ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Mar
04

Georgia's New European Modus Operandi

It was the best of times, it was the worst of times, It was the age of wisdom, it was the age of foolishness, It was the epoch of belief, it was the epoch of incredulity, It was the season of light, it was the season of darkness … - Charles Dickens, A Tale of Two Cities A CHRONICLE OF A DEATH FORETOLD? The above quote seems to fit the state of affairs in the European Union fairly well, as the EU’s crisis is continuing, getting deeper, and engulfing more actors than when it started. To name a few well-known events and stats: Greece probably had the first ...
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Feb
27

Make Kutaisi Great Again!

Have you ever heard about a mysterious law that predicts the size of a city? If you tell me the population of the largest city in a country, I can tell you the size of the second and third biggest cities. In 1949, George Zipf came up with the simple theory called the rank-size rule, or “Zipf 's law.” Applied to the size of cities, this law says that the second city and following smaller cities should represent a proportion of the largest city. For example, if the largest city in a country is populated with one million citizens, according to the law, the ...
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Feb
18

Marriage: Till Death Do Us Part(?)

  Premise: I have to admit from the beginning that I am not married myself, thus what is written below is an outsider’s insights into explaining the phenomena of marriage. Marriage is a phenomenon strongly intertwined within our culture and everyday life. It is almost a “must do” thing in Georgian traditional society, and it has to be approved either by religious authority or by the state, or both. A recent study about Georgian youth entitled “Generation in Transition, Youth Study Georgia – 2016” by the Friedrich-Ebert Stiftung, shows the 14-29 age ...
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Feb
13

Modern Quagmire and Georgia's Trump Card?

  “The fundamental problem for Georgian security is that Russia holds all the major cards and no one is reshuffling the deck in Georgia’s favour”, writes Neil MacFarlane in his 2016 article on Georgia’s security situation. Georgia has a mighty neighbor that is not democratic, does not respect the right of self-determination of nations, and, most importantly, actually brings its military power to bear whenever Russian (legitimate or illegitimate) interests are not sufficiently honored. To add insult to injury, Russia’s military strength is unconteste...
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Jan
28

Georgia and the Gravity of Migration

Whatever Kim Jong-un’s propaganda says about the greatness of his country, it is a fact that nobody immigrates to North Korea but almost everyone wants to get out. Likewise, whatever conservative Muslims say about the depraved West – there is a huge net migration out of Muslim countries into these rotten and decadent Western societies. And also the “socialist paradises” of the past had to take great efforts to make sure their lucky populations did not leave: the Berlin Wall was built in 1961 because the large-scale drainage of labor threatened Eastern Ge...
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