ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
May
01

When More Is Less: Values and Europe's Declining Fertility Rates

Judging by Georgia’s average birth rate, it clearly belongs into the European family of nations. At 1.82 children per woman, according to the latest data, the Georgian nation is below (but still relatively close to) 2.1, the birth rate at which the population size remains steady. On average, the birthrate in Europe is around 1.5, which is significantly lower than it was only fifty years ago. With the exception of Scandinavian countries, Turkey and France (Europe’s demographic “leaders”, with around 2.1 births per woman), all other European nations, ...
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Apr
24

Let Tourists Arrive and Georgia Thrive!

After the collapse of the Soviet Union it was believed that tourism might become one of Georgia’s “locomotive” sectors. While the Shevardnadze government failed to develop this potential, after the Rose Revolution, tourism became a top priority. Each year since 2005, the direct effect of tourism (i.e. the money spent by tourists) alone has contributed 6-7% of Georgia’s total GDP. Georgia is a net exporter of services, and tourism accounts for about 60% of these service exports. This is important income for the country, helping to finance the country’s la...
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Apr
20

Save the Mingrelian Language!

There are clear expectations in many cultures to marry somebody from their own group, and not living up to these expectations will at least cause a loss in reputation. This is nicely displayed in the movie Late Marriage by Dover Kosashvili, humorously depicting a young Georgian Jew in Israel whose parents want him to marry the “right” woman (the movie features extensive dialogues in Judeao-Georgian, another endangered language). In extreme cases, people who enter a relationship with members of other cultures may be victims of honor killings. In Europe, s...
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Guest — Timothy Blauvelt
This is our recent article using the Matched-Guise experimental methodology to assess attitudes towards spoken Georgian with Mingr... Read More
Monday, 20 April 2015 5:05 PM
Guest — Eric Livny
Christofer Berglund and Timothy Blauvelt have recently published a little research piece about this very subject, comfirming the m... Read More
Monday, 20 April 2015 6:06 PM
Guest — megiddo02
Martin, memetics is applied to all kinds of ideas, be them related to values or not. Indeed, from a memetic point of view, the act... Read More
Thursday, 23 April 2015 4:04 PM
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Apr
10

About Smart People, Hard Work and Miracles

A year ago, in March 2014, I was invited to speak at an Israeli-Georgian innovation forum, organized by the Israeli embassy. For a number of reasons I chose 1977 as the starting point of my presentation. One of these was personal – my family immigrated to Israel from St.Petersburg, Russia, in that year. But, more importantly, Israel of 1977 is in many ways (though not in all) comparable to Georgia of today. ISRAEL in 1977: 29 years since independence in 1948 Four years after the trauma of Yom Kippur War (1973) The first democratic transition after 2...
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Guest — Yuval Fuchs
one more highly recommended article by Erik ! I find his writing always stimulating. reading recommended ! Yuval Fuchs
Tuesday, 14 April 2015 2:02 PM
Guest — megiddo02
Regarding talent vs. diligence: In psychological research it turned out that work ethics, willpower, and discipline of a person pr... Read More
Wednesday, 15 April 2015 11:11 PM
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Mar
13

Save the Georgian Bazaar!

Open-air markets, so called bazaars, are considered by many Georgians to be relics of the past. Progressive people buy in supermarkets with all its amenities: clean areas, shiny floors, the temperature regulated at a convenient level, the products placed in order and often arranged tastefully. Only backward people buy in a bazaar if there is a supermarket available. This shift in shoppers’ preferences is illustrated by changes in the market structure. Five years ago the only big supermarket in Tbilisi was Goodwill, but the presence of supermarkets increa...
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Guest — Robert Morger
I agree totally. Also bazaar and street market make a city attraktive and unique, if I could not buy my greens, fruits and puri i... Read More
Friday, 13 March 2015 5:05 PM
Guest — megiddo02
Thank you, Adam. I am a pessimist by nature, and so I think that the two-track regulatory system could easily bring about all kind... Read More
Saturday, 14 March 2015 5:05 PM
Guest — Adam
Bazaars and the smaller street-side marketplaces play a huge role in Georgia's economy (especially in the regions), so it's good t... Read More
Saturday, 14 March 2015 1:01 AM
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Feb
10

David the Economist (Repost from July 5th, 2013)

  In 1122, King David IV. reconquered Tbilisi from the Muslims. In those times, a bloodbath among the former oppressors would have been the logical consequence of such a victory. Leaders of the High Middle Ages took merciless revenge against their enemies once they had defeated them. Yet David did not! To the contrary, he did not only let the former rulers live, but David was even anxious that the Muslim population might leave Tbilisi after the fall of the city. In order to send a strong signal of appreciation and friendship to the Muslim population...
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Guest — zviad bakhurauli
thanks for this article. ) economy of small countris like georgia are very different to big ones and it needs an individual approa... Read More
Saturday, 06 July 2013 12:12 AM
Guest — Lasha
Many thanks to authors for this wonderful blog. Now I know King David the Economist. I wish Georgian policy makers read this and t... Read More
Saturday, 06 July 2013 12:12 AM
Guest — KingOfKolchis
This is a very nice piece and would be particularly useful to feed into popular economic policy debate. To this end, would be grea... Read More
Monday, 08 July 2013 2:02 AM
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