10
March
2012
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.
29
February
2012
Last week, The Economist published a comparison of the costs of pancake ingredients across many countries of the world. The pancake recipe used for the calculations included flour, eggs, milk, and butter – all of which are also part of the Khachapuri Index regularly compiled by the ISET Policy Institute.
10
February
2012
While it is unclear whether this project will ever be realized, it certainly shows that Azerbaijan has huge ambitions. Comparisons to Dubai come to mind, as a city with attention-grabbing architectural projects.
03
February
2012
How much foreign wealth does a country really have? In the Balance of Payments Accounts, the net foreign wealth is essentially the difference between the assets held by the country’s residents abroad and the country’s liabilities to foreigners, valued at the market price in each given year.
26
January
2012
Please have a look at the above photo of the beautiful Kura River with the Sameba Cathedral in the background. Now, contemplate the picture for another 10 seconds and ask whether something suspicious is part of the scenario.
