Georgia’s growth performance since independence has gone through extremes, from an unprecedented -44.9 percent in 1992 to 12.3 percent in 2007. Although growth rates temporarily fell in the aftermath of the Russian-Georgian war and the world financial crisis they have since then recovered to 7 percent in 2011
This year, approximately 113 baby boys are born in China for every 100 baby girls; 112 boys per 100 girls in India, 111 in Vietnam. The looming social crisis stemming from the significant gender imbalance in the countries of East and Southeast Asia has been in the media spotlight for a long time.
End of the week –and a fresh serving of interesting links from economist bloggers and blogging economists. 1. Joe Weisenthal from the Business Insider tells us how Ben Bernanke murdered the gold standard – and good riddance too! 2. Nice infographics from Turbotax on the history of taxes in the US. 3. Econbrowser discusses the prospects of the Eurozone crisis. 4. Michael Sandel talks about market thinking from an unusual point of view. Quite illuminating, in a way. 5. The Free Exchange blog explains (or tries to explain) several of America’s macro puzzles. As usual, excellent read. 6. Noahpinion talks about an interesting model of asset bubbles. 7. A very nice piece on heterogeneity from the Minneapolis Fed. 8. Some stabs in the back of libertarianism from Noahpinion again. Couldn’t agree more, really. 9. Witty counterfactual from our old friend, Worthwhile Canadian Initiative. 10. And from him again, something useful for those who like myself teach macro – problems with teaching SRAS shocks