Security is the biggest challenge for our economy. To counteract a similar challenge, Israel, for example, is entirely militarized, regardless of the fact that numerous international lobbyist groups assist it, including financially. A country facing such security challenges might have armed forces three or four times stronger than Georgia and a defense budget 10 times larger.
The more powers, functions and mechanisms concentrated in the hands of a government, the more etatistic its policy with the people more restricted by, and subordinated to, the government. And vice versa, in a country where the government has very few functions, people live, act, study and work more freely.
After a recent TV address of Georgian Prime Minister Irakli Garibashvili, it became known that the state’s efforts in 2014 and the coming years will be focused on the implementation of an import replacement policy. According to the prime minister: “it is a shame when imports account for 80% of the net export structure.”
New Economic School – Georgia has the pleasure to invite you to Summer University. This years’ edition devoted to the topic of Public Choice: The Necessity of Limiting of Government Power will be held in Bakuriani, Georgia, on August 8-14, 2015.
I don’t believe that we need central banking, monetary policy or our national monetary unit. Without this, we can’t avoid two essential problems – politicization of the monetary politics and also its competitiveness. But by saying this I do not wish to imply that in this particular case of devaluation of the lari the central banking system was the major problem. Quite the opposite.
Georgia’s economic story after the collapse of the Soviet Union (SU) is important to be considered and analyzed in Georgia and in any developing and transition economy nations. There are several reasons why Georgia’s experience is interesting and valuable. First of all, it shows almost all the wrong sides of central planning and a centralized, bureaucratized and command economic system.
New Economic School – Georgia has the pleasure to invite you to the International Winter School “Bridge to the real life” held in February 2015 in Georgia.
The goal of the project is threefold: first, to identify theoretical role of an entrepreneur, second, to determine the influence of religion, history, culture, tradition, values on the image of an entrepreneur in countries of participants, and third, to design publicity campaign for facilitation of the spirit of entrepreneurship and image of entrepreneur as that of a creator and innovator among youth.