24
October
2014
In Georgia, it’s often said that tavisupleba mxolod mtebshia – freedom is only in the mountains. Indeed, the mountains have long shielded the small Georgian nation from much larger invaders, helping it maintain its freedom, as well as its unique culture, language, and faith.
21
October
2014
Each year top students from ISET receive exceptionally promising and appealing offers to continue their graduate education at some of the best universities in the world. ISET graduates have been pursuing their Ph.D.’s at top universities such as University of Pennsylvania, University of Chicago, Stanford University, New York University etc. 32 ISETers have been selected throughout the past 8 years. Another six ISET graduates have successfully continued the path towards their Ph.D. Degrees this year. With full support of ISET’s senior international faculty, they are currently engaged in the first year of their studies. Most of them have already done some of their own research being a part of ISET’s “Third Year Program” working with ISET-PI on policy projects relevant to the fields of their interest, contributing to the ISET Economist Blog and taking online math classes to get ready for the “boot camp” experience awaiting them in the US or Europe.
14
October
2014
In October, rental prices for residential properties in Tbilisi declined significantly in annual terms (-7.1%). Buyers tended to purchase cheaper, lower quality units in October relative to the previous month. Lower lending and deposit interest rates made real estate investments more attractive, driving rental prices for residential property downward.
14
October
2014
No. In this two-part article, I will argue that there are challenges to capitalism on the horizon that are virtually unsurmountable. There are good reasons to believe that in 30 years from now we will not see global dominance of market systems anymore.
03
October
2014
Hospitality is one of the most prized aspects of Georgian culture. Welcoming (literal translation: "respecting") guests is a matter of great pride for any family. My mother grew up in a small Imeretian village, and as she tells me, the kids of the family were not allowed to eat until the guests were fully "respected", i.e. properly fed. Even the poorest household in the village would go out of its way (and income) to impress its guests with a cornucopia of local delicacies, meats, veggies, and homemade wine.
