Once a Communist Backwater, Georgia Discovered the Benefits of Free Markets; Now It Risks Abandoning Them

Georgia (the ex-Soviet Republic, not the U.S. state) is now a remarkable success story. Its economy is growing at 5 percent per year, and the country ranks ahead of the United States in economic freedom. Yet, 20 years ago, Georgia was even more miserably poor than the rest of the former Soviet Union. So, what can America and the rest of the world learn from Georgia’s progress?