FROM ILIA CHAVCHAVADZE’S ECONOMIC VIEWS: COMPETITION, PRIVATE PROPERTY AND INTERNATIONAL TRADE
FROM ILIA CHAVCHAVADZE’S ECONOMIC VIEWS: COMPETITION, PRIVATE PROPERTY AND INTERNATIONAL TRADE

Summary/Abstract: Ilia Chavchavadze was born in Georgia when the country was part of the Russian Empire. He received a thorough legal and economic education. Ilia developed a national economic doctrine, which demonstrated the necessity of his country's independent existence, participation in international labor division, good relations with other countries, the protection of human rights and the ways to achieve them. The theoretical provisions and principles developed by Ilia have now acquired pragmatic significance for the country. Important constituents of Georgian national economic doctrine developed by Ilia Chavchavadze - protection of human rights, competition, private property, and free trade - are considered as stimulants to economic development. In a reasoned argument, Ilia Chavchavadze supports state intervention in the economy to the extent that it protects the competitive environment and positively affects the performance of its participants. Ilia's path was mainly aimed at improving the welfare of the citizens of the country and protecting their rights. He paid particular attention to creating a free economic environment for entrepreneurship, protecting property rights, developing an open market, science, development of active, creative activities. Ilia argued that “without good relations with other countries, there is no way to salvage Georgia.” Therefore, he saw it as a necessary condition for the country's economic development to participate in world processes and strengthen integrative ties with the civilized world.

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