The Main Challenges of 'Post-Rosy' Georgia's Medium Term Economic Development

18 Pages Posted: 12 Apr 2013

See all articles by Vladimer Papava

Vladimer Papava

Ivane Javakhishvili Tbilisi State University

Date Written: April 11, 2013

Abstract

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

Suggested Citation

Papava, Vladimer, The Main Challenges of 'Post-Rosy' Georgia's Medium Term Economic Development (April 11, 2013). Available at SSRN: https://ssrn.com/abstract=2248518 or http://dx.doi.org/10.2139/ssrn.2248518

Vladimer Papava (Contact Author)

Ivane Javakhishvili Tbilisi State University ( email )

1, Ilia Tchavtchavadze avenue
Tbilisi, Tbilisi 0179
Georgia
+995 32 222-0241 (Phone)
+995 32 222-5107 (Fax)

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