Selling the Georgian Dream

By Luka Oreskovic Eight years ago, an enthusiastic crowd gathered in front of the Tbilisi parliament for Mikheil Saakashvili’s presidential inauguration. “We must create the Georgia that our ancestors dreamed of,” he told them, “the Georgia that we dream of.” His dream was that of a democratic, NATO member country with a growing liberalized economy, low corruption and high living standards. Since then, President… Read More

Revisiting Privatization, Now is the Time

Background Over the past two decades, the privatization of state enterprises has gone from novelty act to global orthodoxy. More than 100 governments have sold stakes in state companies to private investors, raising $1 trillion and transforming the state’s economic role. Just as privatization’s promise may have been oversold, so its ills have been exaggerated.… Read More