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Journal number 2 ∘ Ramaz Abesadze

Globalization and the economic problems of the pandemic

Annotation. In the current year,the world was engulfed in a pandemic of corona virus. Countries were forced to introduce anti-virus bans, which led the national economies and the world’s global economy to a rather deep recession. The article examines the economic problems of the pandemic in the context of globalization. The article reveals the nature of the pandemic shock on the contemporary economy and the possibilities for overcoming of this issue. Keywords: pandemic, coronavirus pandemic, pandemic shock of the economy, recession of the economy, innovative development.  Introduction  The mankind remembers  a number of pandemic that led to tremendous losses for human society, both in terms of human casualties and huge economic losses. It has always been the case that there was no vaccine against the virus or no cure for the disease. We are dealing with the same situation today. In December 2019, a new coronavirus epidemic began in the Chinese city of Ukhan,
Journal number 2 ∘ Alfred Kuratashvili


. It is positive that the current government recognizes the need to build an innovative economy and takes some steps in this direction, for example: has been adopted a law on innovation; has been established the Georgian Agency for Innovation and Technology at the Ministry of Economy and Sustainable Development; was established the Research and Innovation Council; Georgia is the first country in the South Caucasus where Fablabs appeared; The first technology park was opened; Innovations are being introduced into the economy and so on. The decision of the Georgian government to increase funding for education (where science is considered) is very important. It is also important to build an international institute in Kutaisi that will meet the modern requirements of science, technology and education. It is through the implementation of innovation that the united action of humanity can solve the vital global problems that exist in the world today, including the global problem called
Journal number 2 ∘ Vakhtang Burduli


Expanded Summary  The scientific work examines in a fundamentally new way Socialism with Chinese specificity, which, according to the scientifically substantiated statement of the author, is not only no not capitalism, as erroneously seems (or may seem) to some representatives of science and politics, traditionally not understanding the true essence of capitalism, but it is not also the implementation of Marxism-Leninism in practice, because Marxism-Leninism, again according to the scientifically substantiated statement of the author, is a clear utopia. In particular, the existence and active use of private property, the market, commodity-money relations in the People's Republic of China, for some representatives of science and politics who mistakenly understand the true essence of capitalism, it seems that the capitalist system is functioning in China, since the presence in the state of private property, the market, commodity-money relations seems to them an indicator of the
Journal number 2 ∘ Paata Koguashvili Badri Ramishvili

Assessment of the optimal quantity and structure of meat consumption in Georgia

Summary. This article discusses the development of the concept of “knowledge economy” and the totality of its infrastructure components. Based on a comparison of the components of the infrastructures of the “innovation economy” and “knowledge economy”, the degree of interoperability of these concepts is established. The content of the “education” component of the knowledge economy and the content of the components of “intellectual capital”, “information sector” and “network structures”, which are both part of the infrastructure of the knowledge economy and the infrastructure of the innovation economy, are considered. Keywords: knowledge economy, innovation economy, infrastructure components of the knowledge economy, education, intellectual capital (human capital, organizational capital, relationship capital), the information sector of the economy, network structures. Introduction In the last period,
Journal number 2 ∘ Lia Totladze

The Impact of Government Expenditure on Education and R&D as Factor of Homan Capital on Economic Growth

Expanded Summary The rapid growth of meat production and consumption in recent decades is driven by astonishing improvements in economic and social situation of most countries of the world. For example, in 1961, one inhabitant of the world consumed an average of about 20 kg of meat, and almost 36 kg by 2018. Over the same period, the GDP per capita has increased about 4 times.This link between social wealth and meat consumption, in turn, is due to the fact that animal products, especially meat and meat products, have a high value, and can be affordable mostly forthe financially established population. However, if we undertake a planetary analysis of meat consumption, we will see that there are several exceptions in this respect, which is due to the local alimentary culture, ethno-religiousissues, specific conditions of meat production and other factors. For example, the so-called lacto-vegetarian and lacto-ovo-vegetarian diets excluding meat consumption. Recently, there has also been
Journal number 2 ∘ Medea Melashvili Ketevan Kveladze Nunu Kistauri

Peculiarities of education in the EU and some of its countries

Abstract The Strategies of many countries  are focused on the area of growth such  as  sustainable and inclusive growth. These goals could be realized with a good education and training system a creative industries and a great effort to create a research-intensive economy.  This couldn’t be achieved without major contribution of human capital.  This research aims study how the factors of human capital impact on economic growth.  Studying  contribution of human capital to economic growth, the main methodological problems is to choose the correct measure of human capital. Therefore we analyze three approaches for human capital measurement. We highlights  channel through witch human capital influence on economic growth. The paper tried to reveal the role of government expenditure in education  and R&D as a factors of the growth human capital  in Georgia. We have used three proxies for human capital accumulation: government
Journal number 2 ∘ Manana kharkheli Giorgi Miqeladze

Main Sources of Time Saving

Expanded Summary  Since the 1990s, the term "knowledge economy" has been widely used in Western economics by Austrian-American scientist Fritz Mahlup in 1962, who believed that natural material resources remain the basis for economic prosperity but the growth of the entire agricultural system and its development is provided not so much by external, but rather by internal, intangible factors, the most important of which is knowledge, that the main factor in the formation and development of the knowledge economy is human capital. According to UN experts, the knowledge economy is an economy where knowledge is created, disseminated and used to increase the country's international competitiveness. The existence and development of a knowledge economy can only be achieved in a society where science, as a key component, affects almost every field of economics, and the creation and use of scientific knowledge is determined not only by the demands of economic efficiency. According to
Journal number 2 ∘ Teona Makalatia

Evolution or Revolution in Accounting and Audit

Expanded Summary The article discusses the main sources of time savings.  People perceive the flow of time differently. For some it runs fast, for some it is very slow. However, in fact, time passes as it should. The only resource people have equally is time. successful people are those, who are able to use time effectively, or in other words, who can in one day do more tasks than others can. The manager is a member of group. He/she is in charge of not only himself/herself but the entire collective. However, each team member and manager have equal time opportunities, the difference is that the staff member are responsible only on their own time, and manager manages - both personal and team members time. Working conditions in the organization and Work–life balance has significant impact on the employee's job   performance.  It is necessary to improve working conditions in the workplace, for which it is needed to create comfort, approve well designed
Journal number 2 ∘ Giga Kikoria

The role of mortgage loans in the development of the housing market in Tbilisi

The purpose of this article is to discuss the opportunity for accounting and auditing in new era of technology. Technology achievements and their impact on accounting and auditing. If it’s possible to increase the current maximal level of assurance, which is reasonable assurance with much higher level.  Keywords: Accounting, Accounting Data, Audit Data, Auditing, Bookkeeping, Double Entry, Going Concern, Record Keeping, Triple Entry, Assurance, Blockchain, Smart Contracts. JEL Codes: M40, M41, M42 1. Double Entry  Data storage technology has been of paramount importance at every stage of human history. Financial accounting is also one of the forms of recording, storing and presenting reports.  Accounting has undergone a great evolution before it has reached the present day of theory and practice. Modern financial accounting is based on a Double-entry system. During the Renaissance, this system revolutionized the field of financial accounting.