The FINANCIAL -- Scottish social philosopher and political economist Adam Smith wrote The Wealth of Nations and achieved the first comprehensive system of political economy.
The FINANCIAL -- Despite Georgia being No. 9 in the world according to the World Bank ranking in ease of doing business, international shipping companies, amongst others, simply do not exist in Georgia. The reason is simple: other countries offer business-oriented tax legislation to international business, especially to the shipping industry.
The FINANCIAL -- Engaged personalization matters! Tailoring the shopping experience to meet customers’ expectations and deliver what they need before they even know they need, is the key to success in a competitive retail environment. This notion is no longer disputed. The big question, however, remains “how to pioneer in an everchanging technological era” instead of just barely keeping up with the competition.
The FINANCIAL -- In Georgia, the transport and logistics industry does not in fact have a single person responsible for its entirety. There are a scarce number of independent institutions working on analytics to observe global and regional trends. But who makes the decisions not to carry out any reform, despite the development of creeping and downward trends over the years? Where is the strategy and vision from the transport and logistics policy development department? What do we want to do in the future? Having no responses to those questions, and being in a state of uncertainty, automatically leads the country and sector to reap negative results.
If we look at the continuum of Georgia’s political development since its independence in 1991, we can see one clear pattern: the party that loses power – whether by coup d'état, color revolution or parliamentary election – inevitably disappears. Currently, we are witnessing the disappearance of the United National Movement (UNM), a party that governed the country from 2004 -2012. However, the slow and nonviolent pace of the UNM demise sets it apart from the aforementioned trend.