The Main Challenges of the Georgian Economy Under Confrontational Globalization

,; Papava, Vladimir

doi:10.55896/978-9941-8-5764-5/2023-8-18

Cited by 2 publications

(1 citation statement)

References 21 publications

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“…In the studies and publications by various authors, modern globalization is discussed by putting forward its individual aspects [2], [3], [4], [5], [6]. However, it is important to have a systematic representation of the global process and to reveal new challenges to individual countries [1], [7].…”

Section: Literature Reviewmentioning

confidence: 99%

Global Sustainable Competitiveness for Countries on the Way Toward EU Integration

Bedianashvili,

Kokhreidze

2024

TEM Journal

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In modern conditions, the challenges caused by the growth of uncertainty lead to the formation of new conceptual views on the competitiveness of countries and the high importance of their practical application, which is especially relevant for countries on the path of integration into the European Union. This article delves into the issue of competitiveness within countries' socio-economic systems, considering the influence of contemporary confrontational globalization. It argues that the concept of global sustainable competitiveness, along with its corresponding model, is fitting for addressing these challenges. The research is based on empirical methods, such as panel regression and structural equation modeling. This model concept can be used as a methodological framework in the process of building policies increasing competitiveness of the country. The results of the study are interesting for the systems representation of the problem of sustainability of the countries on the way to the EU membership, for the formation of the appropriate mechanisms for rise of promoting their sustainable competitiveness in the face of modern globalization.

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Section: Literature Reviewmentioning

confidence: 99%

Global Sustainable Competitiveness for Countries on the Way Toward EU Integration

Bedianashvili,

Kokhreidze

2024

TEM Journal

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The Main Features and Characteristics of the Post-Pandemic Period of the Economy

Archvadze

2023

International Scientific Conference "Human Capital, Institutions, Economic Growth"

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The article discusses the changes that have taken place in the process of globalization and public life in the post-pandemic period. It is emphasized that there is not the end of globalization, but the transformation of the globalization process, the slowing down of the globalization process instead of hyper-globalization and the formation of new political, military and regional ties and alliances under its roof: the process of aggressive globalization is replaced by the open protectionism of countries, the formation of financial and economic blocs and the corresponding With an industrial policy based on a regional principle and a certain ideological concept, narrative, value system and segmental or systemic convergence of economic interests. This was caused by such processes and events of global importance, such as the Covid pandemic, the growing US-China competition and the Russia-Ukraine war. In the mentioned conditions, the national states are not gradually regaining their political positions, but they are moving to a "strategic attack" in terms of exercising their rights, capabilities and influence and control over the members of the society. At the same time, the role and importance of transnational corporations is growing significantly. All this leads to an increase in the contradiction between, on the one hand, the practical realization of the spheres of personal freedom and sovereignty, and, on the other hand, the strengthening of the role of the state and transnational corporations. The activation of the state and its growing role in redistributing the national product also has a negative effect: the growing role of the state not only restricts the market, but also seriously damages competition as a development factor. - Guaranteed orders, provision of keys to products produced on the basis of state funds, etc., puts certain privileged businesses and others in a priori unequal conditions, strengthens the feeling of injustice in society and has a negative effect on ensuring social stability and sustainable development. Under the conditions of using modern technologies, on the one hand, the speed of movement of resources from one corner of the earth to another will increase, and on the other hand, the role of local resources in achieving the final results of production will increase, which is expressed in the transition from absolute globalization of production to relative localization. The pandemic gave a powerful impetus to such innovations, technological innovations as Internet-trade, delivery of goods by order, delivery of goods by parcels; Drones are increasingly being used to deliver goods to their destination, robotics and artificial intelligence are being used in virtually every field of activity. This leads to significant changes not only in the structure of jobs and employment. - At this time, along with the increase in the profits of companies and their shareholders, a considerable part of the working people remains unemployed, they become impoverished. The scale of social elevators, their speed and "carrying capacity" are decreasing. Consequently, the threat of property polarization and growing opposition between different layers of society becomes real. Rising inequality can lead to a "crisis of the means of existence". This, in turn, will lead to an increase in the number of IDPs. Forced migration may become one of the most serious global challenges in the next decade, which will act as a provoking factor for geopolitical conflicts and social tensions within countries, and will be a direct reputational and economic blow to globalization processes. It can already be safely said that the period needed to fully overcome its negative consequences will be longer than the duration of the Covid-pandemic period. Article in Georgian.

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The Main Challenges of the Georgian Economy Under Confrontational Globalization

Cited by 2 publications

References 21 publications

Global Sustainable Competitiveness for Countries on the Way Toward EU Integration

Global Sustainable Competitiveness for Countries on the Way Toward EU Integration

The Main Features and Characteristics of the Post-Pandemic Period of the Economy

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