Lessons from Georgia's neoliberal experiment: A rising tide does not necessarily lift all boats

Between 2004 and 2012, Georgia implemented one of the most comprehensive packages of neoliberal economic reforms ever. These reforms have certainly helped to spur growth, but their social effects remain under-researched. To narrow this gap, this article investigates the effects of growth on poverty in Georgia using the official household survey data. The analysis shows that contrary to popular expectations, poverty has decreased only slightly throughout this period and remains high despite a number of progressive measures adopted by a successor coalition government. These findings provide further evidence on the inappropriateness of the neoliberal model as a poverty reduction strategy.