs failure, we see media campaign against physical cash. The official reason of “war on cash” is preventing criminal and terrorism by constraining financial support. 25-year investigation in 90 states showed that, there is very small amount of bribery and criminal cases where payments are made by cash, in most cases there are involved banks. Hence, we could have doubts about above mentioned reasons of a cash prohibition. Real aim of the campaign may be disguising inherent problems of current financial system and Q.E. interventions by applying negative interest rates on private deposits, for forcing investment and growth. It will be one more populistic monetary experiment (after Q.E. failure) for saving fractional reserve banking and fiat money system which finally breaks principles of free market.

Instead of translocation an existing financial system into digital environment, we can discuss different reality, another way of the evolution, which was explained in 1992 by Milton Friedman „The Island of Stone Money“, The population of Yap uses big round stones (heavier than a car) as a money. Stones are collected in the remarkable place and according to trade results, part of stones change an owner, but location of stones remain the same. Beyond the external forms, this is an example of free monetary system, which is operating without any central authority and monetary interventions. Anonymous programmer with nickname Satoshi Nakamoto solved the problem of external forms in 2009, by creating of bitcoin.

Now Mankind is on the crossroad of strategic importance, it will remain in the inherently incomplete monetary and financial system of fiat currencies or it will build a free monetary and financial system according core principles of bitcoin ecosystem, where populist politicians will not have a power and ambition to plan GDP, inflation and other growth rates.

KeyWords: Monetary system, Fractional reserve Banking, Cripto Curency, Business Cycle, Quontitive Easening.

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L. DUBIVICKA, T. VARCHOLOVA

RELATIONSHIP BETWEEN PERFORMANCE AND LIQUIDITY ON AN EXAMPLE OF SELECTED INDUSTRIES IN SLOVAKIA (p., 181-187)

Performance and liquidity are the two areas, on which financial analysts most focus. The article dealt with the explanation of potential relationships between performance and liquidity measures and conclusions derived from these relationships. After theoretical analysis computations were performed for two industries – ISIC 28 - Manufacture of fabricated metal products, except machinery and equipment and ISIC 31 - Manufacture of electrical machinery and apparats. The results of these computations in most cases confirm the hypotheses suggested by the theory.

Key words: Financial analysis of enterprise, performace of enterprise, performance measures, liquidity, liquidity measures, relationships among performance measures, relationship between performance and liquidity measures

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L. ADAMAYTIS

FINANCIAL STATEMENTS OF COMMERCIAL ORGANIZATIONS AS THE BASIS FOR FINANCIAL MANAGEMENT DECISIONMAKING - (p., 188-191)

The financial management of the company, making the right decisions to external stakeholders is determined by the quality of information support of the analysis, in which special role is played by the accounting (financial) statements. From the perspective of content and analysis of the accounting reporting of the Russian Federation in article the main areas of decision-making as the formation of the target capital structure, liquidity management of assets and liquidity of the balance sheet, the profit and re-investment (dividend) policies, accounting policies are generalized and included, the role of forecasting and preparation of forward-looking statements in making managerial decisions is discussed.

Keywords: Accounting (financial) reporting, regulatory reporting in the Russian Federation, management decisions, target capital structure, financing sources, assets, liquidity, profit, and reinvestment policy, the forward-looking statements. 

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A. DEVADZE, S. DEVADZE

FOREIGIN INVESTMENT PROMOTION USAGE ISSUES IN GEORGIA - (p., 192-198)

Elaboration and realization of the State Investment policy is one of the most important directions in economical reforms for Georgia, as an independent state oriented on the market economy. This fact will promote states economical growth and effectiveness.

Foreign investments will make essential effects on states economical transformation; will improve Georgia’s economical distorted structure; will make high teq enterprises; will reform basic funds and many enterprises; will use country’s most qualified specialists; will introduce innovations; will fill the local market with national production.

Nowadays, investments are the most realistic levers for the country to overcome the crisis and enter the revival period after a long depression; the fact that government has made the steps towards investment process activation in last period means that the above mentioned was well analyzed and understood by the government.

From the point of view of foreign experts the overall investment climate in Georgia is quite profitable, but there still are serious difficulties in financial risks; some errors in tax code and insurance fields that partially impede the foreign investment inflow. On the other hand Georgia is quite attractive market for the foreign investors depending on the business climate indicator; country has enough market potential, as well as native and labor resources.

In order to promote foreign investments in Georgia’s priority spheres, it is advisable to use financial-credit and tax stimulus, as well as non financial methods; for example making a comfortable and goodwill atmosphere for the foreign capital functionary with all the information, management services, transportation; different types of communication; banking services and all the elements of market infrastructure.

Keywords: Georgia; foreign investments, State investment policy, foreign investment promotion; investment climate; investment activity; direct investments.

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S. SHKARLET, M. DUBYNA

RESEARCH OF THE INFORMAL FACTORS ROLE IN THE DEVELOPMENT OF THE FINANCIAL SERVICES MARKETS - (p., 199-208)

Within the article essence of the informal factors and their role in the development of economic entities , in particular in the functioning of the financial services markets, was analyzed. The essence of such market was defined. Aswellthefactors, thatinfluenceonthedefinedmarkets, were divided into two groups : global and national, among which national factors were researched in more details and they were ranked into such groups: political, social, economic,informational, historical and psychological, the factors of each of the group were determined. Special attention is paid to the defining of the essence of informal factors and their nature. To their number the following were related: trust, customs and traditions, civic culture , stereotypes, lifestyle, ethics, level of economic thought, mentality. Deep attention was paid to the influence of trust on the development of the financial services.

Keywords:thefinancialservicesmarket, financialintermediary, informalfactor, formalfactor, financialservice.

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SECTION: SOCIAL ECONOMY

 

J. ARCHVADZE

THE END OF CHINA’S ONE-CHILD POLICY - (p., 209-214)

The leaders of China, which represented the country with the largest population in the world, in early 1980s created a state systemic policy, which aimed to regulate the growth of the population of the country and the name of the policy was: One family-one child. This was in the modern world the biggest and the longest demographic regulation process on the state level, which realization continued 35 years. By using of administrative and economic methods, it was possible to stop the uncontrolled growth of china’s population; it helped regulation of birthrate, growth of an average age for marriage, increase of educational-hygienic knowledge, women’s broad involvement in economy. Although this process was followed by increase of negative factors, such as-population’s aging, deficit of workforce, imbalance between the genders, especially in the fertile years.

Because of all these factors, the mentioned policy was declared finished in October 2015 and China was switched to more liberal model of social-demographic development.

Keywords:Demographics, Demographic Policy, Demographic aging.

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I. CHKHAIDZE

FACTORS AFFECTING THE PROVISION OF THE STATE PENSION SYSTEM - (p., 215-219)

 

“Common Public Welfare” is the basic service, provided by the country, which is delivered equally to all the members of society and does not exclude assumption from their side, about which part of society gets mostly the right for this type of public social welfare. (Defense, Health Care and other services, provided by the state in different spheres).

The main object of social welfare in this topic is the process of reforms taking place in the state pension system. State pension system provides all the pensioners as well as the people waiting for being pensioners, with the monthly minimum wage, in order to ensure their minimal means of subsistence. Besides the fact of raising pension amount, inaction of differentiate principle of pensions is taking place, which is the result of the lack of social security fund, inflation processes, the reduction of population, dating from the 90s of the 20th century, which are caused by the high mortality indicator, low indicator of birth-rate and migration processes. For reducing all the above mentioned processes, it is important to stimulate birth-rate, to reduce mortality and implement an active demographic policy.

Thus, the country's demographic development, migration and natural population movement has an important impact on the socio-economic development, what about social factors, it is directly related to the pension system, the problem facing not only Georgia, but many other developed country.

Keywords: “Public Social Welfare”, “The principle of economic continuity”, Pension system.

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A. TSINTSADZE, T. GHOGHOBERIDZE

THE ROLE OF BUSINESS SOCIAL RESPONSIBILITY IN MANAGING THE SOCIAL RISKS - (p., 220-224)

The transition to market economy reduced state support on governing social-economic process and some extent, the burden imposed on business, but business was completely unprepared for it and still a policy of social responsibility is not realized as well as in the developed countries. In the work for study of the CSR question it is established the essence of social risks and it is identified the risks, which must be managing by the business and the government should be run too. In all time the business subjects were caring about their welfare, only economic benefits were perceived as the aim of activities from them. Rate of social return, which reflects the social costs are not monetarism   and therefore it is not interesting for business. On the bases of “egoism “and “intelligent egoism” theories, it is explained the directions of social responsibility policy, the article deals with social responsibility of the banking sector and it is formulated the recommendations on the bases of taken measures.

Keywords: Social risk, Egoism, Intelligent egoism, Tax relief, charity, Altruism

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