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Lari depreciation is behind a gradual reduction in Tbilisi housing prices - February, 2015
16 February 2015

The lari depreciation has started to affect real estate market prices in Tbilisi. The average rental price for residential property has continued to fall, reaching a new historical minimum in February 2015.

Export Quality Upgrading under Credit Constraints
13 February 2015

On February 12th, ISET hosted Dr. Andrea Ciani from Bocconi University, who presented his job market paper "Export Quality Upgrading under Credit Constraints".

Earmarks: “driver of legislature” or a “gateway to corruption”?
13 February 2015

On February 11th, ISET hosted Olivier Harlem, Ph.D. of the Erasmus School of Economics, Rotterdam. Dr. Harlem presented his job market paper, “Earmarks”. Earmarks were U.S. federal funds that are designated for local projects and were easy for local representatives to obtain for their electoral districts.

New Labor Migration Law – Homemade Explosive Device in the Making
06 February 2015

On September 1, 2014, the Georgian society woke up to a very unpleasant reality – after years of extremely welcoming visa regime which put the country on the map as an attractive tourist and foreign direct investment destination, a new migration law regulating foreigners admission and stay in Georgia came into effect.

Does Competition Spoil People?
03 February 2015

Many of the influential critics of capitalism shared a sentiment that life under competitive pressure is not good for human beings. Marx felt deep uneasiness about the fact that workers have to “sell” their workforce – he feared that this would contribute to “alienation” between the worker and their work. One of the main objectives of the Socialist society was therefore to create a new kind of human, a human who would not compete with others in the market arenas and who would not be driven by selfish motives.

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