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New Book by Prof. Vladimer Papava

Another book - "Becoming European:  Challenges for Georgia in the Twenty-First Century" by Professor Vladimer Papava has been published in USA. This book is a collection of electronic publications over the past 15 years. These articles are devoted to the political and economic problems of Post-Communist Georgia in the XXI century. For Georgia, even before the collapse of the USSR, and especially in the last years of its existence, the priority was an Euro-Atlantic orientation. Georgia's European path of development has not been an easy one. The formation of an European state in Post-Communist Georgia is associated with many difficult tasks, which solution is of paramount importance for the future of this country. On June 27, 2014, the EU-Georgia Association Agreement was signed in Brussels. The agreement opened up new opportunities for Georgia to integrate into the EU. At the same time, Georgia still needs to do a lot of work for a real rapprochement with the EU and this will require many years of hard work.  

Leading world professors and politologs have expressed their high appreciation for the book. Between them are:
Jeffrey D. Sachs, University Professor, Columbia University, USA;

S. Frederick Starr, Chairman, Central Asia-Caucasus Institute, Washington, D.C., USA and Stockholm, Sweden;

Anders Åslund, Senior Fellow, Atlantic Council, and Adjunct Professor, Georgetown University, USA;

Keith W. Crane, Senior Fellow, Science and Technology Policy Institute, Washington, DC, USA;

Paul Goble, Former Special Advisor on Soviet Nationalities at the US Department of State, and Adjunct Professor, Institute of World Politics, USA;

—Paul Hare, Professor Emeritus, Heriot-Watt University, Edinburgh, Scotland, UK;

Stephen F. Jones, Professor, Russian and Eurasian Studies/International Relations, Mount Holyoke College, USA;

Neil Macfarlane, Professor of Oxford University, Oxford, UK;

Thomas W. Simons, Jr., former U.S. Ambassador to Poland and Pakistan, Visiting Scholar, Davis Center for Russian  and Eurasian Studies, Harvard University, USA;

Ben Slay, Senior Economist, UNDP Regional Bureau for Europe and CIS.

The book can be viewed and purchased on the Amazon platform:


About journal

Referential and reviewed scientific-analytical journal "Economics and Business" is published at the base of Ivane Javakhishvili Tbilisi State University, Faculty of Economics and Business. Tbilisi University, founded in 1918, is historically the first high school in the Caucasus region.

Currently at TSU are functioning 7 faculties (precision and natural sciences, humanitarian, economics and business, medicine, social and political sciences, law, psychology and education sciences). The University offers to students 218 accredited academic programs (67 - undergraduate, 96 - master, 3 - one - level, 50 - doctoral), as well as 12 joint international and 130 exchange programs. Number of students is more than 20 000 and more than 5400 – personnel. Along with Georgian the university offers bilingual programs in English, French, German and Russian languages .

According to the University's mission, TSU research and innovative activities are a priority strategic direction, implemented by its faculties and 16 independent scientific units.

 The university research activity’s special part is publishing  the scientific journals in various fields. Among them  the journal "Economics and Business" takes one of the leading place.

The main mission  of the journal is to provide to wide society and economic management state structures the accumulated knowledge and advanced practical experience in the fields of Economic and Business, what will help to promote the economic and social development of the country.

One of the priorities of the journal is to bring out to a wide range of scientific audiences the results of the works, done by doctoral students in the process of working on dissertation.

Also the important task is to offer the professors and teachers scientific products in the process of creation and renewal of educational programs, social innovations and business; in the implementing of professional economists standards in society.

To accomplish the abovementioned tasks, in the journal are published articles as local, so foreign authors in Georgian, English, German and Russian languages in the history of theoretical economics and economic doctrines, economic policy, macro and micro economics, business and management, about actual theoretical and practical issues, reviews on newly published monographs and textbooks.

At the current stage the main attention of the journal staff and editorial board is focused on its internationalization, which includes a full English Site preparation, journal articles written in other languages ​​and the increase of foreign authors share more intensively involved, also collaboration with international bases like EBSCO, ERIH+.

You are invited for cooperation!

Happy Christmass and New Year!

Dear Friennds, Readers and Authors! Editorial Board of our journal congratulates you with Christmass and New 2021 Year! We wish you peace, happiness and lots of success in your lives. Hope our collaboration will be  continued...  


Rewarding Scientists

November 10 is World Science Day established by UNESCO. In this regard, the Georgian National Academy of Sciences awarded members of the editorial board of the magazine "Economics and Business", Professors Ramaz Abesadze, Elguja Mekvabishvili and Mikheil Jibuti with honorary diplomas for scientific achievements in the field of economics. We congratulate the scientists on the honorary award and wish them further success in their work.

III National Scientific Conference dedicated to the Economist’s Day

It has become a good tradition to hold a national scientific conference dedicated to the Economist’s Day. This year 's conference had a double workload, as it was also dedicated to the memory of TSU Professor Nodar Khaduri. That is why Faculty of Economics and Business, Ivane Javakhishvili Tbilisi State University, hosted the III National Scientific Conference on September 11 of the current year on the topic: "Economics: Contemporary Challenges of Economic Science and Economic Policy."

The conference was organized by the Commission of Economic Sciences of the Georgian National Academy of Sciences, TSU Faculty of Economics and Business, TSU Paata Gugushvili Institute of Economics, European University Faculty of Business and Technology, Institute for Research on Economic and Social Problems of Globalization, Journal "Globalization and Business". The organizational and scientific head of the conference was TSU Professor, Academician Vladimer Papava.

The conference was preceded by a competition of doctoral students’ scientific works for the award of Professor Nodar Khaduri. The work entitled "Macroeconomics at the time of Pandemic: Consumer Behavior and Optimal Restraint Policies" was selected by a competent jury with full confidentiality.

Honorary guests, as well as family members and close relatives of Professor Nodar Khaduri were invited to the III National Scientific Conference.

The materials of conference are accasable on the journals website, N3, 2020.

New Monograph

Recently, Academician of Georgian National Academy of Sciences, Professor Vladimer Papava's new monograph "Unconventional Economics" was published.  Feedback on the paper can be found at the link


This work gives to economists a basis for an adequate understanding of different economic realities. For future scientists, doctoral students, the monograph will undoubtedly help in a new understanding and research of the difficulties of economic science. We would like to congratulate the economic community with a monograph of global scientific significance. Congratulations to author, our colleague and friend, we wish him further creative success.

Meeting with Leszek Balcerowicz

A few days ago, a meeting was held in the first campus of the Tbilisi State University with the famous Polish scientist-economist Leszek Balcerowicz, who was elected an honorary doctor of the university.

New Member

We recently received very nice information from the United States. World-Renowned economist Gregory Mankiw, The Chief of Pr. G. Bush (Senior) Economic Council,  Professor at Harvard University, has agreed to join our journal's editorial board.

New Member

We have some interesting news - Elizabeth Chako, a professor of geography and international relations at George Washington University (USA), has agreed to join the journal's editorial board.

Meeting with Jeffrey D. Sachs

"The most influential economist in the world," "the world's most famous economist," "the most important economist of world" - this is about Geoffrey David Sachs, who was honored the Honorary Doctorate at the Ivane Javakhishvili Tbilisi State University on March 12, 2019.

Jeffrey David Sachs is a world-renowned professor of economics, author of the best-selling books, innovative teacher and world leader in the sphere of sustainable development. Before he began working at Columbia University, he was a professor at Harvard University for more than twenty years. He is the Director of the United Nations Sustainable Development Network, as well as Commissioner of the United Nations Commission on Development Issues and Special Advisor to UN Secretary General Antonio Guterres. Professor Sachs is one of the winners of the "Blue Planet" award in 2015.

After the solemn ceremony, Professor Jeffrey Sachs delivered a public lecture for TSU students and professors.

Editorial Board Meeting

On March 5 of 2019, in the office of the Dean of Economics and Business Faculty was  held a regular session of the editorial board of the magazine "Economics and Business", where was discussed the need to add the new rubric for Georgian economic terminology in the journal and the necessity of arrangement of the literature used in the articles according to international standards.

Members of the Editorial board discussed and unanimously approved the contents of the first issue of the year 2019. They also mentioned the importance of increasing the number of articles published in English language. There has been noted also the meaning of intensively attracting of foreign authors in terms of further reporting in the international databases.

Another Confession

Another new pleasant news for fans of the journal: recently we received a confirmation that the journal "Economics and Business" is available in the World Information Database EBSCO, which is also one of the largest electronic books library.

This library sells up to 2 billion books a year. It includes social sciences, business, medical, law, state management, etc. directions. This circumstance is one of the best ways to provide Georgian scientists intellectual products to the world wide public.

Pleasant News

We would like to share with you a great joy - our team has   received a letter that TSU journal “Economics and  Business”  gained international recognition and is   placed  in  ERIHPLUS database. This means that  articles will be considered as international publishing, which is great support for Georgian scholars. We would also like to thank the university IT specialists - Kakha Mghebrishvili and Levan Jgharkava, who have created the magazine’s website.

Editorial Board Meeting

On the 6th of December, at the office of the Dean of the Economics and Business Faculty was held a meeting of the Editorial Board of the journal "Economics and Business". The contents of the journal number 4 were discussed. The members of the board presented the reviews on articles. The decision was made to issue the journal  after considering individual remarks.

Globalization Challenges in Economics and Business

On October 26-27, Iv. Javakhishvili Tbilisi State University’s Faculty of Economics and Business hosted an international conference on "Globalization Challenges in Economics and Business". There participated Georgian and foreign scientists from 11 countries. Within the framework of the conference 14 sections worked, which were headed by: Econometrics (Prof. I. Ananiashvili), Economic Policy (Assoc. Prof. I. Gogorishvili), Theoretical Economics (Prof. E. Mekvabishvili), Macroeconomics (Assoc. Prof. N. Kakulia), Microeconomics and Regional Economics (Prof. E. Kharaishvili) International Economics (Acad. A. Silagadze), Statistics (Prof. S. Gelashvili), Accounting, Audit, Analysis (Prof. L. Sabauri), Marketing (Prof. N. Todua), Tourism (Prof. I. Khelashvili), Finance and Banking (Assoc. Prof. L. Ghudushauri), Information Technology (Prof. D. Sichinava).

The plenary session was opened by the Dean of the Faculty of Economics and Business, Prof. G. Gaganidze, conference welcomed R. Kakulia, the Chairman of the Committee of   Economy and Economic Policy of the Georgia Parliament , TSU Head of Administration N. Ovsianikova, TSU Prof. E. Mekvabishvili.

The speeches were delivered by Acad. Vladimer Papava, Prof. Veronica Flamberd ( Catholic University of Lille, France) Prof. Jessek Stryn (Techno University of Rzeshchov, Poland), Prof. Tatiana Soboleva (Kyiv Vadim Hetman National Economic University, Ukraine) and TSU Prof. I. Khelashvili.

The speakers emphasized the importance of the conference and talked about the positive or negative sides of globalization, mentioned the special significance of globalization for the country as Georgia is, which faced at the latest stage of development  two challenging processes - the post-communist transformation of the country and the inclusion of the country's economy in the process of globalization - why it is necessary to develop mechanisms that will help to ensure the correctness of the globalization process in Georgia and protect our country from its negative impact.

They also discussed current economic issues, global economy challenges and the main trends of economic development. After the plenary session, the conference participants continued to work in sections, where were presented up to 120 works and articles.

At the end of the conference, the participants expressed their satisfaction and hope that such meetings will continue to be followed by further economic development of our countries.