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Events • May 13, 2008 

# Georgia’s Transformation into a Modern Market Democracy 

Following the Rose Revolution of 2003, the former Soviet Republic of Georgia began far-reaching reforms in governance and economic policy that are turning the country into a post-socialist success story. Georgia now ranks 44th out of 141 countries on the *Economic Freedom of the World* index, is cited by the World Bank as one of the world’s leading reformers, and is sustaining economic growth of more than 9 percent per year. Kakha Bendukidze, one of Georgia’s key reformers, will explain how his country is rapidly modernizing and will share his vision for continued high growth in a sometimes hostile neighborhood. Andrei Illarionov will assess Georgia’s progress and highlight its remaining challenges in consolidating democratic capitalism. 

[![Creative Commons License](/build/cato_2020/images/creative-commons.svg)](http://creativecommons.org/licenses/by-nc-sa/4.0/) 
This work is licensed under a [Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License](https://creativecommons.org/licenses/by-nc-sa/4.0/). 

##### Featuring 

##### Kakha Bendukidze 

[![Media Name: illarionov.jpg](/sites/cato.org/files/styles/author_picture/public/authors/crops/illarionov.jpg?itok=9UW4yZfV)](/people/andrei-illarionov) 

##### [Andrei Illarionov](/people/andrei-illarionov)

Former Senior Fellow, Center for Global Liberty and Prosperity

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](mailto:aIllarionov@cato.org) 

[![Ian Vásquez](/sites/cato.org/files/styles/author_picture/public/2021-01/Ian%20Vasquez.jpg?itok=yBS_mzpm)](/people/ian-vasquez) 

##### [Ian Vásquez](/people/ian-vasquez)

Vice President for International Studies, Cato Institute

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](https://x.com/vasquezian) [ 

](mailto:ivasquez@cato.org)