• ISSN: 2010-023X
    • Frequency: Bimonthly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Executive Editor: Ms. Cherry L. Chen
    • Abstracting/ Indexing: Engineering & Technology Digital Library, ProQuest, Crossref, Electronic Journals Library, DOAJ , EBSCO, and Ulrich's Periodicals Directory
    • E-mail: ijtef@ejournal.net
IJTEF 2017 Vol.8(4): 198-201 ISSN: 2010-023X
DOI: 10.18178/ijtef.2017.8.4.563

Institutional Framework of the Economy against Corruption in Georgia

Tsotne Zhghenti
Abstract—Corruption is one of the most actual problem of the public economic policy which is mostly described as evil phenomena. But what are foundations of corruption? Is it a separate problem or reflection of other problems of the economy? Is corruption a result or a reason of economic processes? In this paper we describe how corruption is determined by institutional framework of the economy. Characteristics of formal and informal institutions are inception of corrupted processes. We will analyze institutional foundations of corruption, Georgian escaping story from corrupted economy and compare countries institutional framework against corruption.

Index Terms—Corruption, institutions, institutional foundations of corruption, Georgian economy.

Tsotne Zhghenti is with Ivane Javakhishvili Tbilisi State University, Georgia (e-mail: tsotne32@gmail.com).

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Cite: Tsotne Zhghenti, "Institutional Framework of the Economy against Corruption in Georgia," International Journal of Trade, Economics and Finance vol.8, no.4, pp. 198-201, 2017.

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