The term “economics imperialism” has been coined in recent decades to describe a tendency of economists to meddle with such seemingly non-economic aspects of life as crime, the family, irrational behavior, politics, culture, religion, and war. Mine is an attempt to invade the world of music.
No, nothing about the election here. Instead something about the Georgian retail gasoline market, which according to some is not so competitive.
The question of the title seems to be a rhetorical one. With the 2008 global financial crisis fresh in our minds, the logic of the vicious cycle between the economic slowdown, troubles in the banking sector, credit crunch, and the subsequent industrial decline reinforcing the credit conundrums seems quite apparent.
As any other labor-exporting country, Georgia faces both the costs and benefits of migration.
The scars of the 2008 global financial crisis and the festering wounds of the ongoing European debt crisis seem to have obscured one simple textbook truth.