What is the situation in Georgia in this regard? From the time of independence to 2021, up to 23 billion dollars have been invested in Georgia. In which sector of the economy did the largest share of incoming investments go? Were these industries a real sector of the economy? And how these investments have affected even such macroeconomic indicators as the dynamics of the gross domestic product and economic growth. Unfortunately, there are still unresolved challenges facing our country as obstacles to the growth of direct foreign investments in Georgia: 1. Underdevelopment of the capital market and stock exchange; 2. High interest rates on financial resources; 3. Political instability in the region and the problem of guaranteeing property rights; 4. Small market, low qualification of workforce and high rate of poverty; In addition to the challenges, Georgia has natural and also achieved advantages in the region: Strategic location – at the crossroads of Europe and Asia; Free trade agreement with the 2.3 billion market: EU, China (including Hong Kong), Turkey, Ukraine, CIS and European Free Trade Organization (EFTA) (Iceland, Liechtenstein, Norway and Switzerland); Low taxes. We are the 8th country in the world with the lowest tax burden. There are only 6 types of taxes in the country. as well as exemption from profit tax, in case of reinvestment of the won amount; In the case of correct use of all the above-mentioned non-piracy, it is quite possible to achieve and maintain a high rate of growth of the Georgian economy.
{"title":"THE STRUCTURE OF DIRECT FOREIGN INVESTMENTS IN GEORGIA AND MEASURING THEIR IMPACT ON GROSS DOMESTIC PRODUCT AND ECONOMIC GROWTH","authors":"","doi":"10.35945/gb.2022.14.003","DOIUrl":"https://doi.org/10.35945/gb.2022.14.003","url":null,"abstract":"What is the situation in Georgia in this regard? From the time of independence to 2021, up to 23 billion dollars have been invested in Georgia. In which sector of the economy did the largest share of incoming investments go? Were these industries a real sector of the economy? And how these investments have affected even such macroeconomic indicators as the dynamics of the gross domestic product and economic growth.\u0000Unfortunately, there are still unresolved challenges facing our country as obstacles to the growth of direct foreign investments in Georgia: 1. Underdevelopment of the capital market and stock exchange; 2. High interest rates on financial resources; 3. Political instability in the region and the problem of guaranteeing property rights; 4. Small market, low qualification of workforce and high rate of poverty; In addition to the challenges, Georgia has natural and also achieved advantages in the region:\u0000\u0000Strategic location – at the crossroads of Europe and Asia;\u0000Free trade agreement with the 2.3 billion market: EU, China (including Hong Kong), Turkey, Ukraine, CIS and European Free Trade Organization (EFTA) (Iceland, Liechtenstein, Norway and Switzerland);\u0000Low taxes. We are the 8th country in the world with the lowest tax burden. There are only 6 types of taxes in the country. as well as exemption from profit tax, in case of reinvestment of the won amount;\u0000In the case of correct use of all the above-mentioned non-piracy, it is quite possible to achieve and maintain a high rate of growth of the Georgian economy.","PeriodicalId":272914,"journal":{"name":"Globalization and Business","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130726530","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The purpose of the study it to estimate the ex-post impact of the DCFTA on trade between Georgia and the European Union, as well as evaluate the welfare results of trade creation and trade diversion effects. Through the investigation of the existing literature, we can observe that little research has applied theoretical gravity model with inclusion of the trade creation and trade diversion variables on assessment of the impact of DCFTA in the model for 2014-2021 period. Significance of the study stems from the limitation identified in the literature and necessity to assess the opportunities created as a result of the DCFTA in Georgia. The paper applies a well-known structural gravity model. Evaluation is based on the panel dataset that includes bilateral trade flows of Georgia with European Union countries and main trade partners. We analyse data for 18 years, from 2004 to 2021. Final dataset contains 1440 observations. According to research results, the gravity model estimation showed that though positive, the impact of DCFTA on trade is not statistically significant. Research results suggest that due to the DCFTA, EU-Georgia trade increased approximately by 17% and the agreement has a trade creation effect.
{"title":"EFFECTIVENESS OF THE DEEP AND COMPREHENSIVE FREE TRADE AREA IN GEORGIA","authors":"","doi":"10.35945/gb.2022.14.009","DOIUrl":"https://doi.org/10.35945/gb.2022.14.009","url":null,"abstract":"The purpose of the study it to estimate the ex-post impact of the DCFTA on trade between Georgia and the European Union, as well as evaluate the welfare results of trade creation and trade diversion effects.\u0000Through the investigation of the existing literature, we can observe that little research has applied theoretical gravity model with inclusion of the trade creation and trade diversion variables on assessment of the impact of DCFTA in the model for 2014-2021 period. Significance of the study stems from the limitation identified in the literature and necessity to assess the opportunities created as a result of the DCFTA in Georgia.\u0000The paper applies a well-known structural gravity model. Evaluation is based on the panel dataset that includes bilateral trade flows of Georgia with European Union countries and main trade partners. We analyse data for 18 years, from 2004 to 2021. Final dataset contains 1440 observations.\u0000According to research results, the gravity model estimation showed that though positive, the impact of DCFTA on trade is not statistically significant. Research results suggest that due to the DCFTA, EU-Georgia trade increased approximately by 17% and the agreement has a trade creation effect.","PeriodicalId":272914,"journal":{"name":"Globalization and Business","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125094386","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Wine tourism is a growing sector with great opportunities to diversify demand. In the case of Kvemo Kartli, this potential is even more special. The main topic of the article is the study of wine cellars in the region of Kvemo Kartli. The article discusses the resources and facilities important for the development of wine and agrotourism, the main developing force of this kind of tourism in Kvemo Kartli. This work will study the contributions of the family wineries to the development of the touristic sector. It also serves to popularize Kvemo Kartli as a wine region and a way to form a wine culture. The study will also present the contributions of the Germans colonists in the development of winemaking and preservation of traditions in the Kvemo Kartli region. Qualitative research methods were used in the research process. The survey revealed the positive role of small wineries in the development of tourism in the Kvemo Kartli region, highlighted the current problems of small wineries (which relate to the factors affecting development), the economic benefits of small entrepreneurs, improper representation of wine tourism products on the market and other challenges. Recommendations were formulated in order to eliminate the problems identified. Also, we discussed the government's action plan for the future development of wine tourism in Georgia.
{"title":"WINE TOURISM: GLOBAL AND LOCAL PERSPECTIVES IN KVEMO KARTLI","authors":"","doi":"10.35945/gb.2022.14.005","DOIUrl":"https://doi.org/10.35945/gb.2022.14.005","url":null,"abstract":"Wine tourism is a growing sector with great opportunities to diversify demand. In the case of Kvemo Kartli, this potential is even more special. The main topic of the article is the study of wine cellars in the region\u0000of Kvemo Kartli. The article discusses the resources and facilities important for the development of wine and agrotourism, the main developing force of this kind of tourism in Kvemo Kartli. This work will study the contributions of\u0000the family wineries to the development of the touristic sector. It also serves to popularize Kvemo Kartli as a wine\u0000region and a way to form a wine culture.\u0000The study will also present the contributions of the Germans colonists in the development of winemaking\u0000and preservation of traditions in the Kvemo Kartli region. Qualitative research methods were used in the research\u0000process. The survey revealed the positive role of small wineries in the development of tourism in the Kvemo Kartli\u0000region, highlighted the current problems of small wineries (which relate to the factors affecting development),\u0000the economic benefits of small entrepreneurs, improper representation of wine tourism products on the market\u0000and other challenges. Recommendations were formulated in order to eliminate the problems identified. Also, we\u0000discussed the government's action plan for the future development of wine tourism in Georgia.","PeriodicalId":272914,"journal":{"name":"Globalization and Business","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132613048","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Karst relief is widespread in western Georgia, on the southern slopes of the Caucasian Mountains, from the river Psou to Lake Ertso. There are more than 1000 karst caves, which led to the formation of Georgia as a classic country of karst caves. Karst forms have been studied by many scientists, but the pioneer was Vakhushti Bagrationi. Our region Imereti is especially distinguished by karst caves, where "Imereti Caves Protected Areas" has recently been created. According to the tourist motivation, there are 3 distinguished directions of speleotourism: extreme (Caving), spectacular (Show Cave Tourism) and medical (Speleotherapy). All these three directions are developed in our country, but at different levels. Among protected areas of Georgia most visitors come to karst natural monuments. For almost a decade now, priority is given to Prometheus Cave. The pandemic all over the world has reduced the number of visitors, but nowadays much is being done to attract them. In 2021, a new – White Cave was opened, where one can taste the wine made in the same cave. Soon the Satsurblia Cave will receive the first visitors, who are interested in speleotherapy. Despite the above mentioned , there are still many potential cave resources to be explored that are little known but important. Among them I would like to distinguish a 13-storey Tsutskhvati cave, which has no analogue in the world. The aim of our paper is to get acquainted with such sites and to study their development perspectives. The inclusion of such landmarks in the list of natural tourist sightseeings of Georgia will increase the awareness of Georgia and the influx of visitors to our country.
{"title":"THE ROLE OF SPELEOTOURISM IN THE DEVELOPMENT OF TOURISM IN GEORGIA","authors":"","doi":"10.35945/gb.2022.14.006","DOIUrl":"https://doi.org/10.35945/gb.2022.14.006","url":null,"abstract":"Karst relief is widespread in western Georgia, on the southern slopes of the Caucasian Mountains, from the river Psou to Lake Ertso. There are more than 1000 karst caves, which led to the formation of Georgia as a classic country of karst caves. Karst forms have been studied by many scientists, but the pioneer was Vakhushti Bagrationi.\u0000Our region Imereti is especially distinguished by karst caves, where \"Imereti Caves Protected Areas\" has recently been created. According to the tourist motivation, there are 3 distinguished directions of speleotourism: extreme (Caving), spectacular (Show Cave Tourism) and medical (Speleotherapy). All these three directions are developed in our country, but at different levels. Among protected areas of Georgia most visitors come to karst natural monuments. For almost a decade now, priority is given to Prometheus Cave. The pandemic all over the world has reduced the number of visitors, but nowadays much is being done to attract them. In 2021, a new – White Cave was opened, where one can taste the wine made in the same cave. Soon the Satsurblia Cave will receive the first visitors, who are interested in speleotherapy.\u0000Despite the above mentioned , there are still many potential cave resources to be explored that are little known but important. Among them I would like to distinguish a 13-storey Tsutskhvati cave, which has no analogue in the world. The aim of our paper is to get acquainted with such sites and to study their development perspectives. The inclusion of such landmarks in the list of natural tourist sightseeings of Georgia will increase the awareness of Georgia and the influx of visitors to our country.","PeriodicalId":272914,"journal":{"name":"Globalization and Business","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126431576","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The USA and China are the two most powerful and accountable states in the world. As for the right, 7 countries have access to the China Sea. The countries maintain intensive relations using economic ties and maritime routes. The US is trying to gather more allies to prevent Chinese hegemony. The United States is also not going to lose its strong position in Asia, which can be expressed by trying to put pressure on other countries in the Asia and Pacific region. At the same time, its main interest in the region is to ensure freedom and safety of navigation. The area is attractive because of its abundant supply of organic fertilizer, which is very popular in world markets. This is why the US is interested in the region, and Beijing wants to have the largest fleet and infrastructure in the region.
{"title":"THE POLITICAL ROLE OF THE UNITED STATES OF AMERICA IN THE 21ST CENTURY IN THE SOUTH CHINA SEA REGION","authors":"","doi":"10.35945/gb.2022.14.008","DOIUrl":"https://doi.org/10.35945/gb.2022.14.008","url":null,"abstract":"The USA and China are the two most powerful and accountable states in the world. As for the right, 7 countries have access to the China Sea. The countries maintain intensive relations using economic ties and maritime routes. The US is trying to gather more allies to prevent Chinese hegemony. The United States is also not going to lose its strong position in Asia, which can be expressed by trying to put pressure on other countries in the Asia and Pacific region. At the same time, its main interest in the region is to ensure freedom and safety of navigation.\u0000The area is attractive because of its abundant supply of organic fertilizer, which is very popular in world markets. This is why the US is interested in the region, and Beijing wants to have the largest fleet and infrastructure in the region.","PeriodicalId":272914,"journal":{"name":"Globalization and Business","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133374337","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The article deals with the issues of property as a fundamental economic category of the system of economic relations of societies. From the point of view of the methodology of analysis of property relations, economic and legal aspects are differentiated. In particular, in the first case, relations between subjects are implied in the process of production, distribution, exchange, and consumption of material goods (de facto), and in the second case, ownership (who owns what) (de jure). The economy (its functioning) is based on the actions of objective economic laws, while the law is based on subjective judgments and decisions. The privatization of property should not be an end in itself, but a way to effectively use the factors of production, which ultimately ensures economic growth. No form of ownership leads to an automatic increase in efficiency (the experience of post-Soviet reality has confirmed this). An analysis of the economics of crime and punishment is given.
{"title":"ON ECONOMIC AND LEGAL ASPECTS OF PROPERTY","authors":"T. Beridze, Nunu Ovsyannikova","doi":"10.35945/gb.2022.13.003","DOIUrl":"https://doi.org/10.35945/gb.2022.13.003","url":null,"abstract":"The article deals with the issues of property as a fundamental economic category of the system of economic relations of societies. From the point of view of the methodology of analysis of property relations, economic and legal aspects are differentiated. In particular, in the first case, relations between subjects are implied in the process of production, distribution, exchange, and consumption of material goods (de facto), and in the second case, ownership (who owns what) (de jure). The economy (its functioning) is based on the actions of objective economic laws, while the law is based on subjective\u0000judgments and decisions. The privatization of property should not be an end in itself, but a way to effectively use the factors of production, which ultimately ensures economic growth. No form of ownership leads to an automatic increase in efficiency (the experience of post-Soviet reality has confirmed this). An analysis of the economics of crime and punishment is given.","PeriodicalId":272914,"journal":{"name":"Globalization and Business","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-05-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123670585","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The paper discusses the influence of the proportions of production factors on the establishment of public equilibrium. The theory of production factors occupies an important place in the history of economic thought. The creator of the theory of factors is considered to be the famous French economist Jean Baptiste Say (1767-1832). J. B. Say campaigned against mercantilism and protectionism and advocated a policy of free trade. Factor theory finds significant application in the international division of labor. Another French economist, Frédéric Bastiat, developed the theory of economic harmony. In this theory F. Bastiat sought to reach an economic agreement between different groups of the society, through their cooperation. Canadian engineer-technologist P. Monsarov developed a theory of four factors. Nowadays, Heckcher-Ohlin Theory is widely used in the international division of labor.
{"title":"VARIATIONS OF PRODUCTION FACTORS THEORY","authors":"Jemal Kharitonashvili","doi":"10.35945/gb.2022.13.005","DOIUrl":"https://doi.org/10.35945/gb.2022.13.005","url":null,"abstract":"The paper discusses the influence of the proportions of production factors on the establishment of public equilibrium. The theory of production factors occupies an important place in the history of economic thought. The creator of the theory of factors is considered to be the famous French economist Jean Baptiste Say (1767-1832). J. B. Say campaigned against mercantilism and protectionism and advocated a policy of free trade. Factor theory finds significant application in the international division of labor.\u0000\u0000Another French economist, Frédéric Bastiat, developed the theory of economic harmony. In this theory F. Bastiat sought to reach an economic agreement between different groups of the society, through their cooperation. Canadian engineer-technologist P. Monsarov developed a theory of four factors. Nowadays, Heckcher-Ohlin Theory is widely used in the international division of labor.","PeriodicalId":272914,"journal":{"name":"Globalization and Business","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-05-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128704921","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The sustainable development of small innovative entrepreneurship is quite a difficult task and requires systematic work, which must involve both the state, academic and industrial circles. It is necessary to create connecting rings between these areas. Based on these trends, a whole set of measures should be developed and implemented, which should be aimed at the mass acquisition of innovations. It should be noted that only with the fruitful interaction of science, entrepreneurship, society, and state and municipal bodies will it be possible to ensure the rapid pace of economic development of the country and the establishment of an innovative economy. Georgia has a positive attitude towards expected innovations along with the development of the country's economy. The relationship between income level (GDP per capita) and innovation is positive. A positive trend line indicates expected innovations in terms of revenue levels. Georgia's performance is in line with expectations of its level of development, the relationship between the input and output of innovation is negative. Georgia produces less innovative products compared to the level of innovative investments.
{"title":"SMALL INNOVATIVE BUSINESS DEVELOPMENT PROBLEMS IN GEORGIA","authors":"Lela Guledani","doi":"10.35945/gb.2022.13.023","DOIUrl":"https://doi.org/10.35945/gb.2022.13.023","url":null,"abstract":"The sustainable development of small innovative entrepreneurship is quite a difficult task and requires systematic work, which must involve both the state, academic and industrial circles. It is necessary to create connecting rings between these areas. Based on these trends, a whole set of measures should be developed and implemented, which should be aimed at the mass acquisition of innovations. It should be noted that only with the fruitful interaction of science, entrepreneurship, society, and state and municipal bodies will it be possible to ensure the rapid pace of economic development of the country and the establishment of an innovative economy. Georgia has a positive attitude towards expected innovations along with the development of the country's economy. The relationship between income level (GDP per capita) and innovation is positive. A positive trend line indicates expected innovations in terms of revenue levels. Georgia's performance is in line with expectations of its level of development, the relationship between the input and output of innovation is negative. Georgia produces less innovative products compared to the level of innovative investments.","PeriodicalId":272914,"journal":{"name":"Globalization and Business","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-05-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129603768","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
D. Sikharulidze, S. Shaburishvili, L. Kadagishvili, T. Munjishvili
In today’s globalized, dynamic world, organizations’ dependence on information and, consequently, their interest and demands for information is growing. Information technologies play a crucial role in effective functioning and control for modern companies and business. In the conditions of operational accessibility of necessary information it is possible to adequate evaluation of current situation and to make timely decision. At the same time, information must be available only to those to whom it is intended and unavailable - to all remaining. Computers are integrated into a common network for fast data transfer and efficient interaction. This connection must be reliable and secure. Modern companies are interested in possibility of using Internet channels. However, the principles of building of the Internet give the chance to malefactors to steal and distort information purposely. Corporate and broadcasting networks which are based on TCP/IP protocols and are constructed on standard Internet applications (E-mail, Web, FTP) have no warranty from invasion of unauthorised persons. In article the technology of creation of the virtual private networks (VPN), which is one of the optimal variants for creation of secure channel of communication, is considered.
{"title":"DETERMINANTS OF THE STRUCTURE OF THE BOARD OF DIRECTORS AND THEIR IMPACT ON THE PERFORMANCE OF THE GEORGIAN BANKING SECTOR","authors":"D. Sikharulidze, S. Shaburishvili, L. Kadagishvili, T. Munjishvili","doi":"10.35945/gb.2022.13.012","DOIUrl":"https://doi.org/10.35945/gb.2022.13.012","url":null,"abstract":"In today’s globalized, dynamic world, organizations’ dependence on information and, consequently, their interest and demands for information is growing. Information technologies play a crucial role in effective functioning and control for modern companies and business. In the conditions of operational accessibility of necessary information it is possible to adequate evaluation of current situation and to make timely decision. At the same time, information must be available only to those to whom it is intended and unavailable - to all remaining. Computers are integrated into a common network for fast data transfer and efficient interaction. This connection must be reliable and secure. Modern companies are interested in possibility of using Internet channels. However, the principles of building of the Internet give the chance to malefactors to steal and distort information purposely. Corporate and broadcasting networks which are based on TCP/IP protocols and are constructed on standard Internet applications (E-mail, Web, FTP) have no warranty from invasion of unauthorised persons. In article the technology of creation of the virtual private networks (VPN), which is one of the optimal variants for creation of secure channel of communication, is considered.","PeriodicalId":272914,"journal":{"name":"Globalization and Business","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-05-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123094681","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Tourism and hotel businesses are the sectors most affected by the COVID-19 pandemic in the Georgian economy. Despite the gradual removal of restrictions imposed during the pandemic period in early 2022, despite the transition to the tourism industry recovery phase, it is important to assess the impact of the pandemic on the hotel sector to better identify post-pandemic challenges and plan sustainable business development measures. The paper analyzes the impact of the global pandemic and other negative factors on the development of the hotel business in Georgia, the main challenges, measures taken to mitigate the damage caused by the pandemic to the hotel sector, and the measures taken to save the hotel business. The paper is based on a review of leading scientific publications and statistical data, an assessment of the main directions of the state anti-crisis policy, government program 2021 - 2024 "Building a European state". Opinions are expressed on the mobilization of existing opportunities in the process of hotel business development in Georgia in the post-pandemic period and the emergence of new perspectives; in the new reality with the services traditionally considered for the hotel business, the introduction of innovative technologies and innovative products.
{"title":"ASPECTS OF HOTEL BUSINESS DEVELOPMENT IN POST-PANDEMIC GEORGIA","authors":"Tamar Makasarashvili, G. Giguashvili","doi":"10.35945/gb.2022.13.019","DOIUrl":"https://doi.org/10.35945/gb.2022.13.019","url":null,"abstract":"Tourism and hotel businesses are the sectors most affected by the COVID-19 pandemic in the Georgian economy. Despite the gradual removal of restrictions imposed during the pandemic period in early 2022, despite the transition to the tourism industry recovery phase, it is important to assess the impact of the pandemic on the hotel sector to better identify post-pandemic challenges and plan sustainable business development measures.\u0000\u0000The paper analyzes the impact of the global pandemic and other negative factors on the development of the hotel business in Georgia, the main challenges, measures taken to mitigate the damage caused by the pandemic to the hotel sector, and the measures taken to save the hotel business.\u0000\u0000The paper is based on a review of leading scientific publications and statistical data, an assessment of the main directions of the state anti-crisis policy, government program 2021 - 2024 \"Building a European state\".\u0000\u0000Opinions are expressed on the mobilization of existing opportunities in the process of hotel business development in Georgia in the post-pandemic period and the emergence of new perspectives; in the new reality with the services traditionally considered for the hotel business, the introduction of innovative technologies and innovative products.","PeriodicalId":272914,"journal":{"name":"Globalization and Business","volume":"124 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-05-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128049066","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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