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The very sharp seasonal fluctuations in the prices of many agricultural products in Georgia are indicative of the state of the Georgian agricultural sector. Agriculture provides a safety net for a very large number of jobless people who might otherwise be starving and thus serves a very important social function.
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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.
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It’s Friday – so it’s time for a new portion of interesting links from around the world of EconoBlogs.
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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.
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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.