As Georgia transitioned from one administration to another, it went from politically-motivated overspending on extravagant construction projects, to underspending and excessive fiscal conservatism. The result was a significant slowdown in economic growth, pouring cold water...
Investment in rural road infrastructure is no silver bullet. Still, it may provide an effective way to promote the much needed transition from subsistence farming to commercial production and exchange. If Georgia builds good roads,...
Are farmers better off as a result of a $400 million investment by the Millennium Challenge Corporation (MCC) in Georgia’s agriculture, road and water infrastructure? An expensive attempt at a rigorous impact evaluation by the...
Ukraine's land rental market allowed for quick and flexible land consolidation in the hands of very large agricultural holdings. Yet, data show that land consolidation in and of itself does not lead to efficiency gains....
The moratorium on foreign ownership of agricultural land will not help bring investment or increase the productivity and incomes of Georgia’s smallholder farmers. By imposing the moratorium, however, the Georgian government showed awareness of the...