Catching Up and Falling Behind: The Experience of the Post-Communist Countries of the European Union and Georgia
GFSIS Expert Opinion No. 99, ISBN: 978-9941-27-876-1
19 Pages Posted: 2 Apr 2018
Date Written: March 22, 2018
The EU’s post-Communist countries as well as the EU in general are participating in the implementation of the Lisbon Strategy which aims to create an economy of knowledge. The usage of catching up is extremely important in achieving this strategy’s goals. Unfortunately, the EU’s post-Communist countries failed to create their own national innovation systems. For the EU’s post-Communist countries, falling behind are more characteristic than catching up. Unfortunately in post-Communist Georgia, the poor country consumer economic growth model has been formed which is due to the utilization of the extremely falling behind model.
Keywords: Economic Growth, Catching Up, Falling Behind, EU, Post-Communist Countries, Georgia
JEL Classification: O31, O33, O52, P27, P51
Suggested Citation: Suggested Citation