The goal of the present paper is to analyze changes in the compositional structures of Georgia's economy, explore the related qualitative transformations and explain implications for trade and development. By comparing the evidence of several European countries, we put Georgia's structural...

Chinaâ??s current account surplus has declined to around one-quarter the peak reached before the global financial crisis. While this is a major reduction in Chinaâ??s external imbalance, it has not been accompanied by a decisive shift toward consumption-based growth. Instead, the compression...

After the fall of the Iron Curtain, people across the former socialist world saw their lives transformed. In just a few years, labor markets were completely disrupted, and the meanings attached to work were drastically altered. How did people who found themselves living under state socialism one...