27
September
2013
In the very first class on the Principles of Economics, we teach our students how beneficial trade is. We explain that voluntary exchange (trade) increases overall welfare and is mutually beneficial. Economists tend to regard this basic “principle of economics” as an axiom, providing the basis for many other principles of economics and, most importantly, the notion (or fallacy) that “the markets know best”…
09
September
2013
Chiatura is a small but resource-rich and picturesque town, situated in the province of Imereti in Western Georgia. The abundance of an important natural resource, manganese ore, was the main reason for establishing the town in 1879. Akaki Tsereteli, the famous Georgian writer from the same region, initiated manganese mining back then.
01
July
2013
In the globalized world of today, increasing national competitiveness has become an important policy target for any country. While engaging in mutually beneficial trade, technological and cultural exchanges, countries find themselves in a race for scarce mobile resources such as financial capital and talent.
29
March
2013
In the globalized world of today, increasing national competitiveness has become an important policy target for any country. While engaging in mutually beneficial trade, technological and cultural exchanges, countries find themselves in a race for scarce mobile resources such as financial capital and talent.
15
March
2013
On the 8th of March, Georgia joined many other countries around the world in celebrating International Women’s Day. While this particular way of appreciating the many contributions of the Georgian women may be said to have been inherited from the Soviet Union, women have historically played very important roles in Georgian society and politics.
