Practical Economics : : Economic Transformation and Government Reform in Georgia 2004-2012.
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| Place / Publishing House: | Cham : : Springer International Publishing AG,, 2017. ©2017. |
| Year of Publication: | 2017 |
| Edition: | 1st ed. |
| Language: | English |
| Online Access: | |
| Physical Description: | 1 online resource (220 pages) |
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Table of Contents:
- Intro
- Practical Economics
- Preface
- Notes
- Acknowledgments
- Contents
- List of Figures
- 1 Carpe Diem
- 1.1 Learning from Georgia
- 1.1.1 Laboratory of Reforms
- 1.1.2 Everything that Could Have Happened, Had Happened
- 1.1.3 Unique, but Exemplary
- 1.2 Georgia Before and After
- 1.2.1 Corruption
- 1.2.2 Ease of Doing Business
- 1.2.3 Economic Growth
- 1.2.4 Energy Supply
- 1.3 Room for Improvement
- Notes
- 2 Fighting Corruption
- 2.1 Don't Waste a Crisis
- 2.2 Incentives: Carrots and Sticks
- 2.3 Simplification: The Devil Is in the Details, Unless the Details Are Simple
- 2.4 Regulatory Restraint: Less Is More
- 2.4.1 Growth Maximization
- 2.4.2 Enforceability
- 2.5 Enforcement: Checks and Balances
- 2.6 Procurement - Balancing Transparency with Flexibility
- 2.7 Trust Regained and Books Rebalanced
- 2.8 Bonus Systems
- 2.9 Outlook
- Notes
- 3 Rightsizing Fiscal and Monetary Policies
- 3.1 Rightsizing the Government - Budget Optimum
- 3.1.1 Forward-Looking Fiscal Policy
- 3.1.2 One Budget Principle
- 3.1.3 Public Investment Ratio vs. Budget Deficit
- 3.2 Taking a Risk with Anti-austerity
- 3.2.1 What Georgia Did
- 3.2.2 Why It Worked
- 3.3 Institutional Implications
- 3.3.1 IFI Assistance Can Be a Liability
- 3.3.1.1 Lack of Coordination
- 3.3.1.2 Conflicts of Interest
- 3.3.1.3 Issues with Loans
- 3.3.1.4 The Special Coordination Team
- 3.3.1.5 Lessons Learned
- 3.3.2 No More Chinese Walls?
- 3.3.3 Inflation Can Be an Asset
- Notes
- 4 Creating a Business-Friendly Climate
- 4.1 The Hub Economy
- 4.2 Georgia's "Doing Business" Reforms
- 4.2.1 One Government Principle
- 4.2.2 Silence Is Consent
- 4.2.3 Fee-Based Service Delivery
- 4.2.4 Ex Ante vs. Ex Post Licensing
- 4.2.5 Piggybacking
- 4.2.6 Regulatory Guillotine
- 4.2.7 Sunset Clause Approach.
- 4.3 Thoughts on the World Bank's Methodology
- 4.4 "Doing Business" Reforms in Kazakhstan
- Notes
- 5 Reforming Taxes and Customs
- 5.1 Tax Code Simplification
- 5.2 Mediation
- 5.3 IT-Enabled Risk Assessment and Outsourcing of Audits
- 5.4 Additional Measures
- 5.4.1 Mystery Shopping
- 5.4.2 Lottery on Receipts
- 5.4.3 Electronic Tracking and Tracing
- 5.5 Bazars
- 5.6 The Estonian Model
- 5.7 Customs Reform
- Notes
- 6 Privatizing State-Owned Enterprises
- 6.1 The Challenge
- 6.2 The Five-Step Process
- 6.3 The Outcome in Georgia
- 6.4 Strategic Assets
- 6.5 Partnership Funds
- Notes
- 7 Reforming the Energy Sector
- 7.1 Georgia's Energy Sector in 2004
- 7.2 Temporary Centralization of Command for Improved Accountability
- 7.3 Change of Staff and Management Contracts to End Corruption
- 7.4 Communal Metering to Drive up Collection Rates
- 7.5 From Single Buyer to Deregulated Structure
- 7.6 Checks and Balances
- 7.7 Introduction of a Fact-Based Tariff System
- 7.8 New Market Rules
- 7.9 The Kazbegi Cucumber Case
- 8 Welfare − Focusing on the Neediest with a Simple Scoring Model
- 8.1 Welfare in Georgia Before 2004
- 8.2 Social Subsidies as Electoral Bribes
- 8.3 Corruption and Inefficiency
- 8.4 Inbuilt Inertia
- 8.5 Starting from Scratch with a Scoring Model
- Notes
- 9 Healthcare - Unleashing the Power of Public-Private Partnership
- 9.1 The Solidarity Challenge
- 9.2 The Special Insurance Program
- 9.3 Initial Setbacks
- 9.4 Healthcare Clusters
- 9.5 Human Resource Development
- 9.6 Resolving Conflicts of Interest
- 9.7 The End State
- 9.8 Later Developments
- Notes
- 10 Education - School Financing and University Reform
- 10.1 School Reform - Diverting the Flow of Financing from Schools to Students
- 10.1.1 The Long Haul
- 10.1.2 Bribes over Brains
- 10.1.3 Getting Started.
- 10.1.4 School Financing: Money Follows Students
- 10.1.5 The Black Hole
- 10.1.6 Reforming the Reform
- 10.1.7 Results
- 10.1.8 Broken English
- 10.2 University Reform - From Lenin to Clinton
- 10.2.1 Degrees for Sale
- 10.2.2 Partial Privatization and Scholarships
- 10.2.3 Matching Skills to Vacancies
- 10.2.4 An American University in Georgia
- Notes
- 11 Formula for Leadership
- 11.1 Team
- 11.2 Vision
- 11.3 Action
- 11.4 The Russian Invasion
- 11.5 Trading Jack for Benjamin
- 11.6 The War Room
- Notes
- Afterword - From Plutocracy to Meritocracy
- References
- Index.