Financial Crisis & Adventures of the Georgian Lari (Business Issues, Competition and Entrepreneurship)

Today, it is necessary to learn about current changes in the economy of certain countries such as the Republic of Georgia, the reasons concerning the sharp fall of the exchange rate of the Georgian lari, ways to prevent expected inflation, and finally, the Author examiens ways to develop reliable facilities and sources for saving national currency. The purpose of this book is to develop recommendations for the root cause analysis; substantiate the inevitable devaluation of the Georgian lari; develop correct monetary and fiscal policies; regulate the exchange rate of the lari; provide recommendations on how to extend the economy of the country and increase foreign investments; create an attractive investment climate and activate large investment projects; and raise the potential of export and improve incentives. Due to the fact that this monograph is written in English and that it will introduce a wide range of societies within the world, the author considers it necessary to attach a brief set of chronicles and illustrations of the national currency of Georgia. Results of the study within the monograph are represented in the form of ten economical axioms of solving problems. Their implementation will support general sustainability of the economy, implement correct management of monetary and fiscal policies of the country, and improve the attractiveness of the investment climate among other projects as well. For visual aid, this book includes charts, tables, and samples of ancient Georgian money.