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Georgia. A Brief Survey of Macroeconomic Problems and Policies

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  • Stanislaw Wellisz

Abstract

During the first three years of independence (1991-1994) Georgia suffered serious economic decline. The difficulties associated with the transition from soviet-type planning to free enterprise and with the collapse of the CMEA trade system were aggravated by civil strife and especially by the 1992-1993 war in Abkhazia which obstructed one of Georgia's main transport links to the outside world, and caused an influx of 270,000 refugees into Tbilisi and other cities. With the end of hostilities, the restoration of law and order in most of the country, and with the emergence of a government strongly committed to liberalization and to stabilization the situation turned sharply for the better. An analyses of the Georgian economic transition.

Suggested Citation

  • 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.
    • Handle: RePEc:sec:cnstan:0087
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    References listed on IDEAS

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    1. International Monetary Fund, 1995. "Georgia: Recent Economic Developments," IMF Staff Country Reports 1995/112, International Monetary Fund.
    2. Pradhan, S., 1996. "Evaluating Public Spending: A Framework for Public Expenditure Reviews," World Bank - Discussion Papers 323, World Bank.
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    Cited by:

    1. 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.
    2. 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.
    3. 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.
    4. Iashvili Tsotne, 2019. "The Essentials of Georgia's Economic Transformation," Wroclaw Review of Law, Administration & Economics, Sciendo, vol. 9(1), pages 46-57, December.

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