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| 1 |
ID:
082112
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| 2 |
ID:
118759
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| Publication |
2012.
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| Summary/Abstract |
One of the main problems of economic development is to ensure stable economic growth. This article examines some issues relating to the measurement of economic growth in the context of Central Caucaso-Asia, a geopolitical region which includes the countries of the Central Caucasus (Azerbaijan, Armenia and Georgia) and Central Asia (Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan).
It should be emphasized that this problem has been analyzed in a number of significant publications. In order to measure economic growth, it is particularly important to use a more or less adequate method allowing a spatial comparison of countries and regions. But at present such a comparison is complicated by the existence of the so-called "catch-up effect."
The approach proposed below makes it possible to remove this effect and make a more adequate comparison of economic growth in countries and regions (with a case study of the Central Caucaso-Asian countries).
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| 3 |
ID:
090422
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| Publication |
2009.
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| Summary/Abstract |
The article discusses the problems of the successes and the failures of Georgia's post-revolutionary economic development. Amongst the positive results, the significant increase of national budget revenues and the overcoming of the energy crises should be emphasized, both of which were achieved by the fight against domestic internal corruption. At the same time, mistakes in terms of both the building of a democratic state and economic policy were made. Making the judiciary an appendage to the General Prosecutor's Office and the executive branch, the government's control of the media and its defiance of property rights, including extra-judicial decisions to demolish privately owned residential houses, are among the most serious errors of Georgia's post-revolutionary development. Despite its anti-Russian rhetoric, the new government has openly welcomed Russian investments into Georgia's economy. After the Russian aggression and under the impact of the global financial crisis, Georgia finds itself in a more complicated situation. International financial aid of US$4.55 billion, which was pledged at the international donors' conference held in Brussels in October 2008 for the reconstruction of post-war Georgia, may enable the country to avoid the banking and currency crisis.
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| 4 |
ID:
073660
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| Publication |
2006.
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| Summary/Abstract |
The Rose Revolution opened a new chapter in the history of modern Georgia. The post-revolution government achieved a number of successes in areas such as dramatically increasing state budget revenues, fighting corruption, and setting up effective cooperative relationships with the international financial institutions. But it made some mistakes, too, in building a democratic state in general and in its economic policy in particular. Its relationship with Russia and its excessive exposure to Russian investments is particularly troubling. The country's policies need to be fine-tuned in order to protect its democracy and promote further economic growth.
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