THE EASY FORMULA FOR AN ECONOMIC MIRACLE

Batumi, Georgia. This city is one of the oldest on earth, as humans lived here at least as early as the 12th century B.C. Now, it is rapidly becoming one of the most modern cities on the planet. Its setting at the eastern end of the Black Sea coast is spectacular, with orange groves and snow-covered mountains rising literally within walking distance of the beaches.
While most of the high-income countries are in the process of squandering the wealth they once created, there are places on the globe that are making great progress merely by doing the right things. One of these places is the small, relatively poor country of Georgia.
Ironically, Georgia, through its success, is a reminder to the United States that reversing regulatory excess and state intervention pays dividends.
