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...

Purpose – The purpose of the paper is to review the issues involved in determining the appropriate speed of adjustment and the sequencing of economic reforms, and to develop a checklist of key guidelines for policymakers as a basis for their decision‐making process....

Several countries in the post-Soviet world have completed the transition to a European-type market economy and have been admitted to the EU. For others - either partly or totally unsuccessful in transitioning - the question of whether or not this kind of market economy could be built is not even...

Similarly to other post-Communist countries Georgia also embarked transition from a command economy to a market economy. The Georgian experience of reforming its economy should be considered interesting as the country succeeded in overcoming the hyperinflation and the economic downturn was...