The Main Challenges of 'Post-Rosy' Georgia's Medium Term Economic Development
18 Pages Posted: 12 Apr 2013
Date Written: April 11, 2013
During its independence, post-Communist Georgia has not been able to create an economic system that would serve as the basis for its sustainable economic development. Neither have the reforms conducted after the "Rose Revolution" met the expectations. A consumer economy, typical for poor countries, has emerged in Georgia. After the Opposition won the Parliamentary elections of October 2012, the country has been presented with yet another chance to develop a competitive real sector of economy. For this, it is indispensable to achieve free trade with the EU and with the USA, and restore trade with Russia.
Keywords: economic development, consumer economy, poor country, free trade, post-Communist Georgia
JEL Classification: F13, F15, O10, P21, P33
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