Any economic system in any country in the world, especially at the end of the current century, is a unique synthesis of legal and illegalâshadow economic activity. The illegal, hidden economy functions on a par with the legal economy, has enormous dimensions, and in some countries practically...

As a number of scholars have pointed out, the transition to a new paradigm of economic science requires rethinking many concepts that have been affirmed in economic science.sup1/sup We would like to focus attention on such an important sphere of research as the economic activity of the...

The economy of the former Soviet Union was characterized by a high degree of integration of the economies of all of the Union republics, and was based on an explicit nationwide division of labor. This explains why the existence of the entities of the Union in a unified nation for seventy long...

The author attempts to show what actual achievements have resulted from economic reforms carried out in Georgia since the 2003 "Rose Revolution," and to debunk some fundamental myths surrounding these reforms. This analysis leads him to conclude that Georgia can be regarded as a symbiosis of...

Since its declaration of independence, Georgia has failed to create an economic system that can provide the basis for stable economic development. The expectations and reforms undertaken after the "Rose Revolution" have not been met. What has developed as a result is a poor country's consumer...

We find that direct comparisons of economic growth by region are not constructive due to the catch-up effect, so certain preconditions must be taken into account. We propose adjusting levels of economic growth based on a hypothesis of proportional overlap for the catch-up effect, after which...

The fall of 2003 appeared to be a turning point in the history of independent Georgia: during November 22--23, Georgia witnessed a Rose Revolution. This event was caused by the harmful social consequences of a number of negative factors, including economic ones. Relatively high level of...