“Global Challenges and the Transformation of Economic Development Models” – International Conference Held at GTU

The 14th International Scientific Conference, titled “Global Challenges and the Transformation of Economic Development Models”, took place at the Georgian Technical University. The Faculty of Social Sciences at GTU initiated and organized the event in collaboration with Akaki Tsereteli State University and Batumi Shota Rustaveli State University.

Professor Tamar Tsereteli, Vice-Rector of the Georgian Technical University, opened the event. Guests in attendance included: His Eminence Anania (Japaridze) – a hierarch of the Georgian Orthodox Church, Metropolitan of Manglisi and Tetritskaro, member of the Holy Synod of the Georgian Orthodox Church, Head of the Theology Research and Educational Center at the GTU, Full Professor, and Chairman of the Patriarchate’s Permanent Commission for Establishing Historical Truth; Romualdas Ginevičius, a professor at Mykolas Romeris University (Lithuania); Ilgar Mammadov, a professor at Baku Business University (Azerbaijan); Vladislavas Petraškevičius, a professor at Vilnius Gediminas Technical University (Lithuania); and Stanisław Bielski, a professor at the University of Warmia and Mazury (Olsztyn).

“In the modern world, economic development can no longer be examined solely through traditional economic theories and models. Global challenges, technological progress, the rapid development of artificial intelligence, the transition to a green economy, and the transformation of international economic relations require not only an understanding of current realities but also the scientific conceptualization and formulation of new development paradigms. For our country, it is particularly important that, within contemporary economic development processes, Georgia acts not merely as a participant in global changes but as an active contributor to solutions grounded in scientific knowledge, innovation, and a long-term strategic vision. Consequently, the international scientific conference “Global Challenges and the Transformation of Economic Development Models” is especially significant.

We are pleased that the conference brought together over 160 scientists, researchers, and doctoral candidates from various countries, featuring 72 scientific presentations. This scale reaffirms that solving contemporary challenges requires interdisciplinary collaboration, international academic dialogue, and the continuous advancement of science.

For Georgian Technical University, internationalizing science, deepening academic cooperation, and promoting research-based development are top priorities. Through the joint efforts of universities, it is possible to create an intellectual environment in which science plays a role in shaping the future.”

– Professor Tamar Tsereteli

In addition to international guests, scientists and researchers from Tbilisi State University, Caucasus International University, Akaki Tsereteli State University, and Georgian Technical University attended the conference, including representatives from the latter’s scientific research centers. The conference featured three thematic sections: sustainable economic development and transformations driven by contemporary global challenges; key directions for developing various sectors of the national economy; and the legal, political, and philosophical aspects of national economic development.

The plenary sessions addressed such topical issues as: the role of artificial intelligence in economic forecasting; the impact of Central Bank Digital Currencies (CBDC) on the banking system; the use of digital technologies in human resource management; the development of green energy and economic policy; strategies for the region’s sustainable development and infrastructure security; the outcomes of the privatization of public-sector enterprises in Georgia; the transformation of Georgia’s transit potential amidst global challenges; the economic value of nature and the valuation of natural assets for sustainable development; the digital transformation of the labor market – global experience versus the Georgian reality; the modern social state and its transformation; and more.