Economic Transformation and Government Reforms in Georgia 2004-2012
Nika Gilauri, has recently published a book Practical Economics: Economic Transformation and Government Reform in Georgia 2004-2012. Former Prime Minister discusses why the Georgian case is exemplary and relevant for countries in transition. He describes how Georgia managed a breakthrough in the fight against corruption, rightsizing of government, creation of business-friendly environment, tax and customs reform, privatization of state-owned companies, etc. During the seminar, Mr. Gilauri will try to answer a question: how do you manage a transformation to bring about fast and sustainable growth? And he will approach this question from two angles: What is the right size for a government, both in terms of its regulatory footprint and in terms of its budget in relation to the size of the economy? How do you ensure a government’s efficiency in terms of its decision making, its interaction with the private sector, financial flows, and the services it provides?
Mr. Gilauri has been a managing partner of Reformatics since 2012 and a senior advisor to McKinsey & Company since 2014. Earlier, he spent 8 years in the Georgian government, where he served as Minister of Energy (2004-2007), Minister of Finance (2007-2009) and Prime Minister (2009-2012). Mr. Gilauri’s term as Prime Minister was notably marked by rapid economic recovery and growth in the aftermath of the 2008-2009 global economic crisis: Georgia’s GDP rose from - 9.0% when Mr. Gilauri was appointed (Q2 2009) to +8.1% when his term came to an end (Q2 2012). Georgia’s budgetary deficit also decreased during his term as prime minister, dropping from 9% in 2009 to 3% in 2012.
During his time in government, Mr. Gilauri also guided reforms in the energy sector, fiscal policy, healthcare, customs, education and other spheres of economic development, and contributed to efforts to improve Georgia’s overall business environment. His greatest achievement as Minister of Energy was to transform Georgia from being a country of semi- permanent blackouts into a net exporter of electricity to all its neighbors.
In his more recent capacity as managing partner of Reformatics, Mr. Gilauri has been involved in over 20 advisory assignments on three continents for various high-ranking government officials and politicians including presidents and prime ministers. Mr Gilauri holds a BA in Economics and Finance from the University of Limerick (Ireland) and an MA in International Business Management from Temple University (USA).