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Экономика Грузии: Хрупкая Устойчивость Роста
[Economy of Georgia: Fragile economic stability]

Author

Listed:
  • Grigoryev, Leonid
  • Pavlyushina, Victoria
  • Muzychenko, Evgeniya
  • Kulaeva, Nesipli

Abstract

This paper is devoted to the analysis of the main factors of economic growth stability of Georgia persistent during the last 30 years of the country’s development. Exceptional gravity of the crisis in the beginning of market transformation of Georgia in 1980—1990 as well as the success of market reforms is discussed. The article also highlights the consequences of the transitional period both for the citizens of the country and for the whole economy, in particular for human capital development under conditions of persistent socio-economic imbalances. In addition, this research analyzes recent changes in the structure and the drivers of economic growth and the dependence of Georgian economy on external financing (both investments and personal remittances). Even though there has been a noticeable macroeconomic stability in the post-Soviet period which manifests itself in stable GDP growth rates, social development of Georgia is still characterized by a number of problems such as low natural population growth, high levels of poverty and social inequality.

Suggested Citation

  • Grigoryev, Leonid & Pavlyushina, Victoria & Muzychenko, Evgeniya & Kulaeva, Nesipli, 2019. "Экономика Грузии: Хрупкая Устойчивость Роста [Economy of Georgia: Fragile economic stability]," MPRA Paper 102523, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:102523
    as

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    File URL: https://mpra.ub.uni-muenchen.de/102523/1/MPRA_paper_102523.pdf
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    References listed on IDEAS

    as
    1. Leonid M. Grigoryev & Lyubov Popovets, 2019. "Sociology of individual tragedies. Homicides and suicides: Cross-country cluster analysis," Russian Journal of Economics, ARPHA Platform, vol. 5(3), pages 251-276, October.
    2. World Bank & International Finance Corporation, 2006. "Doing Business 2007 : How to Reform," World Bank Publications - Books, The World Bank Group, number 7245, December.
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    More about this item

    Keywords

    economic growth; Georgia; post-Soviet states; human capital;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies
    • P21 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Planning, Coordination, and Reform

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