Reforming of the Post-Soviet Georgia's Economy in 1991-2011

GFSIS Center for Applied Economic Studies Research Paper—03.2013

152 Pages Posted: 9 Jul 2013

See all articles by Vladimer Papava

Vladimer Papava

Ivane Javakhishvili Tbilisi State University

Date Written: July 8, 2013

Abstract

Similarly to other post-Communist countries Georgia also embarked transition from a command economy to a market economy. The Georgian experience of reforming its economy should be considered interesting as the country succeeded in overcoming the hyperinflation and the economic downturn was followed with the economic growth. Successes in economic reforms were followed by stagnation, which was particularly exacerbated by the increased scale of corruption. The economic reforms, which were carried out after the "Rose Revolution," are especially interesting. Along with successful reforms of neo-liberal nature, neo-Bolshevik actions became apparent as the Government started openly infringing property rights.

Keywords: economic reforms, economic development, transition to a market economy, "Rose Revolution," post-Soviet Georgia

JEL Classification: P20, P21, P26, P31, P33

Suggested Citation

Papava, Vladimer, Reforming of the Post-Soviet Georgia's Economy in 1991-2011 (July 8, 2013). GFSIS Center for Applied Economic Studies Research Paper—03.2013. Available at SSRN: https://ssrn.com/abstract=2291142 or http://dx.doi.org/10.2139/ssrn.2291142

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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