The Transformation of Georgia from 2004 to 2012

'... a well-balanced synthesis of theory, facts, personal stories and innovative views that is the must read for any person interested in public sector reforms and in the economic transformation...'

-Nika Gilauri, Prime Minister of Georgia, 2009-2012

'... a comprehensive account of Georgia's success, which offers an attractive reform blueprint for other developing economies to follow... fleshes out virtually all key issues in a way that is of practical use to any policy maker in a developing economy...'

-Lado Gurgenidze, Prime Minister of Georgia, 2007-2008

This book discusses the period before and after the Soviet collapse and the impact on Georgia's economy and society. It examines the political economy and the technicalities of Georgia's groundbreaking reforms in 2004-2012 and how they were part of the broad state-building and modernization effort. The author elaborates on the three main pillars of Georgia's growth and investor outreach: health of the sovereign balance sheet, soundness of the business environment and the efficiency of the banking sector. The book also provides cross-country discussion to show how the state building lessons from Georgia could be applied to other similar economies and will be of interest to scholars and professionals in the fields of public finance and economic growth.

Dimitri Gvindadze was the Deputy Finance Minister and the Finance Minister of Georgia from 2005-2012. He was Lead Economist of the European Bank for Reconstruction and Development (EBRD) responsible for Eastern Europe and the Caucasus from 2014-2015, and has been the EBRD Country Head in Moldova since 2016.

Auteur

Dimitri Gvindadze was the Deputy Finance Minister and the Finance Minister of Georgia from 2005-2012. He was Lead Economist of the European Bank for Reconstruction and Development (EBRD) responsible for Eastern Europe and the Caucasus from 2014-2015, and has been the EBRD Country Head in Moldova since 2016.

Résumé

This book discusses the period before and after the Soviet collapse and the impact on Georgia's economy and society. It examines the political economy and the technicalities of Georgia's groundbreaking reforms in 2004-2012 and how they were part of the broad state-building and modernization effort. The author elaborates on the three main pillars of Georgia's growth and investor outreach: health of the sovereign balance sheet, soundness of the business environment and the efficiency of the banking sector. The book also provides cross-country discussion to show how the state building lessons from Georgia could be applied to other similar economies and will be of interest to scholars and professionals in the fields of public finance and economic growth.

Contenu
Chapter 1: The escape velocity of reforms.- Chapter 2: Georgia's J-curve.- Chapter 3: Political economy of Georgia's reforms in 2004-2012: the ten commandments.- Chapter 4: Pillars of Georgia's growth and of investor outreach in 2004-2012.- Chapter 5: The outcome: sound growth, significant inbound investment, substantially reduced corruption.- Chapter 6: The limits and the virtues of the public action: the example of agriculture.- Chapter 7: Riding the Bicycle.