IDEAS home Printed from https://ideas.repec.org/a/vrs/wrolae/v9y2019i1p46-57n3.html
   My bibliography  Save this article

The Essentials of Georgia's Economic Transformation

Author

Listed:
  • Iashvili Tsotne

    (PhD candidate in economics at Ivane Javakhishvili Tbilisi State University (Department of Macroeconomics). Researcher at University of Wrocław)

Abstract

The aim of this article is to examine Georgia's economic transformation and try to answer the question: Why Georgia is not able to have a stable and high economic growth? In this article, it will be an attempt to answer this question by taking into account the weak private sector in Georgia, as one of the main burdens of economic growth. The article attempts to analyse the economic transformation in Georgia. The reasons for its failure and consequences, also to estimate its possible impact on the nowadays economic situation in Georgia. The latter will be examined from the perspective of Institutional Theory. The article will try to answer the above-mentioned question and problems, taking into account the institutional changes in Georgia. The article explains the unsuccessful path of transformation and tries to connect its results to the current economic situation in Georgia.

Suggested Citation

  • Iashvili Tsotne, 2019. "The Essentials of Georgia's Economic Transformation," Wroclaw Review of Law, Administration & Economics, Sciendo, vol. 9(1), pages 46-57, December.
    • Handle: RePEc:vrs:wrolae:v:9:y:2019:i:1:p:46-57:n:3
    DOI: 10.2478/wrlae-2019-0003
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/wrlae-2019-0003
    Download Restriction: no
    File URL: https://libkey.io/10.2478/wrlae-2019-0003?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Stanislaw Wellisz, 1996. "Georgia. A Brief Survey of Macroeconomic Problems and Policies," CASE Network Studies and Analyses 0087, CASE-Center for Social and Economic Research.
    2. Peter M. Lichtenstein, 1996. "A New-Institutionalist Story about the Transformation of Former Socialist Economies: A Recounting and an Assessment," Journal of Economic Issues, Taylor & Francis Journals, vol. 30(1), pages 243-265, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Philippe DULBECCO, 2000. "The Dynamics of the Institutional Change and the Market Economy: An Austrian Analysis," Working Papers 200010, CERDI.
    2. Anna Klimina, 2019. "Opening Up Possibilities: Limiting Particularism and Welcoming Convergence on Socially Progressive Goals," Journal of Economic Issues, Taylor & Francis Journals, vol. 53(2), pages 448-455, April.
    3. Philippe Dulbecco & Marie-Françoise Renard, 2003. "Permanency and Flexibility of Institutions: The Role of Decentralization in Chinese Economic Reforms," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 16(4), pages 327-346, December.
    4. Marek Jarocinski & Andrei Jirniy, 1997. "Monetary Policy and Inflation in Georgia (1996-1998)," CASE Network Studies and Analyses 0114, CASE-Center for Social and Economic Research.
    5. Satoshi Mizobata & Norio Horie, 2019. "Path-Dependency of Economic Transition: An Analytical Review," KIER Working Papers 1014, Kyoto University, Institute of Economic Research.
    6. Albu, Cătălin Nicolae & Albu, Nadia & Alexander, David, 2014. "When global accounting standards meet the local context—Insights from an emerging economy," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 25(6), pages 489-510.
    7. Georgy Ganev & Marek Jarocinski & Rossitza Lubenova & Przemyslaw Wozniak, 2001. "Credibility of the Exchange Rate Policy in Transition Countries," CASE Network Reports 0038, CASE-Center for Social and Economic Research.
    8. Brizga, Janis & Feng, Kuishuang & Hubacek, Klaus, 2013. "Drivers of CO2 emissions in the former Soviet Union: A country level IPAT analysis from 1990 to 2010," Energy, Elsevier, vol. 59(C), pages 743-753.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:wrolae:v:9:y:2019:i:1:p:46-57:n:3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.