Globalization and Business

15-24

Authors: Riadh Kadri, Hacen Kahoui, Abdelkader Sahed

The pivotal role of electrical energy in propelling a nation's economic development cannot be overstated. A deficiency in the efficient consumption of electricity not only acts as a hindrance to economic growth but also constitutes a potential threat to national security. Recognizing the gravity of this relationship, scholars and policymakers have directed substantial attention towards the exploration of electricity consumption patterns and the development of predictive models. Consequently, a diverse array of models and methodologies has been employed to forecast electrical energy consumption. Within this context, the present research delves into a comparative analysis of two prominent forecasting methods, ARIMA and GM (1,1) grey modeling techniques, with a specific focus on predicting electricity consumption in Algeria. The assessment of these models' performances was conducted using the average percentage of absolute MAPE, employing annual data collected from Algeria spanning the extensive period from 1982 to 2020. The research findings underscore the paramount importance of accurate forecasting in this domain. Notably, the ARIMA model (1,1,0) emerged as the frontrunner, exhibiting superior predictive capabilities when juxtaposed with the GM (1,1) model, as evidenced by the MAPE standard. This nuanced examination contributes to the scholarly discourse on electricity consumption prediction, offering insights that can inform strategic decision-making and policy formulation in the pursuit of sustainable and secure energy practices.

47-53

Authors: Shorena Pharjiani

Georgia, with its open policy towards foreign investment flows, was one of the first countries in the Post-Soviet space. From the day of gaining independence, FDI has become the most important indicator of the country, and the assessment of the volume of foreign investment flows carried out in the country, statically or dynamically, has not lost its relevance to this day. Present article explores the volume of foreign direct investments made in Georgia, in dynamic; From the total indicators, in terms of geography, the largest investor countries are identified; In the period 2013-2022, the structure of FDI is expanded according to components and the percentage distribution of share capital, reinvestments and debt obligations from the total indicators is highlighted; The impact of FDI on economic growth indicators has been determined using correlation-regression analysis. The article also provides global figures for foreign direct investment, including countries receiving the largest FDI flows; In order to assess the investment environment, in dynamics, the sovereign credit ratings of Georgia evaluated by the leading rating companies are presented. Statistical observation, collection-grouping and analysis techniques and methods are used in the research process.

65-68

Authors: Rusudan Mikautadze

In Georgia, as in other developing countries tourism has positive and negative importance and influence. It may affect the national cultural values, and in order to get economic benefits, the host may temporarily forget the so-called "disguised arrogance", which is typical for a local, Georgian resident based on the perception of the uniqueness of his own culture and give priority to the cultural values characteristic of a tourist. Today, the tourism sphere in Georgia is quite highly paid one. Besides, it allows culture to be not only an aesthetic resource, but also beneficial. Interaction between these two spheres and proper management promotes the direct and indirect influence of culture on the economic potential of Georgian regions. Under direct impact we mean cultural institutions (such as cinemas, museums, theaters, concert halls, galleries, etc.) which bring the economic income, and under indirect, those events, which may have a greater influence because it contributes to social stability, population employment growth, the reduction of unemployment, and an increase in the well-being of the local population through the development of "associated professions" like transportation, catering, and more. Communication in the field of tourism increases relations between people of different backgrounds, reduces conflicts between cultures, instilling a sense of pride in local people in the need to preserve their cultural heritage and identity.

77-97

Authors: Irakli Leonidze, Zurab Sherazadishvili

The availability of internships is determined by the interest of accepting interns if the conditions are agreed. Georgia is a legal and social state which means that the main function of the legislator is to establish the new norms in the relations of the parties, or to stop actions from regulation. The state and universities have a special functions. There are numerous relations between the economic and legal meanings. The role of the state is considered ambitious. Not only regulation, but also abstention may be a defining the role, so that the legal context does not constrain economic significance. It is necessary to determine which should be implemented on the relations between the parties. The basis of the legislative change may be determined by various reasons but the purpose of this change should be correctly seen.

111-117

Authors: Besiki Tabatadze

The visualization of accumulated data is an important aspect of managing learning processes. The digitization and automatization of educational management systems, along with the increasing adoption of modern technologies, empower professors to track and analyze student performance across various platforms. This paper presents the implementation of a modern software extension (plugin) for Moodle, a popular and flexible learning management system, to visually represent the grades accumulated by students in various course activities. These software extensions possess robust capabilities for the visual presentation of statistical data, utilizing data from points accumulated in assessment components such as quizzes, presentations, midterms, final exams, etc. By employing these extensions, professors can easily observe the distribution of grades earned by individual students. Modern approaches to the management of learning processes increasingly embrace the power of data visualization, simplifying and enhancing the overall experience. Visualizations allow educators to quickly identify patterns, trends, and areas for improvement within their learning processes. This timely and insightful information facilitates informed decision-making and efficient resource allocation. By readily identifying areas of strength and weakness, educators can implement targeted interventions and adjustments to ensure all learners receive the optimal learning experience. This ongoing monitoring and refinement contribute to continuous quality improvement within the educational environment. Visualizations provide stakeholders with a clear and accessible overview of learning progress and outcomes. This transparency fosters open communication, collaboration, and trust among educators, learners, and administrators. To effectively leverage the power of data visualization, modern learning management systems (LMS) increasingly integrate with specialized software extensions. This paper discusses two particularly powerful plugins for the Moodle learning management system and their effectiveness.