29
January
2013
According to data provided by the Food and Agriculture Organization of the United Nations (FAO), in the last five years, there were two hikes in global food prices.
25
January
2013
Georgia is among a few countries in the world that do not have a deposit insurance system in place. Does the country need to have such a system? Or is deposit insurance likely to do more harm than good? The answer is not as clear-cut as it may seem.
23
January
2013
In 1993 Joel Waldfogel published a paper “The Deadweight Loss of Christmas” in which he declared that the tradition of gift-giving causes economic losses for society because recipients generally value the items they receive as gifts less than the price that was paid by the givers.
18
January
2013
Is inequality bad for economic development? There has been a lively debate on this issue. Some economists argue that inequality is necessary for economic growth, while others are against it.
17
January
2013
Wages and productivity levels differ across countries. For instance, in 2011 the average yearly income in the US was about $53 000, whilst the same indicator was $250 in Madagascar.
