Tuesday, February 17, 2026

Twin Deficit

Irina Guruli is program coordinator at the Economic Policy Research Center.
Irina Guruli is program coordinator at the Economic Policy Research Center.

Twin deficit is a situation where a country’s economy is running two deficits at the same time: a fiscal deficit, and a deficit on the current account of the balance of payments. According to the twin deficit hypothesis, persistent fiscal shocks cause a deterioration

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Georgia's democratic transition

tedo_japaridze
Tedo Japaridze is Chairman of the Committee on Foreign Relations in the Parliament of Georgia.

I hoped to publish this in an American newspaper during Speaker Usupashvili”s visit to Washington DC, a very successful one, by the way! I wanted Americans to read that message about Georgia and the recent developments there. I did not succeed, but I want to share

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Why the Bipartisan Foreign Policy Resolution is Significant

tedo_japaridze
Tedo Japaridze is head of parliament’s foreign policy committee representing the Georgian Dream coalition.

Adopting a bipartisan resolution on foreign policy in Georgia is significant both in terms of process and in terms of substance.

In terms of process, anything bipartisan, in the first experience of a real bipolar party system, not least a cohabitation, should not be

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Intellectual Dilemma or Political Hoax?

george_khutsishvili
George Khutsishvili is director of the International Center on Conflict and Negotiation in Tbilisi, Georgia.

“Georgia? What kind of place is that?”

“Well, this is a post-Soviet country where a pro-Russian billionaire won the elections over a pro-Western reformer president…”

That is a tag line that has already appeared in many foreign publications on Georgia,

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What Constitutions are not about and what foreign policy is about

tedo_japaridze
Tedo Japaridze is chairman of parliament’s foreign affairs committee.

Polemical reflections on the UNM’s proposal for the constitutionalization of Georgian Foreign Policy

Constitutions are binding principles that are non-negotiable in the context of a polity. This is why principles enshrined in a Constitution set minimum benchmarks,

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The End of Neoliberal Hegemony

Bakar Berekashvili
Bakar Berekashvili is a lecturer at Georgian-American University in Tbilisi.

The new ruling political class needs to make more effort to emancipate their minds from market oriented stereotypes, writes Bakar Berekashvili.

20 years of post-communist transition cultivated and produced lots of troubles, dramas and traumas in many post-communist

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