Posts by Vladimer Papava:

Opinion

The Georgian model of libertarianism and its applicability to Ukraine

by | Sep 29

Ukraine has garnered the world’s attention as a country facing a myriad of complex challenges, among which economic problems play a significant role.  The corruption-stricken government of Ukraine is reminiscent of Georgia in the beginning of the 21st century,

Opinion

Myths about the Georgian Economy

by | Oct 18

During the reforming of post-revolutionary Georgia’s economy, significant experience has been accumulated in this field, both positive and negative. A plethora of myths about post-revolutionary Georgia have been created. The most accepted myths about Georgia’s economy need to be debunked. Myth 1: “Georgia—A Country of Neo-Liberal Reforms” Georgia received this status thanks to the enumerated successes in reforming its economy. Adoption of a Labor Code which limits employees’ rights and expands those of employers’, should be pointed out along with downsizing of government employees, reduction of the tax burden and simplification of procedures for obtaining licenses and various types of permits necessary for starting up a business. Such reforms were called neo-liberal reforms; it was emphasized that such reforms contribute to making the country more attractive for investment. Thanks to these reforms Doing Business, which is prepared by the International Financial Corporation (IFC) and the World Bank, Georgia moved from 112th place to 37th place in 2006; to 18th place in 2007; and to 12th place in 2010. Of course, the Government of the country advertises this achievement in every way possible. The actual ...

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