In the frame of the FES FALL Academy was analyzed the challenges developing countries are facing in different circumstances, such as free market environment, as economy of developing country will not catch up if market regulates itself and combination of government intervention and markets would be an optimal solution in this case. The Dollarization, currency hierarchy and “Original Sin” challenge was addressed as developing countries receive foreign debts in foreign currency and real debts burden increases. Moreover, The role of FDI in economic development was widely debated as it can not be considered positive in all cases, especially in real estates in developing countries.
FES Fall Academy gave an opportunity young scholars to broaden their knowledge in terms of Alternative Economic models for South Caucasus beyond the mainstream economic approaches dominating in South Caucasus and present their researches to a wider audience.
On the following link you can see Prof. Dr. Hansjörg Herr of Berlin School of Economics and Law Interview on "Economic Development Strategies of Georgia" in Georgian Public Broadcaster's TV Show 42° parallel; He is discussing the lecture topics of FES FALL Academy 2018.