Alexi Gugushvili – The Development and the Side Effects of Remittances in the CIS Countries and Georgia: The Case of Georgia

The volume of remittances in Georgia has been growing every year since 2001, but so has the size of the economy. Remittances arguably create moral hazard, at the public level, as the elderly and the poorest are less likely to be remittance recipients. This coincides with the social policies implemented, 2004-2012 , when the increase of old-age pensions and the introduction of targeted social assistance became a priority for the government.

Gugushvili, A. (2013). The Development and the Side Effects of Remittances in the CIS Countries: the Case of Georgia. European University Institute, CARIM-East Research Report 2012/02.

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