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The new issue of Investor.GE is out, this time focusing on Georgia as the hub for the South Caucasus and Central Asia. This quote from the lead article caught my attention.
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Starting from October 15, Georgian consumers have to pay about 5-10 tetri more for one loaf of bread. Many large producers increased their prices.
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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.
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Supported by the German development organization, GIZ (Deutsche Gesellschaft fur Internationale Zusammenarbeit), ISET-PI conducted a training program for participants from Georgian government organizations, the national bank, and think tanks.
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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.