The (Non) Reform of the Georgian Pension System, 1991-2011 : a brief history and update
Title: The (Non) Reform of the Georgian Pension System, 1991-2011 : a brief history and update
Author: GUGUSHVILI, Alexi
Series/Number: Norwegian Institute of International Affairs (NUPI); 2012
This study reviews the factors that played a major role in the development of the old-age pension system in Georgia, 1991-2009 and identifies three main stages in this process. Fiscal constraints and international technical assistance were the main factors behind reform initiatives undertaken before 2003 and during the first attempts to change the system. Political factors and liberal economic ideology influenced the patterns of pension policy development in the period 2004–2008, while the negative economic outcomes surrounding the Russian-Georgian War and Global Financial Crisis, along with decreasing political legitimacy, are thought to be major obstacles for comprehensive pension reform at present. The main lesson drawn by this study concerning the post 2012–2013 election-cycle pension initiatives is that decisive steps should be taken based on hard evidence, rather than ideological conviction.
Table of Contents:
This report is a shortened and updated version of the study published in the Caucasian Review of International Affairs in 2009, volume 3, issue 4, pp. 371-386.
Type of Access: openAccess
Files in this item
- The(non)ReformoftheGeorgianPen ...
- Full-text in Open Access