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“Fast and furious... Soviet-style: Crazy stunt drivers of Georgia try to impress Hollywood by speeding through crowded public streets.” The clip, uploaded by the team of would-be-stunts has reportedly received 2 million YouTube views in a week.
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When economists discuss the constraints for the economic development of a country like Georgia, one thing is always taken as given: That people have enough to eat.
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The Kingdom of Bhutan is a very special country. When in 2004 King Wangchuck announced that there would be free elections and the kingdom would be gradually transformed into a democracy, people demonstrated in the streets against these reforms.
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According to data provided by the Food and Agriculture Organization of the United Nations (FAO), in the last five years, there were two hikes in global food prices.
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In 1993 Joel Waldfogel published a paper “The Deadweight Loss of Christmas” in which he declared that the tradition of gift-giving causes economic losses for society because recipients generally value the items they receive as gifts less than the price that was paid by the givers.