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Georgia: Economic Reform
Country Study > Chapter 6 > The Economy > Economic Reform

ECONOMIC REFORM


Like all the former Soviet republics, Georgia recognized the need to restructure its economic system in the early 1990s, using national economic strengths to accommodate its own needs rather than the needs of central planners in Moscow. The road to reform has been full of obstacles, however: poor political leadership, the economic decline that began in the 1980s, civil war, and a well-established underground economy that is difficult to control.




Last Updated: March 1994


Editor's Note: Country Studies included here were published between 1988 and 1998. The Country study for Georgia was first published in 1994. Where available, the data has been updated through 2008. The date at the bottom of each section will indicate the time period of the data. Information on some countries may no longer be up to date. See the "Research Completed" date at the beginning of each study on the Title Page or the "Data as of" date at the end of each section of text. This information is included due to its comprehensiveness and for historical purposes.

Note that current information from the CIA World Factbook, U.S. Department of State Background Notes, Australia's Department of Foreign Affairs and Trade Country Briefs, the UK's Foreign and Commonwealth Office's Country Profiles, and the World Bank can be found on Factba.se.

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