Economics suggests that competition in a market brings more welfare to a country. Anti-monopoly agencies exist to create policies that limit market dominance and achieve competition.
The literature, typically using panel data covering many countries, shows that higher government turnover rates reduce growth significantly in both economic and statistical terms, even for established democracies.
Several years ago the (now former) Georgian government started successful reforms in the electricity sector and was eagerly looking forward to future projects.
The private provision of childcare in Georgia’s cities has been on the rise during the last few years as is especially evident in the capital.
The term “economics imperialism” has been coined in recent decades to describe a tendency of economists to meddle with such seemingly non-economic aspects of life as crime, the family, irrational behavior, politics, culture, religion, and war. Mine is an attempt to invade the world of music.