The scars of the 2008 global financial crisis and the festering wounds of the ongoing European debt crisis seem to have obscured one simple textbook truth.
With the recent changes in the Georgian government, the Partnership Fund has received renewed attention. The fund is now headed by two political heavyweights, the former Prime Minister, Nika Gilauri, and the former Minister of Finance, Dima Gvindadze.
We economists tend to search for economics behind everything. It's as if it is some kind of disease, for which there is no cure. I admit, I myself suffer from it.
Car export was 20.5% of the total exports in 2011 and it had the highest share in total exports, among all export goods. What a striking fact! So, what does this mean for Georgia and how can we become regionally more competitive in the car trade?
Despite arduous government efforts to reduce regional disparities, population and wealth are very unevenly distributed across Georgia’s territory.