ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Jun
26

Georgian decency as a competitive advantage I: The facts

Members of the same nation have the same “cultural background”, which means that they share a good deal of political and social values and ideals, and they tend to believe in the same recipes to solve their problems. Such fundamental attitudes are often shaped by the historical experiences of a nation. For example, England had a kind of merchant democracy since the 14th century, when the House of Commons was founded. In the former Ottoman Empire, on the other hand, merchants had no institutionalized possibility to influence politics. Bribery and utilizin...
Rate this blog entry:
Recent Comments
Guest — Sanjit Dhami
Excellent post Florian! You are right in thinking about culture and its possible link to economic variables. I too admire the tra... Read More
Tuesday, 26 June 2012 5:05 PM
Guest — Eric
A great post, Florian! Every time I take a taxi in Tbilisi I run the experiment that you describe: I stop a cab and get in without... Read More
Wednesday, 27 June 2012 12:12 PM
Guest — Florian
We do not know what was the taxi drivers' conducts in Georgia 10 years ago. It could be that it was worse than today, but perhaps ... Read More
Thursday, 28 June 2012 6:06 AM
Continue reading
2319
13 Comments
Write a Comment
Mar
21

The Price of a Room

A recent NBER working paper by Diego Comin caught my attention. The paper explores the tourism industry in Tanzania and tries to answer a few questions. The results should be taken with a grain of salt, as the methodology appears to be less watertight than in your usual NBER working paper. The sample is rather small, the data is largely self-reported, the conclusions seem rather heroic, and the paper does not appear to be embedded in a literature. Nevertheless it is highly relevant for Georgia and her tourism industry. The paper finds that room pric...
Tags:
Rate this blog entry:
Recent comment in this post
Guest — David Narong
The room looks really outstanding. I guess that Sheraton Batumi is pretty good choice.
Sunday, 22 April 2012 5:05 PM
Continue reading
1992
1 Comment
Write a Comment
Jan
17

Save Gudiashvili Square

One thing few visitors to Tbilisi fail to notice is the rich and layered architectural heritage of the city. There are medieval churches in Old Tbilisi. There are art noveau buildings in Sololaki. There is Stalinist architecture in Vake. And there are modernist experiments such as the Wedding Palace or the former Transportation Ministry Building. But at the same time this rich architectural heritage is threatened – either left to decay or destroyed or overwhelmed by new building developments. One worrying development is the proposed reconstruction of Gud...
Rate this blog entry:
Recent comment in this post
Guest — Eric
The lack of a proper urban zoning policy in Tbilisi is a crime against the Georgian people, including many generations to come. Th... Read More
Wednesday, 18 January 2012 12:12 AM
Continue reading
2056
1 Comment
Write a Comment
Nov
19

5 Million Tourists in Georgia by 2015 - a Myth or Nightmarish Reality?

Judging by the number of foreigners entering Georgia since 2004, tourism expanded at a breathtaking average pace of 32% a year, nearly doubling every three years. A simple extrapolation suggests that in four more years, by 2015, Georgia may be receiving more than 5mln tourists per year. Is this a realistic estimate? Would it be a blessing or a curse (in disguise)?   The growth in the number of visitors far outstripped the pace of investment in the tourism infrastructure, driving prices up and negatively affecting the quality of services. Thus, the ...
Rate this blog entry:
Recent Comments
Guest — moonshine
Bravo stardust! Some parts of Georgia have been for centuries defined by their remoteness and isolation. Svaneti, for example, was... Read More
Saturday, 19 November 2011 11:11 PM
Guest — stardust
I agree that a growing tourism industry can be a mixed blessing for a country. Along with the pitfalls outlined in the blog, the d... Read More
Saturday, 19 November 2011 7:07 PM
Continue reading
2256
2 Comments
Write a Comment
Nov
17

Sorry, where is the contemporary art museum?

From Eurasianet: According to Ivanishvili, who made his $5.5 billion fortune in the Russian banking and metals industries, such headline-grabbing purchases were part of a calculated business strategy -- opening a world-class art museum in the Georgian capital, Tbilisi, that can do battle with New York City’s Solomon R. Guggenheim museum and other prominent modern art centers. "This all started because I thought about what I can do for the country, for tourism, to rejuvenate Georgia," Ivanishvili said during an interview with EurasiaNet.org. Some “one, tw...
Rate this blog entry:
Recent Comments
Guest — Eric
Potentially a great way to bring tourists in the low season. Exactly the thing Georgia needs most. High season tourism at "peak lo... Read More
Friday, 18 November 2011 9:09 PM
Guest — Michael
The Stalin museum is a case in point. It could be a museum that not only attracts tourists, but also documents and educates about ... Read More
Thursday, 01 December 2011 11:11 AM
Guest — Leqso
Totally agree. Another example of poor management might be the management of Stalin Museum in Gori, I think the museum with the bi... Read More
Thursday, 01 December 2011 11:11 AM
Continue reading
2074
8 Comments
Write a Comment

Our Partners