ISET Economist Blog

A blog about economics in the South Caucasus.

Georgia’s Democracy: the Puzzle of a Red Country Turning Blue

On October 21, 2017, Georgia’s entire political map was painted in different shades of blue – the color of the ruling Georgian Dream (GD) party. GD won in all but one race in the country’s municipal elections – achieving solid majorities in all sakrebulo (city councils) and placing party-backed candidates as mayors in all cities and self-governing communities. Such results are quite unusual, and nearly impossible to achieve nowadays in the politically polarized atmosphere of Western Europe, UK or the U.S. Do they suggest that GD has been except...
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We'll Take Our Countries Back and Make Them Great Again!

For the likes of Boris Johnson, currently UK’s most popular politician and a leading figure of the Brexit revolt, “The European Union has become too remote, too opaque and not accountable enough to the people it is meant to serve.” But how about the UK itself? How close are 10 Downing Street or Westminster to the working class folks of England’s industrial north? How representative is Britain’s Eton-educated ‘political class’ of the people they are meant to serve? And if Boris Johnson is lauding the British people for deciding to take control of their ow...
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What Kind of "State" Does a Country Need?

When Belarusian President Alexander Lukashenko visited Georgia in late April 2015, we were once again reminded that history is not over yet, certainly not in the sense pronounced by Francis Fukuyama in his 1992 book End of History and the Last Man: "What we may be witnessing is not just the end of the Cold War, or the passing of a particular period of post-war history, but the end of history as such: that is, the end point of mankind's ideological evolution and the universalization of Western liberal democracy as the final form of human go...
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