Wednesday, December 1, 2010

Reform in the Republic of Georgia, 1st Dec., 2010.

Previous research has shown that economies, or organizations, must face a crisis before they reform.  Craig MacPhee, in his article on the Republic of Georgia, as found beliefs to be much more influential than actual conditions.
After a decade of reform, there is still widespread belief in the outmoded Soviet ideas of isolationism, government control, capitalistic exploitation and instability. These ideas impede the process of reform by providing a rationale for government policies that are inefficient, fiscally and monetarily irresponsible, anticompetitive, and inflationary.  These ideas also foster corruption among poorly paid government officials and cynicism among the citizens. 

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