ISET Economist Blog

08 October 2015

Florian Biermann

Elites That don’t Compete

The Six Nations Championship is an annual rugby competition featuring an exclusive club of European nations: England, France, Ireland, Italy, Scotland, and Wales. The Six Nations Championship is considered the “elite” rugby tournament of the Northern Hemisphere, matched only by another international “elite” tournament, simply called The Rugby Championship.

03 October 2015

Irakli Kochlamazashvili, Charles Johnson, Ia Katsia

Georgian Wine: Plan for the Worst, Hope for the Best

The Georgian wine industry had a couple of very good years in 2013 and 2014, following the opening of the Russian market. Exports skyrocketed, prices of grapes followed suit. For all the talk about diversification, within just two years, Russia’s share in the total exports of Georgian wine shot up from 0 to almost 68%.

01 October 2015

Levan Bzhalava, Eric Livny

On Innovation, Coffeehouses and Georgian Supras

According to Steve Johnson (a popular American science writer and media theorist, the author of Where Good Ideas Come From), coffee and coffeehouses were a significant contributor to Europe’s scientific and industrial revolution. The first coffeehouses opened in London in 1650 and quickly mushroomed all over Europe. The coffeehouse had two major positive effects.

26 September 2015

Salome Gelashvili, Phatima Mamardashvili, Lasha Lanchava

Georgian Farmers Playing Russian Roulette

On August 20, 2015, a strong hailstorm hit Georgia, devastating crops and infrastructure in eastern Kakheti. In Kvareli alone, the hailstorm destroyed about 1,300ha of Saperavi and 1,000ha of Rkatsiteli grapes, affecting more than 500 families. This was only one in a string of natural disasters striking Georgian farmers in recent years.

24 September 2015

Olga Azhgibetseva, Yaroslava Babych, Levan Pavlenishvili

Azerbaijan Economy and the Oil Prices: a Blessing in Disguise?

International crude oil prices, which have hovered at $110 per barrel for the last three and a half years, started a sudden and abrupt downfall in August 2014, reaching a $50 per barrel mark in just five months. More than a year after the event, it looks like the oil price of $50 per barrel is here to stay, at least for the foreseeable future.

21 September 2015

Florian Biermann, Nino Doghonadze

Georgia’s Shrinking Population

According to the population projections of the United Nations (constant fertility scenario), by the end of this century, the Georgian people will count only 2.8 million. In 2013, Georgia has been among only 19 countries in the world with a population that decreased year on year. An aggravating factor is the sex ratio of babies, which in Georgia is heavily skewed towards males. While globally about 107 boys are born per 100 girls, in Georgia 111 boys are born per 100 girls, the fourth-highest ratio in the world.

ISET Economist Blog

A blog about economics in the South Caucasus financed within the institutional grant by the Government of Sweden.