Economic, Business, Management 2023-06-15T10:03:39+00:00 Open Journal Systems PROS AND CONS OF THE LAND REFORM 2023-06-14T10:34:26+00:00 Giorgi Butskhrikidze <p>The article discusses and studies the Pros and Cons and the history of the land reform, the problems faced during implementation of the reforms, the consistent analysis of the problems and the causes including coverage area; the focus is made on the problems faced at an initial stage of the reforms;</p> <p>The conclusion formulates the crucial developments, which took place over land reform due to its specifics and development nature in economics, the ways of overcoming crisis is also provided. Implementation of the problem solution activities faster and timely response will prevent deepening of the crisis.</p> 2022-06-15T00:00:00+00:00 Copyright (c) 2023 Economic, Business, Management THE NECESSITY OF THE INVESTMENTS IN THE HUMAN CAPITAL AND THE IMPACT OF THE PANDEMIC ON IT 2023-06-14T11:12:23+00:00 Tamar Gelashvili <p>The article reads the current important topics like education and healthcare, the necessity of investment in the human capital for further development. The suggested analysis makes clear the need for regular increase of investments in education and healthcare to overcome ongoing challenges. The negative impact of the pandemics is highlighted on the human capital&nbsp; &nbsp;development</p> 2022-06-15T00:00:00+00:00 Copyright (c) 2023 Economic, Business, Management THE LABOR MIGRATION IMPACT ON THE ECONOMICS OF GEORGIA 2023-06-14T13:07:51+00:00 Maia Gelashvili <p>The relevance of labor migration has increased significantly both worldwide and in Georgia. However, migration can be said to be inevitable for developing countries. 3.6% of the world's population or 281 million people are migrants. The main reason is economic. Migration is characterized by both positive and negative consequences. Remittances characterize positively, which are a prerequisite not only for reducing poverty, but also for stimulating GDP growth. The negative is characterized by a quantitative decrease in the population, which entails a decrease in income to the country's budget. In 2019-2021 in Georgia, 149.75 million lari was received from abroad in the form of remittances from migrants, although these remittances are spent on household consumption, which has a positive effect on families remaining in the country as poverty decreases, which leads to an increase in living standards. In particular, remittances increased by 1% in 2021 compared to coronavirus</p> <p>&nbsp;&nbsp;&nbsp;&nbsp; Thus, it can be concluded that the economic benefits of migration lie in the diversification of currency crises in the country. I believe that all Georgian migrants should return to the country, but this problem cannot be solved until jobs are created, because they want to return.</p> <p>Thanks to these problems, the population can further increase the scale of migrants in order to improve their socio-economic situation.</p> 2022-06-15T00:00:00+00:00 Copyright (c) 2023 Economic, Business, Management HUMAN RESOURCES, THE PECULIARITIES AND PROBLEMS FOR THEIR SELECTION IN GEORGIA 2023-06-14T13:19:59+00:00 Nana Zazadze <p>The problems related to selection of the highly qualified staff is especially crucial in the conditions of the modern market economy, as optimal use of the resources leads to the organizational success, raising of the competitiveness and its long life cycle. Therefore human resource management department has the most important place in the organization management to recruiting the labor resource with relevant knowledge and experience to ensure successful operation of the organization, protecting of the organization from external and internal threats and raising its reputation. As the problem is quite important the following questions are asked, which methods shall be applied and how to recruit staff in a fair manner?</p> <p>&nbsp;&nbsp;&nbsp; The goal of the paper is to study the problems of staffing in Georgia. Due to theoretical and practical importance of recruiting, the article discusses and studies both traditional and non-traditional methods of selecting human resource, foreign experience, Cons and Pros of the human resource selection methods. &nbsp;&nbsp;</p> 2022-06-15T00:00:00+00:00 Copyright (c) 2023 Economic, Business, Management INDIVIDUAL ASPECTS OF THE INTERNATIONAL MIGRATION OF LABOR FORCE IN GEORGIA 2023-06-14T13:26:44+00:00 Nana Zazadze <p>International migration of the labor force is an inseparable part of the international economy internalization. Labor potential, the crucial factor for production both at a national and international level, seeks the place and means where the working force will be used more efficiently.&nbsp;</p> <p>Labor migration is the complex phenomenon of the public life reflecting different parts of the social, political and economic development of the country and regions. Study of the migration flows is still important because it is closely linked to the different parts of the public life; it has multifaceted and important outcomes. Therefore, in order to understand its nature thoroughly, it is necessary to learn the factors leading to migration, its directions, frequency, etc.&nbsp;&nbsp;</p> 2022-06-15T00:00:00+00:00 Copyright (c) 2023 Economic, Business, Management THE ASPECTS OF THE COST ANALYSIS IN THE AQUACULTURE ECONOMIES 2023-06-15T07:15:35+00:00 Tsiskara Zarandia <p>The article gives the structural analysis of the costs based on the behavior and nature in the aquaculture economy in Samtskhe-Javakheti region and entire Georgia. The problems are identified and their solution will support to improvement of the financial indicators in the freshwater fish farms and stable development of the field.&nbsp;</p> 2022-06-15T00:00:00+00:00 Copyright (c) 2023 Economic, Business, Management CRYPTOCURRENCY AND FINANCIAL MARKET 2023-06-15T07:22:41+00:00 Roin Tateshvili Natia Kiknadze <p>Current scientific and technological development introduced an important innovation to the financial markets in the form of the cryptocurrency. Releasing of the crypto currency is based on the decentralized technology block chain.</p> <p>The paper is focused on the most popular digital currency bitcoin in the modern world countries and Georgia. Decentralization unlike printed currency protects cryptocurrency from the fluctuation what is the main advantages of the cryptocurrency. In addition, electronic money is an independent currency from all central regulating institution with the fastest transactions made electronically and lowest charges. As for its disadvantages, this is fluctuation of the prices, as the value of the cryptocurrency changes based on demands. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p> <p>In Georgia, both population and business sector are interested in mining of the virtual currency. Georgia is on the third place in the world by mining. The conditions supporting to popularization of the mining in our country is a flexible taxation system, comparatively low payment rate on the electricity and cheap labor.</p> <p>&nbsp;As it is possible to purchase cryptocurrency anonymously without identification of a person, the participants of the transactions in cryptocurrency are not revealed, the risk of using cryptocurrency for the criminal activities like funding terrorism, money laundering is high. In addition, in a long-term prospective, the shadow economy is strengthened by the funding of the criminal world and development of the public welfare is becoming more unclear.&nbsp;</p> 2022-06-15T00:00:00+00:00 Copyright (c) 2023 Economic, Business, Management PROBLEMS RELATED TO THE CREATION OF INTERNAL BRANDING AND DEVELOPMENT PROSPECTS OF THE EXAMPLE SAMTSKHE-JAVAKHETI STATE UNIVERSITY 2023-06-15T09:21:23+00:00 Meri Sakhamberidze <p>In today's competitive business environment, effective branding strategy plays an important role in gaining place&nbsp; in the market. Universities and higher education institutions are no exception and use / try different brand strategies to stay ahead of the competition.</p> <p>Both qualitative and quantitative research strategies were used in the research. First of all, we looked at the measurement scales developed by Pinar et al. (2013). The results of this study showed that the university's brand equity measures are divided into two types, basic and auxiliary. This study also revealed a combination of elements important to university branding.</p> <p>As a result, we have created a conceptual module. Samtskhe-Javakheti State University can create internal branding.</p> 2022-06-15T00:00:00+00:00 Copyright (c) 2023 Economic, Business, Management DEVELOPING COUNTRIES: ECONOMIC GROWTH, CRISIS 2023-06-15T09:29:00+00:00 Amalia Shakulashvili <p>The paper discusses macro-economic problems of the developing countries, the influence of the developed world, determinants of the economic growth in the developing countries and the specific problems faced by the economics of the developing countries. The poverty is the main problem faced by the developing countries and the main challenge of their economics and politics is to overcome such a dilemma. Unlike industrial developed countries, the majority of the developing countries has lack of industrial factors, assets and qualified labor. The lack of the mentioned factors leads to the low level of the income per capita hindering economic growth of the developing countries. Political instability, absence of the warranties and improper economic politics often are the preventive factors for investments. One of the greatest problems of the country is the difference between incomes of the countries, why the some countries become rich and others experience stagnation. &nbsp;</p> 2022-06-15T00:00:00+00:00 Copyright (c) 2023 Economic, Business, Management FOR INTERPRETATION OF THE VALUATION OF BUSINESS MARKET VALUE BY EARNING CAPITALIZATION METHOD 2023-06-15T09:40:45+00:00 Lavrenti Chiburdanidze Lasha Chiburdanidze <p>An article discusses the methodological issues of the valuation of own capital by the business based on ongoing market values. Evolutionary development of the market economy relations has increased the demands on the valuation of the business values during implementation of the investments, bank crediting, calculation of the taxable basis, selling of the enterprise, defining of the share in the partners property;</p> <p>&nbsp;&nbsp;&nbsp;&nbsp; The article highlights the concepts and methods of the business valuation approaches, selection of the valuation methods based on the specific conditions, income-based approach for market valuation, specifically, applying the method of earning capitalization.</p> 2022-06-15T00:00:00+00:00 Copyright (c) 2023 Economic, Business, Management FOR THE COST-BASED APPROACH OF THE BUSINESS VALUATION 2023-06-15T09:47:33+00:00 Lasha Chiburdanidze <p>The paper discusses the methodological issue of the operational business valuation in the conditions of the modern market economy.</p> <p>It is under the daily interest of any business owner or partner to be aware of the condition of business management, the strengths and weaknesses of the business activities.</p> <p>The important indicator for the successful activity of business is its value. The value of the business is the basis for the income of the owners and defines the market capitalization of the business.</p> <p>The paper describes the modern selection criteria for the business valuation. In particular, the condition of the costs and its methods are focused, the advantages and disadvantages of the applied approache and its methods are explained.</p> <p>The paper lists the conditions, which defines the necessity of use of the cost-based approach of the business valuation and the necessity for appliance of its methods.</p> 2022-06-15T00:00:00+00:00 Copyright (c) 2023 Economic, Business, Management GLOBAL ECONOMIC CRISIS: THE CAUSES, COMMON CHARACTERISTICS AND DIFFERENCES 2023-06-15T10:03:39+00:00 Raisa Khachaturian <p>The article reads and studies 200-years practice of the history of Economics on the Global Economic Crisis, describing the reasons, similarities and differences, size, coverage area, duration and nature of the crises consistently. The crises being emerged during 20<sup>th</sup> and in the first half of the 21<sup>st</sup> centuries are highlighted, including <br>The Great Depression and the Crisis of Pandemics. Those crises changed the scientific and public paradigm of the politics despite the interval of 100 years between them, that there is the need for active intervention by the state in the economics. The positive role of three well-known crises including of 1929-1933, of 1970s and the pandemics of 2019, is analyzed and it proved that the crisis is the best way to find out the best opportunities.</p> <p>The conclusion formulates the key phenomena of the crisis, which takes place based on the nature of cyclic development in the economics and highlights that the delayed responses from the governments on those phenomena due to different problems supports to deepening of the crisis.</p> 2022-06-15T00:00:00+00:00 Copyright (c) 2023 Economic, Business, Management