Globalization and Business

11-17

Authors: Khvicha Begiashvili

The paper deals with the criminal act stipulated by Article 318 of the Criminal Code of Georgia – a characteristic feature of the subjective side of sabotage – the goal of weakening Georgia and the problematic issues of its composition, while the problem in the disposition of the Article is identified and the ways to solve it are presented. As a rule, the weakening of Georgia means the encroachment of the country's economic foundations. The work also presents an overview of the legislation of foreign countries related to the research topic, which makes the problems associated with this issue more understandable for the reader, which is more felt in practice. The current criminal law does not explain the purpose of weakening Georgia. To be fair, it should be noted that none of the scientific community paid attention to the problem raised in the paper, and therefore there are no scientific studies on this issue. In this regard, the scientific work is a kind of innovation and an attempt to find ways to solve the identified problem. The concerns discussed in the paper are more noticeable in practice, in particular, when investigating the facts of sabotage and initiating a criminal case on this charge, as well as when considering the case by the court and making summary decisions on the case. The purpose of the scientific paper is to identify the problems surrounding the subjective side of sabotage and to determine the ways to solve them.

43-48

Authors: Fred Kasirye

The space in which higher education institutions thrive is fast changing, and the demands and expectations from society are rapidly increasing (Hazelkorn, 2015). A wide thirst for 21st-century skills, the connection between research and development, the need for innovation, knowledge transfer, and stakeholder networks have raised the interest in collaborative learning within HEIs. This is therefore propagating a desire to do more with less as public spending on the education sector continues to dip. To this end, collaborative learning or otherwise referred to as cooperative learning becomes a low-hanging fruit to explore in the circumstances satisfying both the needs of the institution (Knowledge generation) and of those that embrace it (innovators, employers, governments, etc.) to obtain the benefits of the valued life-transforming education. Through this study, three objectives, which include: – ascertaining the ability of lecturers to manage collaborative learning environments, establishing the need for institutional frameworks for collaborative learning management, and ascertaining the effectiveness of curriculum design and management in ensuring collaborative learning, are investigated. Literature on these aspects is elaborately reviewed to answer the research question. The study makes a case for the need to build the capacity of lecturers to enable collaboration among learners. It also identifies a need for institutionalised practices to embed a collaborative learning atmosphere as well as an integrated curriculum design approach to make learning content more exploratory and time relevant.

54-56

Authors: Besik Tabatadze, Elene Sokhadze

The research looks into the methods of visual representation of points accumulated by students in a single study course that are employed in modern data science. Statistical indicators and prospects for improving the subject based on them are discussed: which parts of the subject should be adjusted to increase the training course's quality. Data processing and display methods that the course instructor can employ effectively in the process of observing continuous visualisation of scores are discussed. The article introduces a novel approach for enhancing the content of a training course through statistical analysis and visual representation of student scores, utilising React.js technology. The proposed platform empowers course instructors to incorporate various assessment methods such as quizzes, presentations, mid-term exams, and final exams and subsequently display students' grades based on each assessment method. The platform employs advanced statistical indicators and robust visual presentation capabilities to calculate and illustrate the points achieved. This enables instructors to easily identify desired evaluation methods, observe the distribution of points, and simultaneously track multiple evaluation methods to monitor the dynamic progression of the training course. Consequently, this holistic approach enables instructors to identify and address problematic sections within the course content, leading to meaningful improvements.

65-75

Authors: Giorgi Bregadze

This paper explores the effects of the Ukraine conflict on Georgia's tourism industry and its implications through a value chain analysis. The study examines various perspectives, including the effects of the war on Georgian tourism with and without migration and the subsequent effect of migration on the country's economy. The paper highlights the economic and safety-related effects that led to a slow recovery of visitors after the war. Additionally, the paper discusses the positive impact of migration on future tourism flows, stimulating domestic tourism and regional exploration. However, the influx of Russian migrants also increased short-term accommodation rental prices, affecting vulnerable groups and potentially contributing to inequality and poverty. Furthermore, the paper addresses the global implications of the Ukraine conflict on international tourism, with Georgia being vulnerable due to its dependence on Russian tourists. The analysis also identifies key findings regarding the effects of Russian migrants on various agents within the tourism value chain, including travel agencies, international transportation, accommodation, food and beverage, local transportation, culture, sports, recreation, and tourism-related products. The study concludes by outlining potential solutions to mitigate the negative impact of the conflict on Georgia's tourism industry, such as marketing campaigns, introducing new and more affordable flights, economy-related incentives, and improvements in service quality. This paper provides a comprehensive evaluation that offers valuable insights into the complex impacts of the Ukraine conflict on Georgia's tourism industry and its broader significance for the global tourism economy.

85-89

Authors: Lana Sulakadze

Every country wants to be energy independent. It’s quite difficult to achieve, or sometimes practically impossible. Georgia has declared its desire to have energy independence, so that external political or economic factors will have less influence on the domestic markets of the country. Georgia was able to open up energy trains of Russia as much as possible. Therefore, ongoing war between Russia and Ukraine had less impact on Georgia, compared to other European states. Achieving energy independence requires development of a well-thought-out plan and successful achievement of the milestones outlined in that plan. Georgia does not import electricity more than 8-10% each year, but thermal power plants that use natural gas as the main resource generate about 20-25% of electricity. Therefore, there is a necessity to import natural gas from neighboring countries for electricity generation. Today, there is a need to use renewable resources and utilize abundant hydro resources, for which state support and appropriate measures are required.

98-105

Authors: Meri Ketiladze

The presence of the business and a proper business environment is essential for the multifaceted development of our country. Therefore, its preservation has the same importance as well, that is provided by the insolvency law through the rehabilitation regime. That is why, the article discusses the importance of the rehabilitation regime for a business entity. The article hereof provides the actions taken by various authorities through adopting laws, introducing international standards, etc. For example, on the Ministry of Justice of Georgia initiative, the Parliament of Georgia adopted the Law “On Rehabilitation and Collective Satisfaction of Creditors’ Claims” in 2020. The work also discusses the judiciary and its role in saving the business based on a specific example. The work also reviews the place of Georgia in various ratings, such as those of “Doing Business” and “The Heritage Foundation”. Considering their importance and influence, the above-mentioned ratings and the place held by Georgia are a guide for foreign investors. The place of the judiciary in the rating, which has experienced stagnation, should also be noted. This, of course, has a negative impact on both local and international levels for those interested in doing business in Georgia. Despite the presence of an appropriate legal framework within the scope of the issue under consideration, however, the numbers that are read in the ratings do not give us the opportunity to state that there is a sound environment for doing business in Georgia. For this, it is obvious that only the insolvency law's presence is insufficient.

130-137

Authors: Tamar Tsertsvadze

Identifying employees who align well with the organization, commonly referred to as person-organization fit (P-O fit), is considered crucial for maintaining a productive and engaged workforce (Kristof, 1996). Although research has made significant progress in predicting important job outcomes through person-organization fit, there remains a lack of understanding regarding how employees experience this fit (Kristof-brown et al., 2005; Verquer et al., 2003). This study aimed to fill the existing research gaps by investigating the distinction between two perspectives of person-organization fit, namely supplementary and complementary fit across different working sectors. Furthermore, the study explored the connection between these two types of person-organization fit and three dimensions of organizational commitment. Lastly, the study evaluated how different types of organizational commitment influence employees' intentions to leave the organization. The research methodology employed in this study utilized a structured and validated questionnaire to measure person-organization fit, organizational commitment, and turnover intention variables. Data for the survey was collected from a diverse group of 390 administrative employees working in different public and private organizations. The study employed quantitative approaches to ensure a comprehensive understanding and produce more robust results. The findings indicate that person-organization fit did not vary across different working sectors. Supplementary fit demonstrated a positive correlation with all three types of organizational commitment, whereas complementary fit showed a positive correlation only with affective commitment. The turnover intentions were found to have a negative correlation with each type of organizational commitment.

149-154

Authors: Merab Vanishvili, Nanuli Kokashvili

Based on the latest literary sources and rich factual material, the scientific article consistently discusses topical issues of financial theory and practice, gender budgeting in the healthcare and social protection of Georgia. It has been established that health care and social orientation have a high gender significance. At the same time, the study shows that the state budget programs of Georgia do not contain gender sensitivity. Most programs and sub-programs do not include gender sensitivity; several programs are distinguished by gender sensitivity, there are also some goals set in terms of gender aspects, however they are mostly in the form of statistics and do not adequately reflect gender needs. It is substantiated that the goals set in the health and social protection programs of the state budget of Georgia and the indicators of intermediate and final results require more specification in accordance with the principles of the program budgeting methodology in general, as well as considering additional gender aspects.