TSU Science

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TSU - the first university in the Caucasus. The century-old tradition of research and teaching. Established in 1918.

Journal Number: 4

Both in scientific literature and in practice, “Economic development” is frequently confused with the term “economic growth”. This is due to the fact that past changes in economic development took place so slowly that they were barely detectable, thus more emphasis was placed on growth. This attitude was common abroad.  Then when former communist countries entered a stage of post-communist development, little attention had been given to the study of the specificity of their economic development problems.