Leonardo Khvedelidze
Doctor of Engineering Sciences, Multidisciplinary Educational-Scientific Center Kavkasia 2010, Director
Boris Chichinadze
Doctor of Economics, Visiting Professor, Akaki Tsereteli Kutaisi State University
Abstract
The article analyzes the importance of scientific-research for the rapid economic development of the country. Numerous examples of countries are given that confirm the possibility of rapid development of a country in this direction if the corresponding potential is available. Accordingly, it is quite possible that Georgia, with “good will,” can develop at a rapid pace, which will also lead to a reduction in the migration process.
In the paper, the authors focus on the role of science and research in general in ensuring the improvement of a country’s socio-economic conditions. Examples are provided from developed countries (the United States, France, Germany, the United Kingdom, and others) regarding the expenditures they allocate to scientific research. Particular attention is given to the introduction of innovative factors in modern science, education, and the overall formation of a contemporary economic system within society. The article highlights the role of science in public life and the measures that should be undertaken by the Government of Georgia in this regard. It emphasizes that the innovative path of development is generally oriented toward the continuous renewal of socially significant qualities in goods and services, something that cannot be achieved without the active advancement of fundamental scientific knowledge. The article further notes that education always plays a priority role in attracting and developing innovative methods in science. A deeper understanding of the role of education—alongside science as the core of the modern economy—must be reflected in a significant increase in investments in the field of education, since such investments enabled developed countries to transition to the post-industrial stage of development. Finally, the authors present their vision of the steps that should be taken in Georgia to ensure the establishment of an innovative economy and the country’s economic sustainability. The article underscores that an innovative economy is essentially a knowledge-based economy, grounded in innovations, the generation of new ideas, and the introduction of new machinery, systems, and modern technologies
Keywords: Scientific Research, Innovations, Economic Efficiency, Research Work.
JEL: O32; O38; I25
DOI: 10.52244/c2025.51
The article is in Georgian.
References
Khvedelidze L., Chichinadze B., “Innovations in Medicine and Their Future Economic Efficiency.” “Business and Legislation”. No. 2, 2024. 74-78.
Beshenkov, С. A. The key concept of modern education. – 2007. – N 3. – С. 284-291.
Clark, W. C., & Dickson, N. M. (2003). Sustainability science: The emerging research program. Proceedings of the National Academy of Sciences of the United States of America, 100(14), 8049–8061.
Bromley, H., & Shutkin, D. S. (1998). Science and technology studies and education: An introduction to the special issue. Educational Policy, 12(5), 467 – 475
Ashok Bardhan, Daniel L. Hicks, and Dwight Jaffee, (2010) How Responsive is Higher Education? The Linkages between Education and the Labor Market (Berkeley, CA: UC Berkeley, Fisher Center for Real Estate and Urban Economics, 2010), http://escholarship.org/uc/ item/6b1889dc
Drucker, P. Post-capitalist society // New post-industrial wave in the West: Anthology / ed. V.L. Inozemtsev – М.: Academia, 1999. – С. 67–100.
Keen, J. Media of mass information and democracy /J. Keen. – Moscow: Monuments of historical thought, 1994. – 170 p.
Toffler, E. Metamorphoses of power: Trans. with English / E. Toffler. – Moscow: OOO “Izdatelstvo AST”, 2001. – 669 p.