Journal of Social Sciences (International Black Sea University)
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Role of Governance Infrastructure in Attracting FDI to Georgia
Get PDFMany economists argue that FDI has a significant role for countries economic growth, especially, countries like Georgia. However,the question is how to attract FDI into our country. There are several factors which make economy attractive for foreigners.The purpose of this research is to focus on the role of governance infrastructure which is one of the most important fordeveloping nations. This is a relatively new term for Georgian economy, which contains of all regulations, legislation and legalsystems of the country. Thus, their importance will be investigated.The methods used for this research are survey, interview and some other observation on the operation of Georgianeconomy. The interview was conducted with Georgian expert in politics. Expert in economics was also asked to answerseveral questions. In addition, the Survey was applied to 60 people and as a result most of them agreed on the importanceof governance infrastructure, that it needs improvement and that it will definitely make Georgia more attractive country forpotential investors.In conclusion policy-makers should pay much attention to those institutions which can contribute more to the creation ofstable economic environment and investment environment. Improvement of governance infrastructure will definitely decreasethe risks for potential investors, increase their confidence in our country, and push them towards more investments, especiallywhen Georgia’s geographic location offers wide variety of spheres where foreigners can do business
Entrepreneurship as a Determinant of FDI in Case of Georgia
Get PDFAttraction of Foreign Direct Investment (FDI) is the one of the main priorities for Georgia. Liberal investment environment andequal approach to local and foreign investors makes country as an attractive destination for FDI. The paper focuses on relationbetween entrepreneurship and FDI in case of Georgia, to find out the role that entrepreneurship takes as a determinant of FDI.The paper empirically proves that in order to attract FDI, development of entrepreneship is vital
Dynamics of Georgian mineral water market
Get PDFThe purpose of this research paper is to determine the volume of the production and market demand for Georgian mineral water, to identify competitiveness between producers, awareness among consumers and their demands on packaging and pricing. Also to study export climate and effects of political decisions on the Georgian mineral water market. The paper examines overall situation on Georgian mineral water mar- ket by survey and interviews. The analyzed results presented in this paper demonstrate that, Georgian mineral water market can be described as competitive, with variety of products, high quality and low prices. Mineral water is produced by both - low and high income consumers and identification of one brand to another, affects the way consumers behave in choosing drinks. Georgian Mineral water is highly demanded prod- uct in foreign markets as well, because of the competitive advantages it has. According to the study, Georgian mineral water market can be evaluated as fast growing sector of the country’s economy. Thus, the given industry creates many jobs that result in domestic economic growth
Halal Market for Food Productions
Get PDFThis article examines how Georgian products can join the Halal country’s markets and why this market has grabbed attention of many companies from all over the world. The paper discusses the culture and rules of the Muslim market and how to enter to this market. This research focuses on Georgian food products and how to extend them to the Muslims market with their strength and opportunity whichcan be acceptable by this market. The aim of this article is to help those Georgian manufacturers and companies who want to export their products and develop their business, market and their brands and integrate them in the single biggest market in the world that has been largely overlooked
European Integration as one of the Main Foreign Policy and National Security Priorities of Georgia
Get PDFThe paper explores the basic socio-economic and political processes, which were going on in Georgia after the restoration of national independence in the beginning of the 90-th of the XX Century and which were related to the economic difficulties and conflicts in the two separatist regions of Georgia; also, the reasons, which determined the desire of Georgia, to develop cooperation with western democratic institutions – first of all with the European Union. The second part of the research is concentrated on the modern period, particularly, on the basic issues, related to the geopolitical importance of Georgia in the region, taking into consideration new geopolitical realities - main foreign policy and national security priorities of the country, reasons for the European Integration of Georgia, basic priorities of the EU Eastern Partnership Program and cooperation between EU and Georgia in different fields
“Lost in Integration”: Compromising Immigrant Inclusion for the Sake of Stable Society in the European Union Countries”
Get PDFDiscourse on inclusion of immigrants in the European Union countries traditionally revolves around three core models: multiculturalism,assimilationism and differential incorporation. However, effectiveness of such classification is called in question due to dramatic transformationsin economic, political, cultural priorities of receiving states. Competing stance of the European Union institutions (the EuropeanCommission) and of the nation-states influenced coordination and harmonization problems regarding responsibilities for integration ofimmigrants. Moreover, in order to ensure stability inside the receiving society, the member states started to introduce the so-called civicintegration requirements which are criticized due to violation of immigrants’ fundamental rights. The point of debate lies in the following:whether to select those immigrants who demonstrate compliance with values and identities of the receiving community? And secondly,should immigrant rights be sacrificed in the name of protecting national identity of the EU member states? Therefore, the present articleaims at examining a complicated nature of regulating immigrant integration policies. It analyzes approaches to civic integration programsin different EU countries, and the way, how they fit into models of immigrant incorporation
The Problem of Diminished Responsibility in Georgian Criminal Law
Get PDFThe article emphasizes the problem of diminished responsibility in Georgian criminal law. The research pays attention to the historicalaspect of diminished responsibility and problem of free will in criminal behavior of a person with diminished responsibility.The article provides information about the list and characteristics of psychical anomalies and other circumstances that cause diminishedresponsibility. The research discusses the issue of relationship between the guilt and diminished responsibility. Accordingly, in author’sopinion, diminished responsibility includes all circumstances (except mental illness) that mitigate one’s guilt at the time of committingcrime, in spite of its causing grounds.At the same time, the article gives a new definition of diminished responsibility that differs from legislative definition
Empirical Analysis of Georgian Trade Pattern: Gravity Model
Get PDFThis paper investigates and analyzes the Georgia's data of trade, export and import. The data cover the periods from 2000 to 2011 using the panel data gravity model of trade. For this purpose the large country sample and long time series and a balanced data have been used. The findings through results of analysis revealed that Georgia's trade is positively determined by the size of the economies, GDP per capita, and common history found to be significant factors influencing Georgia's trade pattern. The results also confirm the hypothesis that foreign direct investment (FDI) is positively correlated with trade
Can We Give it Away? Transferability of Author’s Personal Rights via Contractual Agreement
Get PDFAuthor’s personal right – a right streaming from the vision that the work is the author’s “spiritual child”, declaring that the former shouldbe the one who always decides the non-economic fate of the latter, was a significant acquirement of last centuries’ legislation. However,international acknowledgement of this right in the Berne Convention and its incorporation in national laws created diversity in its applicationon a country to country basis. One of the most important issues about this right, debatable until today, is the question of its transferability.Civil and common law approaches disagree about the fact whether third persons should be able to acquire an author’s personalright via contractual agreement. The paper will address this issue, discuss the right from historical and comparative perspective, and try tocome up with the answer whether it is transferable by nature, and whether transferability via contractual arrangement should be allowed
Limits of the U.S. Power in the Current Global World
Get PDFIn a little over a decade, geopolitics has moved to the “Multipolar Era”, and has entered the twenty-first century, which is likely to see the distribution of economic and political power and eventually military capabilities spread across a broader range of national “actors.” U.S. global role has consequently started decreasing in various areas, and America’s capacity to influence choices made by Russia, China, India, Japan and others countries of different regions has been reduced. The rising powers are charting their own courses. The article deeply analyses the limits of U.S. power and its role in global world, starting with the brief historical review and developing into the discussion of the current period. It gives information regarding the U.S. relations and importance with different countries, while emphasizing the global view of the U.S. role in the world. The paper discusses the effectiveness of today’s America and shows reasons for prompting declination of the U.S. power in the current world affairs, while at the same time, reveals another side of the U.S. power still being a leading country in the world, analyzed well in conclusion