ქართ | Eng

ISSN 2449-2396 (Print) | E ISSN 2449-2612 (Online)

JEL Classifications: E6, E7


COMPATIBILITY PROBLEM OF BASIC PUBLIC VALUES WITH ECONOMIC POLICY GOALS AND DECISIONS FOR THEIR IMPLEMENTATION

Author: Revaz Gvelesiani | Published: 2019-07-29 | Pages: 32-38

Full Text

For Citation: Gvelesiani R. (2019), Compatibility Problem Of Basic Public Values With Economic Policy Goals And Decisions For Their Implementation, Globalization And Business, N7, pp. 32-38.(In Georgian).

Abstract

Economic policy related decisions are very complex in their logical structure because of the multilateral interdependence of the Social-economic events. Every decision includes some kind of vagueness. It is either clear or vague whether economic-political situation and results of discussed actions are analyzed well. The logical structure of decisions is the objective of the theory of the decision making. This theory helps to assess and overcome the problems in economic policy related decision making.

Economic policy is oriented on achieving the predefined goals. These goals are determined by economic situation and many normative attitudes (basic values). There is an agreement on one part of the goals among the majority of developed countries. The laws and resolutions issued by different governments often include economic indicators, including: significant economic growth, high level of employment, appreciating the currency as an indicator of stability of prices, foreign economic relations, foreign economic equilibrium or fair distribution of the income and the property. This is the partial list of the goals, but it is enough to demonstrate that goals are the only means (instruments) for realizing all-inclusive norms of basic public values.


Keywords

BASIC PUBLIC VALUES, ECONOMIC POLICY GOALS, ECONOMIC INTEREST, DECISION-MAKING THEORIES, DECISION-MAKERS


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