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...

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...

The article provides an evaluation of the early years of reform measured against a ‘standard” model of economic reform, an account of recent developments under a resumed and more purposeful programme of reform, and proposals for future action to invigorate the Georgian economy. The method of...

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...

Soft budget constraints (SBCs) are a persistent feature of transition economies and have been blamed for i.a. a lack of fiscal consolidation and sluggish growth. EU eastward enlargement has - among other things - been conditioned on tackling SBCs. This paper analyzes such outside conditionality...

Why some party-states collapse and others don't? Why some transformations are accompanied by economic crisis while others by economic growth? Are first political or economic transformation strategic alternatives? This paper comprises the essence of the author's comparative research on...

This study is the theoretical chapter of a planned book. This book, aims to contribute to the theoretical foundations of similarities and differences in the transformation of party-state systems. Analytical framework of system transformation is based on the extension of the Interactive Party...

The corruption is a secondary phenomenon, because there are economic preconditions causing it. Unless the achievement of macroeconomic stability and the formation of the institutions appropriate to a market economy reach their logical ending, both of them may become the cause of corruption in...