Don't Miss  ENVELOPES: How Corruption was Eliminated and
Economic Prosperity Restored in Georgia  By on June 30, 2012
When the prime minister comes to sell you an IPO, you, the
investor, take the meeting. When that prime minister turns up
with no bodyguards and shows remarkable knowledge of the company
he is promoting, you, the investor, take notice. When Nika
Gilauri, the premier of Georgia, tells you that the prosperity
of his country has been achieved because it has become one of
the “least corrupt” countries in the world, you, the investor,
take note.   But it wasn’t always like that. After the demise of
the USSR, Georgia was not only one of the most corrupt of the
former-Soviet republics, it was one of the most corrupt
countries in the world. Bribe-to-drive was the norm; police
stopped cars at least twice an hour to extort a non-trivial sum
of money. The then-interior minister infamously quipped: “Give
me petrol only. My people will take care of their own salaries.”
Being a traffic cop was so lucrative