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"The author discusses the experience of Georgia following the
collapse of the Soviet Union in a broad analytical and empirical
framework. He displays a deep knowledge of post-Communist
transition and provides an interesting analysis of various sectors
of the transitional economy." "Vladimer Papava has written an insightful account of the policy
mistakes and successes of the economic transition in Georgia. This
highly readable work flags mistakes pushed by outsiders, such as
overly complicated regulatory legislation, and the failures of
Georgia's own politicians, most notably, allowing a permissive
climate for corruption." "Drawing on the Georgian experience, Professor Papava explores
the transformation of Communist societies into market economies.
Particular attention is paid to the problems presented by
hopelessly uncompetitive industries (necroeconomy), the difficulty
in establishing an effective tax system, and the successes and
mistakes of the International Monetary Fund." ""Necroeconomics" presents a deep analysis of the lessons of
economic transition in Georgia by a scientist and practitioner with
a front-row view of the events. The book also provides a useful
overview of economic thought on transition to market. It will prove
equally interesting for economists and laypeople."
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