Export Performance in Transition: The Case of Georgia

This paper examines export performance in Georgia in the process
of transition from central planning to market oriented economy. Policy reforms
undertaken with the support of the Bretton Woods institutions since the mid-
1990s have made Georgia one of the most market-friendly economies among the
Commonwealth of Independent States. However, the reforms have so far failed
to transform the lopsided export structure inherited from the Soviet era in line
with emerging opportunities for global economic integration. We conclude that
orthodox liberalisation reforms are unlikely to improve export performance
unless accompanied by concrete measures to redress supply constraints faced by
export producers and to sustain their international competitiveness.