ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Apr
03

Should the World Sacrifice the Economy to Save Lives Today?

No two countries that both have a McDonald's have ever been at war wrote American political commentator and author Thomas L. Friedman in 1996. Since then, of course, there have been plenty of instances of countries with McDonald’s warring, including Russia and Georgia. Though, one should not take Friedman’s phrase too literally. Rather he implies that the spread of McDonald's is a part of a worldwide phenomenon of countries integrating with the global economy, which, in turn, makes wars less likely. Well, Kudos to globalization. But also, thanks to globa...
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Mar
22

One Small Step for a Man, Big Data for Mankind: Uses of Alternative Data Sources in Tourism Development

There are many mesmerizing buildings in Tbilisi, but do you know which one tourists favor the most? Or have you ever wondered what travelers’ favorite Georgian food or wine is? Thanks to modern tools and data-gathering methods, we now have actual proof that khachapuri is tourists’ all-time favorite Georgian dish. In 2018, the Georgian National Tourism Administration (GNTA), along with Communication Agency Windfor’s, launched a campaign called  “Emotions are Georgia” to determine what foreign tourists admire the most in our beautiful country and whic...
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