ISET Economist Blog

A blog about economics in the South Caucasus.

Twenty Years of Transition (From Nowhere to No Place?)

Twenty years ago, on 26 December 1991, USSR broke into 15 pieces, 15 independent states. Amid great hopes, each of these states embarked on a path of transition: from socialism, from one-party state system, from the relative security of a small city apartment, a dacha, and a Lada to… an uncertain future. For the small Baltic pieces of the USSR puzzle, this road led to EU membership and all of the associated goodies. For many others, however, this may have been a “transition from nowhere to no place” (see the eponymous 2004 bestseller by my number one con...
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Guest — Eric
A very good point, Zak! The version of HH-PMI that I calculated for this post reflects one thing: political pluralism within a par... Read More
Friday, 09 December 2011 11:11 PM
Guest — Zak
Eric, a nice and valuable effort. But consider this: when Herfindahl index is used by economists (even though not many of the talk... Read More
Friday, 09 December 2011 5:05 PM
Guest — RT
There is also a lot of criticism of those type of indices, so what exactly would lack of correlation be indicative of? What is bet... Read More
Friday, 09 December 2011 9:09 PM
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At the Edges of Georgia

This weekend we visited one of the more remote parts of Georgia, the Shiraki plains at the border to Azerbaijan. After passing through Dedoplis Tskaro, the district capital and largest town in this part of Georgia, we found ourselves on a bad road going all the way to the small town of Kasritstkali. In Soviet times the road was surfaced, but these days one has to navigate mud and large potholes. By all accounts the small town of Kasritstkali is thoroughly isolated from the rest of Georgia. And for what it matters, from Azerbaijan as well. Although the bo...
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Guest — moonshine
A lot could be done to promote true market integration in the South Caucasus (ignoring for the moment other aspects of regional co... Read More
Friday, 09 December 2011 9:09 AM
Guest — moonshine
The main international roads connecting Georgia to Armenia and Azerbaijan are actually improving in recent years, but this is not ... Read More
Friday, 09 December 2011 12:12 PM
Guest — Michael
To follow up, there is this article, quote: "Kasristskali is located... Read More
Friday, 09 December 2011 4:04 PM
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