Revaz KAKULIA

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Revaz Kakulia, D.Sc. (Econ.), associate professor, Ivane Javakhishvili Tbilisi State University (Tbilisi, Georgia).

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GLOBALIZATION AND PROBLEMS OF IMPROVING THE GEORGIAN FINANCIAL SYSTEM

ABSTRACT

This article examines matters relating to the creation and improvement of the Georgian financial system in the context of globalization. The author analyzes the problems that arise in the process of reform and development of the country’s fiscal system, spotlights the difficulties that prolonged the national economic crisis, and shows the successes achieved as a result of the measures taken by the new authorities.

Introduction

The profound scientific, technological, political and socioeconomic changes characteristic of the 20th century have led to the globalization of economic development. Nation-states (regardless of their political system, nature of socioeconomic relations and industrial development level) have been drawn into the global economic process.

The desire and attempt of the developed countries to protect their own economy against external influences points to the creation of………………..

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