First steps and initial results of reforms -- Role of the international Monetary Fund in the transformation of Georgian economy before the "Rose Revolution" -- The pre-revolutionary state of Georgia's economy -- The post-revolutionary development of Georgia's economy -- Economic challenges for...

This article reviews the first-generation post-Communist reforms of Georgia’s economy. It points out the mistakes made during the reform of post-Communist Georgia’s economy and identifies the reasons for the failure of Shock Therapy in post-Communist Georgia based on an analysis of the...