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Georgia - Systematic Country Diagnostic : from reformer to performer (English)

The fate of future generations of Georgians will be decided to start now. A girl born in Georgia today can expect to live for more than 86 years, to 2104. This girl, and her peers, will shape Georgia in the 21st century, but her future will also depend on the path that the country chooses today. What will her life look like when she becomes an adult? What will it take for her to be able to realize her dreams in Georgia, rather than abroad? What job prospects will the country offer? How can Georgia become a leading emerging-market economy and middle-class society, in which her children will have even greater opportunities? This Systematic Country Diagnostic (SCD) highlights the country’s core development challenges and opportunities. It takes stock of Georgia’s development progress since its ‘rebirth’ a quarter of a century ago. It also takes a forward look at the social and economic landscape, and possible futures that this Georgian girl and her peers will need to navigate. The SCD focuses on the twin goals of ending extreme poverty, which Georgia can achieve in the next decade, and boosting the incomes of households, specifically for those at the bottom of the income distribution, to create shared prosperity. The SCD also lays out the elements of a strategic vision to overcome obstacles and leverage opportunities in sustaining high growth, improving equity, and creating a sustainable future.

Details

  • Document Date

    2018/04/27

  • Document Type

    Systematic Country Diagnostic

  • Report Number

    125798

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Georgia,

  • Region

    Europe and Central Asia,

  • Disclosure Date

    2018/04/30

  • Disclosure Status

    Disclosed

  • Doc Name

    Georgia - Systematic Country Diagnostic : from reformer to performer

  • Keywords

    Deep and Comprehensive Free Trade; Program for International Student; pension and social assistance; information and communication technology; institutional investor credit rating; personal income tax reform; real gross domestic product; limited access to finance; high rates of investment; average per capita income; finance and markets; total factor productivity; global financial crisis; Internally Displaced Person; macroeconomic and fiscal; current account deficit; Universal Health Care; power purchase agreement; total external debt; education and health; foreign direct investment; free trade agreement; purchasing power parity; global trade analysis; cost of capital; targeted social assistance; value added tax; Rule of Law; standard of living; control of corruption; international financial institution; Private Sector Growth; share of employment; participation in education; Transport and ICT; Poverty and Equity; trade and competitiveness; land and water; labor force participation; poverty and gender; income from employment; persistent gender gap; global value chain; corporate credit rating; prudent fiscal management; impact of shock; quality of learning; culture and nature; high growth rate; Access to Education; nontax revenue source; source of financing; world development indicator; Social Safety Nets; business environment; public-private partnership; productivity gain; trade integration; domestic demand; governance reform; capital accumulation; economic trajectory; productivity growth; nonperforming loan; open economy; long-term growth; parliamentary election; political transition; hydropower development; fiscal space; Financial Sector; world economy; Civil War; social policies; social policy; disposable income; trading partner; extreme poverty; banking sector; global marketplace; inclusive growth; human capital; demographic dynamic; exporting firms; private consumption; soft skills; tradable sector; contingent liability; Job Creation; contingent liabilities; agglomeration effect

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Citation

Georgia - Systematic Country Diagnostic : from reformer to performer (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/496731525097717444/Georgia-Systematic-Country-Diagnostic-from-reformer-to-performer