Trade aid and economic development - A comparative analysis between Georgia & Latvia

Seminar paper from the year 2006 in the subject Economics - International Economic Relations grade: 100 Saint Mary's University (Economics) course: Course: Development Economics language: English abstract: The paper focuses on international trade and foreign aid in relationship with economic development comparing two former Soviet Union states: Latvia and Georgia. Communism divided the economic world into two different camps with countries characterized by centrally planned economies and others with a free market economic system. After the Soviet Union was dissolved in 1991 now capitalism equally separated the former Soviet nations.