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ISET Economist Blog

A blog about economics in the South Caucasus financed within the institutional grant by the Government of Sweden.
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Author
  • Adam Pellillo
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  • Olga Azhgibetseva
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Date From
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15 October 2015
Eric Livny, Yaroslava Babych, Lasha Labadze
The New Silk Road Chain is Only as Strong as Its Weakest Link
Speaking at the opening of the Tbilisi Silk Road Forum, Georgia’s new Minister of Foreign Affairs Giorgi Kvirikashvili evoked electric circuitry as a metaphor to describe the future of rail and road connections between Europe and Asia. A graduate of the prestigious math and physics Komarov School, Kvirikashvili explained that a sequential circuit – a simple chain – crucially depends on each and every one of its links.
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28 October 2014
Eric Livny, Lasha Labadze
Crime and Punishment in Georgia
According to CRRC Barometer surveys and other opinion polls, the police has been until quite recently one of the most respected institutions in Georgian society. With 88% of the population holding a favorable view of its performance, police came second after church (93%) in the 2011 survey conducted by the International Republican Institute.
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21 October 2013
Eric Livny, Lasha Labadze
Georgia on the Development Frontier: From Subsistence Agriculture to Exchange
While written in 1991, “The Development Frontier” by Peter Bauer has lost none of its relevance for Georgia and other predominantly agrarian economies of the 21st century. Economic development, suggests Bauer, “begins with the replacement of subsistence activities by production for sale.
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29 July 2013
Giorgi Kelbakiani, Lasha Labadze
Exporting Education
Recently, the Georgian authorities cracked down on Nigerian students who allegedly did not really study but used their student visas for getting access to the Georgian labor market. Yet their residence permits were withdrawn without proper verification that this suspicion was actually true.
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27 March 2013
Florian Biermann, Lasha Labadze
Different Capitalisms
Those among our readers who happened to spend a good deal of their lifetimes in the Soviet Union may remember that there was not just one kind of socialism, but there were many different versions.
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19 March 2013
Florian Biermann, Lasha Labadze
The Economics of Happiness
The Kingdom of Bhutan is a very special country. When in 2004 King Wangchuck announced that there would be free elections and the kingdom would be gradually transformed into a democracy, people demonstrated in the streets against these reforms.
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