On the Vector of Economic Development of Post-Communist Georgia

Abstract

The paper discussed the problem of the vision about the issues concerning the direction of development of Georgia’s economy after the restoration of the country’s independence and the model upon which it should be based. The victory of the Georgian Dream coalition in the Parliamentary elections of 1 October 2012 made the issue of choice topical again in Georgia as high priority was given to the subject of which vector of development needed to become determining after the nine-year governance of the United National Movement leaded by Mikheil Saakashvili.

Keywords: economic development, EU, European-type market economy, Russia’s Liberal Empire, post-Communist Georgia

JEL Classification: F15, O10, O52, O57, P33, P52