In early August 2008, hostilities broke out between Georgia and Russia over the breakaway region of South Ossetia. Russian troops quickly defeated Georgian forces in South Ossetia and marched far into Georgian territory, drawing widespread criticism from the international community.
Russia and the effectiveness of economic sanctions between big players
Barbara Oegg, Kimberly A. Elliott, 8 October 2008
Governance and growth: Why does Georgia lag behind Estonia?
Thorvaldur Gylfason, Eduard Hochreiter, 2 August 2008
Looking at the fate of the fifteen states that emerged from the Soviet Union, it is striking how different their economic evolutions have been. The severity of the plunge around 1989 was closely related to the extent of the systemic failure of central planning as well as to local mismanagement.
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
Cadot, de Melo, 16 June 2014