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
Even as Europe and the United States encourage the countries between Russia and the West to adopt a “both/and” approach to relations with the two and in many cases criticize those governments which don’t, Moscow has signaled that in its view, these countries
Democratura is a term that would resonate perfectly with a post-Soviet republic, such as Georgia, mainly because it is a word designed to resemble the word “Nomenklatura,” that is, people who rule in the name and by virtue of their patron. There is something lucid and honest about this word, in that it assigns personal … Read more
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
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
“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,
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,
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
Certain powers in Europe declare unconditional support for Mikheil Saakashvili and his National Movement whom the Georgian people replaced peacefully, through tremendous efforts and social consolidation. This article offers the reader a description of reasons behind
The victory of the opposition in the October 1, 2012 parliamentary election created an unusual political situation for Georgia: the majority in parliament and the local governments are controlled by two different political forces, the ruling and the opposition party.