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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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  • Tinatin Akhvlediani
  • Giorgi Nebulishvili
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  • Robizon Khubulashvili
  • Adam Pellillo
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  • Maya Grigolia
  • Lasha Lanchava
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  • Mariam Zaldastanishvili
  • Zurab Abramishvili
  • Gigla Mikautadze
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  • Eric Livny
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  • Irakli Barbakadze
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  • Selam Petersson
  • Sophiko Skhirtladze
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  • Gocha Kardava
  • Rati Porchkhidze
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  • Muhammad Asali
  • Karine Torosyan
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  • Mariam Katsadze
  • Ana Burduli
  • Davit Keshelava
  • Giorgi Mzhavanadze
  • Elene Seturidze
  • Tamta Maridashvili
  • Mariam Tsulukidze
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  • Guram Lobzhanidze
  • Mariam Lobjanidze
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  • Maka Chitanava
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Armenia Generates Windfall Profits for Georgia
When Armenia entered the Russia-dominated customs union in 2013, fear spread among the Georgian public and policymakers. It looked as if Georgia would be economically squeezed in between Russia and Armenia, the latter being one of Russia’s staunchest allies in the region and, given its geopolitical dependency on Russia, sometimes seen as a little more than a Russian agent.
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From Soviet to Post-Soviet Consumerism
In a sense, life was relatively simple back in the Soviet Union days. Consumers had few choices, and material aspirations were limited to the unholy trinity of “apartment, car, and dacha”. That said, homo Sovieticus spent enormous amounts of time and energy chasing material goods ranging from potatoes to nylon stockings and cars.
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Georgia Needs Punitive Damages
A few days ago, I was walking in Kostava Street towards the Philharmony when I passed a construction site that was separated from the sidewalk by a wooden fence. Suddenly, I heard the ugly sound of fabric torn apart. Yes, it had happened! My nice winter coat was ripped up by a rusty nail that stuck out of the fence, causing a huge hole in the coat that went down to the lining.
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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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Tourism and Rural Development: The Case of Tusheti
In Georgia, it’s often said that tavisupleba mxolod mtebshia – freedom is only in the mountains. Indeed, the mountains have long shielded the small Georgian nation from much larger invaders, helping it maintain its freedom, as well as its unique culture, language, and faith.
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Market Twilight
Last week, I began to discuss the question of whether Francis Fukuyama’s hypothesis about convergence to liberal democracy and capitalism is at least partially right. While the countries of the world have not been moving towards democracy in the last 25 years, he could still be right that the future belongs to the markets. This week, however, I will argue that this is not the case.
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