Georgia - A Transition Economy

Mind your Business - 03 October 2005

The path of transition to market economy from planned economy is not easy for any of the countries involved. The remarkable thing is that there have been a number of similarities in the way in which all of the former Soviet republics have gone through the transition to market economies. This allows us to look at how such economies develop and also learn something about what we, in the West, may take for granted about the way a market economy works and what is needed to ensure it works smoothly - well as smoothly as possible anyway!

Full Text: http://www.bized.ac.uk/current/mind/2005_6/031005.htm

Related Links for Research:
National Bank of Georgia (http://www.nbg.gov.ge/NBG_New/home_nf1.htm)
Economic statistics - from the National Bank of Georgia (http://www.nbg.gov.ge/NBG_New/Publications/sarch_last.htm)
Georgia country fact sheet - from Yahoo Finance (http://biz.yahoo.com/ifc/ge.html)
Georgia purges education system - from the BBC (http://news.bbc.co.uk/1/hi/world/europe/4724213.stm)
Saakashvili: Georgia will join NATO, EU - from ABC News (http://abcnews.go.com/International/wireStory?id=1126940&CMP=OTC-RSSFeeds0312)
The EU's relations with Georgia - from Europa (http://europa.eu.int/comm/external_relations/georgia/intro/)
Transition economies: From planned to market systems - Biz/ed Mind your Business feature (http://www.bized.ac.uk/current/mind/2003_4/011203.htm)