Comparative Analysis of the Models of Economic Development of Georgia and Russia
In Search of Ways for Russian-Georgian Normalization. Tbilisi, GFSIS, 2014
13 Pages Posted: 6 Jul 2014
Date Written: July 5, 2014
The paper investigates the peculiarities of the models of economic development of Georgia and Russia. Taking into account the catch-up effect, the paper shows adjusted economic growth indicators of these countries during the post-Soviet period. Due to the presence of necroeconomy in both countries, the so-called “post-Soviet post-industrialism” is analyzed. It has been shown that both in Georgia and Russia, essentially identical consumer models of development of poor countries have established. In order to transfer to an innovative model of economic development, it is essential to stimulate the interest of the private sector of the economy.
Keywords: necroeconomy, post-Soviet post-industrialism, consumer models of development, poverty, supply stimulation, innovative economy
JEL Classification: O14, O57, P23, P31, P52
Suggested Citation: Suggested Citation