History of Georgian Economy: from the recovery to the new crisis (1997-1999)

Abstract

In this article we have shown the economic conditions of Georgia after the Civil war and dissolution of Soviet Union up to 1997 and the new crisis of 1998, its impact and reasons on Georgia, developments. Also, we have studied how arduous it was for unexperienced Government to handle situation under control, how the state bodies reacted and its steps to prevent the crisis

At the same time, the mission of this article is to be an example and lesson for Georgia how to avoid the sharp increase in State and Foreign debts in the future.