Georgia - Poverty dynamics, 2003-2010

For Georgia, the 2000s were characterized not only by sweeping economic reforms and subsequent strong growth, but also by two major shocks. Following the rose revolution, the Georgian economy and institutions underwent major positive transformation...

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Bibliographic Details
Main Author:	World Bank
Format:	Other Poverty Study
Language:	English
Published:	World Bank 2012
Subjects:	ABSOLUTE POVERTY ACCESS TO FOOD AGGREGATE POVERTY AGRICULTURAL SECTOR ANNUAL GROWTH ANTI-POVERTY BASIC HUMAN NEEDS CLEAN WATER CONFLICT CONSUMER PRICE INDEX CONSUMPTION AGGREGATE CONSUMPTION DATA CONSUMPTION EXPENDITURES DECLINE IN POVERTY DECOMPOSABLE POVERTY DECOMPOSABLE POVERTY MEASURES DEPENDENT VARIABLE DEVELOPING COUNTRIES DIMENSIONS OF POVERTY DISTRIBUTIONAL IMPACT ECONOMIC ACTIVITY ECONOMIC DIVERSIFICATION ECONOMIC DOWNTURNS ECONOMIC GROWTH ECONOMIC REFORMS ECONOMIC SHOCKS ECONOMICS EMPIRICAL EVIDENCE ERROR TERM ESTIMATES OF POVERTY EXCHANGE RATE EXPLANATORY VARIABLES EXTREME POVERTY FINANCIAL CRISIS FOOD NEEDS GDP GROWTH ELASTICITY GROWTH PERFORMANCE GROWTH PROCESS GROWTH RATE GROWTH RATES HEADCOUNT RATIO HEALTH CARE HIGH GROWTH HOUSEHOLD BUDGET HOUSEHOLD CONSUMPTION HOUSEHOLD DATA HOUSEHOLD SURVEY HOUSEHOLD SURVEYS HOUSEHOLD WELFARE HOUSING HUMAN DEVELOPMENT IMPACT ON POVERTY INCIDENCE OF POVERTY INCOME INCOME DATA INCOME GROUPS INEQUALITY LABOR FORCE LABOR MARKET LIVING STANDARDS MEASURING POVERTY PENSION INCOME PER CAPITA CONSUMPTION POLICY CHANGES POLICY REFORMS POLICY RESEARCH POOR POVERTY ANALYSIS POVERTY ASSESSMENT POVERTY DYNAMICS POVERTY ESTIMATES POVERTY GAP POVERTY HEADCOUNT RATE POVERTY IMPACT POVERTY INCIDENCE POVERTY INCREASE POVERTY INDICES POVERTY LEVELS POVERTY LINE POVERTY LINES POVERTY MAPPING POVERTY MEASUREMENT POVERTY MEASURES POVERTY MONITORING POVERTY POLICIES POVERTY RATE POVERTY RATES POVERTY SEVERITY POWERLESSNESS PRO-POOR PROGRAMMATIC POVERTY ASSESSMENT PUBLIC EXPENDITURES PUBLIC SECTOR PUBLIC SECTOR REFORM QUESTIONNAIRE DESIGN RAPID GROWTH REDUCTION IN POVERTY REFORM EFFORTS REGIONAL PERSPECTIVE REGIONAL VICE PRESIDENT RURAL RURAL AREAS RURAL HOUSEHOLDS RURAL POPULATION RURAL POVERTY RURAL POVERTY INCIDENCE RURAL POVERTY REDUCTION RURAL QUINTILE SAFETY NET SANITATION SIGNIFICANT REDUCTION SOCIAL ASSISTANCE SOCIAL IMPACTS SOCIAL PROGRAMS SOCIAL PROTECTION SQUARED POVERTY GAP STANDARD OF LIVING STRUCTURAL REFORMS SUBSISTENCE UNEMPLOYMENT URBAN AREAS URBAN POVERTY WAGE GROWTH WEALTH GROUPS WELFARE MEASURE WELFARE MONITORING
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20111214014137 http://hdl.handle.net/10986/2806

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Summary:	For Georgia, the 2000s were characterized not only by sweeping economic reforms and subsequent strong growth, but also by two major shocks. Following the rose revolution, the Georgian economy and institutions underwent major positive transformations and saw significant improvements in the functioning of the public institutions. The Government of Georgia (GOG) made a sustained effort to improve the climate for doing business, promote private sector development, and establish the policy framework to attract foreign direct investment (FDI). Buoyed by sound policies and structural reforms, Georgia achieved an average annual Gross Domestic Product (GDP) growth rate of more than 9 percent from 2004-2007. The potential poverty and social impacts of the major shocks that resulted in decline of economic output in the second half of 2008 and in 2009 are also unknown. There is a general belief that poverty incidence increased during the crises. However, again due to a lack of relevant and comparable data, the magnitude of change in poverty incidence is largely unknown. The main objective of this note is to fill this information gap. The report shows the trends in monetary dimensions of living standards and the dynamics in the distribution of the poor at the urban and rural level for various time periods. It presents empirical estimations regarding how much poverty declined during the high growth period and increased during the crises. Specifically, the note seeks answers to the following questions: What were the gains in poverty reduction before the conflict with Russia and the global recession? What happened to poverty incidence in the aftermath of the crises? What are the urban and rural dimensions of poverty over time? Understanding the impact of the policy changes and the resulting economic growth on poverty and inequality is a key for ensuring that the benefits of growth are widely and more equitably shared.

Georgia - Poverty dynamics, 2003-2010

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