A recent NBER working paper by Diego Comin caught my attention. The paper explores the tourism industry in Tanzania and tries to answer a few questions. The results should be taken with a grain of salt, as the methodology appears to be less watertight than in your usual NBER working paper.
It’s Friday – so it’s time for a new portion of interesting links from around the world of EconoBlogs.
Recently the Georgian government started a campaign for attracting foreign capital to the country. A whole page ad (pictured above) runs on one of the first pages in the print edition of The Economist for already a month.
I know. I know that I know. For as long as the human race existed, knowledge embodied power. In the life of a society, however, what becomes even more important is the fact that we share certain knowledge with fellow human beings, and that we, moreover, are aware of each other’s knowledge.
We all know how inventive (and sometimes devious) the human mind can be in inventing different kinds of mediums of exchange – which we simply call money. Everybody has heard of cigarettes or cowrie shells, used by people in different economic situations as a replacement for all so familiar gold coins or Ben Franklin portraits in green.