Economic development from poverty to prosperity, is nearly impossible without vast foreign investment. The wealthy European powers built up the US economy in its early days, providing immense capital. Without that, the US either would have never properly developed, or it would have taken dramatically longer.
How long has Georgia been separate from the USSR at this point? It was ruled by a backwards, violent, impoverished, broken Soviet system for seven decades. You were what, expecting them to sprout $70k per capita GDP prosperity in just 15-20 years post Soviet slavery, while in the midst of a political and military confrontation with Russia?
My whole issue is the original post says, more or less, that more liberalism is always better and then dredges up examples like Maoist China and Argentina to say if you're going to say anything else you have to explain why those states weren't successful. Well, they had other challenges had nothing to do with how liberal or not their trade regimes were, is my answer. It's a little strange to me that everyone is so willing to consider (not incorrectly) that issue with Georgia but not with states that don't adhere to free-trade orthodoxy.
Economic development from poverty to prosperity, is nearly impossible without vast foreign investment. The wealthy European powers built up the US economy in its early days, providing immense capital. Without that, the US either would have never properly developed, or it would have taken dramatically longer.
How long has Georgia been separate from the USSR at this point? It was ruled by a backwards, violent, impoverished, broken Soviet system for seven decades. You were what, expecting them to sprout $70k per capita GDP prosperity in just 15-20 years post Soviet slavery, while in the midst of a political and military confrontation with Russia?