European Journal of Economic Studies

110-119

Authors: Sanel Halilbegovic, Adisa Arapovic, Nedim Celebic, Tarik Atovic

This study is using exploratory analysis to explain blockchain technology application and its importance in trade finance for call centers and dispatcher companies. The plan is to process the Internet sources that are gathered involving blockchain, call centers and booking business and move little deeper in the world of call centers, including direct information and statistics from the managers of Inmotion Ltd. This study will review the actual introduction of blockchain as young technology, the importance of blockchain applications and its content, and within analysis and discussion part this research will try to propose the solution to this or similar company, that has an access to a huge number of human resources as the most important asset for their business.

131-135

Authors: Zurab Mushkudiani, Badri Gechbaia

In this paper, we address the issue of the global ompetitiveness which is being launched at a time of rising income inequality, mounting social and political tensions, and a general feeling of uncertainty about the future. Growth remains persistently low: commodity prices have fallen, as has trade; external imbalances are increasing; and government finances are stressed. However, it also comes during one of the most prosperous and peaceful times in recorded history, with less disease, poverty, and violent conflict than ever before. Despite the difficult economic situation, the fundamental principles of competitiveness should not be forgotten and should not be sacrificed to short-term needs. The future is competitive economies that, given local factors, tend to increase productivity and build on present and future prosperity. The issue of competitiveness of individual regions and countries, as globalization processes deepen, remains relevant.

143-151

Authors: Vladimer Papava

Economic policy is an integral part of public policy and is to be based on the accomplishments of economics. If an economic policy is not only far from economics, but in certain cases contradicts its basic postulates and rules, then such an economic policy carried out by the government represents a “non-economic policy.” Among the causes that lead to “non-economic policies,” first and foremost, is the unprofessional economic team of the government and false opinions entrenched in economics or economics lagging behind the processes unfolding in the economy. The present article offers the typology of a non-economic policy. The experience of post-Communist Georgia illustrates a number of clear examples when the governments in the country implemented non-economic policies which quite negatively affected the development of the country. As a result of developing a successful economic policy such economic reforms were carried out which allowed the country to overcome hyperinflation in the 1990s and macroeconomic stability was achieved. After carrying out currency reform, the national currency, the lari, was introduced. The reforms were fully based on economics. The main challenge is to approximate the economic policy to economics which can be achieved only in the case when economic policy-makers are highly skilled economists.