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Towards Strong and Balanced Growth: Georgia’s Economic Policy Priorities in 2017-2020
05 April 2017

This research paper intended to supplement and complement the following economic policy strategies and plans of the Georgian government in the areas of sustainable and balanced growth.

In Georgia Education Matters (But Probably Will Not Make You Rich)
27 March 2017

It is widely recognized that education is the key to the future. In general, educated people have higher earnings and lower unemployment rates and highly-educated countries grow faster and innovate more than the other countries. Therefore, in the recent economic literature, education is considered as an investment good and look for the other investments, there are the costs and benefits of the investments in the education.

Study on trade facilitation in the south caucasus
15 February 2017

South Caucasus Trade Study to identify a number of areas focusing on three thematic components: (i) Trade, export, investment, and private sector development measures, (ii) Border management, (iii) New developments in regional integration.

How to De-Dollarize in a Smart Way: Lessons from the Georgian and Foreign Experiences
04 February 2017

Unofficial (partial) dollarization describes a situation when a foreign currency is used alongside the domestic currency for transactions purposes and as a store value. High partial dollarization is not good for a country, as it ties the hands of its Central Bank when it wants to use monetary policy. In a highly dollarized economy, national currency depreciation can even lead to financial instability.

Structural Transformation in Georgia – In the Right Direction at a Turtle’s Pace
21 November 2016

Structural transformation of the economy is one of the most important determinants of economic development. Almost invariably, nations that have managed to pull themselves out of poverty were able to diversify their economies away from low productivity sectors. In advanced countries, productivity differences between sectors are generally small, and growth mostly happens because of productivity improvements within sectors.

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